TechFlow News, Ellipsis Labs, the developer behind Phoenix, has announced the launch of a private testnet for the Atlas blockchain.
Atlas aims to combine the high performance required by financial institutions with the transparency and security offered by DeFi. Atlas uses the Solana Virtual Machine as its execution layer but will ultimately settle on the Ethereum mainnet.
Ellipsis Labs previously developed the Phoenix DEX on Solana, which has processed over $50 billion in trading volume without incentives.




