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Ellipsis Labs raises $21m in new funding

New York based Solana decentralized exchange developer raised $21m in new funding led by Haun Ventures.

Co-founders Eugene Chen and Jarry Xiao, who have backgrounds in high-frequency trading, founded Ellipsis Labs in 2022. According to a statement from Haun Ventures, their "key insight" was that "high-performance financial products can rival traditional finance without sacrificing transparency, auditability or censorship resistance."

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crypto, defi, solana, decentralized exchange, nyc