🚀Ellipsis Labs, creators of Solana-based DEX Phoenix, has secured $20M in Series A funding led by Paradigm. The firm, which raised an additional $3.3M last year, aims to advance its DeFi technology stack. Phoenix, a top 5 spot dex, settles trades without a "crank," allowing for simultaneous transactions. The firm is also hiring engineers for its NY team.💼 Meanwhile, Paradigm is reportedly raising between $750M-$850M for a new fund. What do you think this means for the future of DeFi? Share your thoughts below!👇