Paradigm's Major Investment in Ellipsis Labs' Solana DEX Phoenix

Thursday, 4 April 2024, 17:23
Paradigm, a leading VC firm, has invested $20 million in Ellipsis Labs, boosting its Solana-based DEX, currently ranked 8th by TVL. This funding reflects growing interest in decentralized finance (DeFi), positioning Ellipsis Labs at the forefront of blockchain innovation and market expansion.
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Paradigm's Major Investment in Ellipsis Labs' Solana DEX Phoenix

Ellipsis Labs: Revolutionizing Solana DEX Development

Paradigm's $20 million Series A investment in Ellipsis Labs showcases a major milestone in decentralized exchange evolution.

Solana DEX Phoenix: A Rising Star in DeFi

Ellipsis Labs has propelled Solana's on-chain order DEX, Phoenix, to become the 8th largest in the ecosystem.

This funding signifies a strong vote of confidence in Ellipsis Labs' technological prowess and market potential, solidifying its stance as a key player in DeFi innovation and growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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