Ellipsis Labs Launches Atlas Testnet Optimized For DeFi

According to Foresight News, Ellipsis Labs, the developer behind the DeFi protocol Phoenix on Solana, has announced the launch of the Atlas testnet, which is optimized for decentralized finance (DeFi). The Atlas testnet utilizes the Solana virtual machine as its execution layer and employs the Ethereum mainnet for settlement, ensuring compatibility with existing Solana programs. Ellipsis Labs has indicated that future versions of Phoenix will be built on the Atlas platform.