Solana: Ellipsis Labs Launches Its First AMM on Solana and Initiates Phoenix Perp DEX Testing (Waitlist Open)

Solana’s official channels announced that Ellipsis Labs has become the first project to deploy its own AMM on the Solana network, reinforcing the platform’s DeFi liquidity tier. The milestone expands on-chain liquidity options and showcases Solana‘s continued focus on scalable DeFi infrastructure.

Ellipsis Labs is shifting its development emphasis toward derivatives; the team is launching the Phoenix Perp DEX, a fully Solana-native product, and has begun internal testing. The waitlist is now open for participants seeking early access to the platform’s risk‑managed perpetual contracts.