Phoenix developer Ellipsis Labs completed a $20 million https://fortune.com/crypto/2024/04/04/defi-developers-crypto-exchange-phoenix-series-a-round/ round of financing, led by Paradigm

2024-04-04 19:05:21BlockBeatsShare to:

According to BlockBeats, on April 4, Ellipsis Labs announced the completion of a $20 million Series A financing round, led by Paradigm and participated by Electric Capital. The company's first product is a decentralized exchange called Phoenix, which went online in February 2023, and its public user interface was launched in August last year. The company said in a statement that the funds will accelerate its efforts to "create a new financial ecosystem that provides competitive financial products on high-throughput blockchains" while combining the accessibility and transparency of DeFi with the efficiency of traditional markets.

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Price	$2.301 USD	Price Change (24h)	-2.12%	Trading Volume (24h)	$12,114,590.99 USD
Market Cap	$110,124,476.39 USD	Circulating Supply	49,437,488	Max Supply:	64,000,000