Phoenix developer Ellipsis Labs launches Atlas testnet

ChainCatcher news, according to Blockworks, the DeFi protocol Phoenix on Solana has announced the launch of the Atlas testnet optimized for DeFi by its developer Ellipsis Labs.

It is reported that Atlas uses the Solana virtual machine as the execution layer and utilizes the Ethereum mainnet for settlement, making it compatible with existing Solana programs. Ellipsis Labs stated that in the future, Phoenix will build a new version on Atlas.