• bitcoinBitcoin (BTC) $ 96,981.00
  • ethereumEthereum (ETH) $ 1,837.90
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 2.22
  • bnbBNB (BNB) $ 599.25
  • solanaSolana (SOL) $ 151.00
  • usd-coinUSDC (USDC) $ 0.999976
  • dogecoinDogecoin (DOGE) $ 0.181576
  • cardanoCardano (ADA) $ 0.711312
  • tronTRON (TRX) $ 0.246324
  • staked-etherLido Staked Ether (STETH) $ 1,837.18
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 96,865.00
  • suiSui (SUI) $ 3.46
  • chainlinkChainlink (LINK) $ 14.67
  • avalanche-2Avalanche (AVAX) $ 21.31
  • stellarStellar (XLM) $ 0.277020
  • leo-tokenLEO Token (LEO) $ 8.88
  • shiba-inuShiba Inu (SHIB) $ 0.000014
  • the-open-networkToncoin (TON) $ 3.18
  • hedera-hashgraphHedera (HBAR) $ 0.186451
  • usdsUSDS (USDS) $ 0.999982
  • wrapped-stethWrapped stETH (WSTETH) $ 2,202.43
  • bitcoin-cashBitcoin Cash (BCH) $ 372.80
  • hyperliquidHyperliquid (HYPE) $ 20.92
  • litecoinLitecoin (LTC) $ 88.42
  • polkadotPolkadot (DOT) $ 4.21
  • moneroMonero (XMR) $ 286.78
  • wethWETH (WETH) $ 1,839.28
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • bitget-tokenBitget Token (BGB) $ 4.40
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 29.24
  • pi-networkPi Network (PI) $ 0.598409
  • wrapped-eethWrapped eETH (WEETH) $ 1,957.19
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 96,904.00
  • pepePepe (PEPE) $ 0.000009
  • aptosAptos (APT) $ 5.47
  • daiDai (DAI) $ 1.00
  • bittensorBittensor (TAO) $ 370.91
  • uniswapUniswap (UNI) $ 5.26
  • nearNEAR Protocol (NEAR) $ 2.57
  • okbOKB (OKB) $ 51.52
  • susdssUSDS (SUSDS) $ 1.05
  • ondo-financeOndo (ONDO) $ 0.915424
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • gatechain-tokenGate (GT) $ 21.73
  • internet-computerInternet Computer (ICP) $ 4.95
  • aaveAave (AAVE) $ 173.75
  • ethereum-classicEthereum Classic (ETC) $ 17.13
  • official-trumpOfficial Trump (TRUMP) $ 12.74
  • kaspaKaspa (KAS) $ 0.097813
  • tokenize-xchangeTokenize Xchange (TKX) $ 31.71
  • crypto-com-chainCronos (CRO) $ 0.090802
  • mantleMantle (MNT) $ 0.738296
  • render-tokenRender (RENDER) $ 4.72
  • vechainVeChain (VET) $ 0.027313
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.238629
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.17
  • cosmosCosmos Hub (ATOM) $ 4.45
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 96,832.00
  • algorandAlgorand (ALGO) $ 0.219734
  • filecoinFilecoin (FIL) $ 2.83
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.716261
  • fasttokenFasttoken (FTN) $ 4.29
  • sonic-3Sonic (prev. FTM) (S) $ 0.566001
  • ethenaEthena (ENA) $ 0.310315
  • celestiaCelestia (TIA) $ 2.63
  • arbitrumArbitrum (ARB) $ 0.338457
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.16
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 96,517.00
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998977
  • bonkBonk (BONK) $ 0.000019
  • worldcoin-wldWorldcoin (WLD) $ 1.04
  • kucoin-sharesKuCoin (KCS) $ 10.77
  • jupiter-exchange-solanaJupiter (JUP) $ 0.458097
  • makerMaker (MKR) $ 1,541.07
  • blockstackStacks (STX) $ 0.824650
  • nexoNEXO (NEXO) $ 1.24
  • binance-staked-solBinance Staked SOL (BNSOL) $ 158.15
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.88
  • quant-networkQuant (QNT) $ 84.19
  • xdce-crowd-saleXDC Network (XDC) $ 0.077773
  • fartcoinFartcoin (FARTCOIN) $ 1.21
  • optimismOptimism (OP) $ 0.722056
  • immutable-xImmutable (IMX) $ 0.635302
  • sei-networkSei (SEI) $ 0.220165
  • eosEOS (EOS) $ 0.738689
  • story-2Story (IP) $ 4.11
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,840.14
  • flare-networksFlare (FLR) $ 0.017535
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,913.38
  • usdt0USDT0 (USDT0) $ 1.00
  • injective-protocolInjective (INJ) $ 10.33
  • curve-dao-tokenCurve DAO (CRV) $ 0.726471
  • the-graphThe Graph (GRT) $ 0.100112
  • paypal-usdPayPal USD (PYUSD) $ 0.999788
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • wbnbWrapped BNB (WBNB) $ 599.65
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,085.03
  • raydiumRaydium (RAY) $ 2.93
  • jasmycoinJasmyCoin (JASMY) $ 0.017109
  • flokiFLOKI (FLOKI) $ 0.000085
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • iotaIOTA (IOTA) $ 0.215281
  • tether-goldTether Gold (XAUT) $ 3,259.14
  • msolMarinade Staked SOL (MSOL) $ 194.85
  • bitcoin-svBitcoin SV (BSV) $ 39.65
  • coredaoorgCore (CORE) $ 0.782089
  • pax-goldPAX Gold (PAXG) $ 3,260.84
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 96,946.00
  • lido-daoLido DAO (LDO) $ 0.855714
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 166.96
  • galaGALA (GALA) $ 0.017117
  • dexeDeXe (DEXE) $ 13.18
  • clbtcclBTC (CLBTC) $ 97,284.00
  • theta-tokenTheta Network (THETA) $ 0.750785
  • walrus-2Walrus (WAL) $ 0.598760
  • solv-protocol-solvbtc-bbnSolv Protocol xSolvBTC (XSOLVBTC) $ 96,202.00
  • the-sandboxThe Sandbox (SAND) $ 0.302712
  • kaiaKaia (KAIA) $ 0.124668
  • heliumHelium (HNT) $ 3.91
  • bittorrentBitTorrent (BTT) $ 0.00000071
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,955.86
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.010454
  • based-brettBrett (BRETT) $ 0.065828
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.05
  • usual-usdUsual USD (USD0) $ 0.997624
  • flowFlow (FLOW) $ 0.407235
  • ethereum-name-serviceEthereum Name Service (ENS) $ 19.02
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998987
  • solayerSolayer (LAYER) $ 2.96
  • dogwifcoindogwifhat (WIF) $ 0.609474
  • zcashZcash (ZEC) $ 36.73
  • decentralandDecentraland (MANA) $ 0.319004
  • chain-2Onyxcoin (XCN) $ 0.017664
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,924.65
  • tezosTezos (XTZ) $ 0.566156
  • jito-governance-tokenJito (JTO) $ 1.80
  • pendlePendle (PENDLE) $ 3.60
  • aerodrome-financeAerodrome Finance (AERO) $ 0.685457
  • pyth-networkPyth Network (PYTH) $ 0.151055
  • reserve-rights-tokenReserve Rights (RSR) $ 0.009555
  • spx6900SPX6900 (SPX) $ 0.566403
  • telcoinTelcoin (TEL) $ 0.005690
  • arweaveArweave (AR) $ 7.99
  • aioz-networkAIOZ Network (AIOZ) $ 0.439521
  • movementMovement (MOVE) $ 0.199533
  • dydx-chaindYdX (DYDX) $ 0.648515
  • ubtcuBTC (UBTC) $ 98,398.00
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.999966
  • elrond-erd-2MultiversX (EGLD) $ 17.66
  • true-usdTrueUSD (TUSD) $ 0.999008
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 96,896.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,922.72
  • beldexBeldex (BDX) $ 0.068060
  • kavaKava (KAVA) $ 0.434914
  • deepDeepBook (DEEP) $ 0.189098
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.181624
  • thorchainTHORChain (RUNE) $ 1.32
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999992
  • pumpbtcpumpBTC (PUMPBTC) $ 93,070.00
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  • tbtctBTC (TBTC) $ 96,768.00
  • ousgOUSG (OUSG) $ 110.89
  • starknetStarknet (STRK) $ 0.143346
  • neoNEO (NEO) $ 6.21
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  • apecoinApeCoin (APE) $ 0.536143
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,840.13
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  • akash-networkAkash Network (AKT) $ 1.69
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  • super-oethSuper OETH (SUPEROETH) $ 1,838.74
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  • ai16zai16z (AI16Z) $ 0.315052
  • amp-tokenAmp (AMP) $ 0.004120

Ellipsis Labs claims credit for mysterious top Solana DEX

0 4

Ellipsis Labs claims credit for mysterious top Solana DEX

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Over the past few months, people involved in Solana DeFi have been asking questions about SolFi, a DEX that sprang up in November and almost immediately captured over 20% market share on swaps between stablecoins and SOL.

SolFi was able to quote better prices than competitors, but at least one business partner I spoke to didn’t know who was behind the new exchange before today. In general, few seemed to be in the loop as to how SolFi was achieving such good prices.

Today, Ellipsis Labs — a DeFi shop currently building an Ethereum layer-2 that uses Solana’s software called Atlas — publicly claimed credit for developing SolFi.

In an announcement on X, Ellipsis Labs co-founder Eugene Chen said the DEX “came from our deep understanding of the market structure on Solana.” Prior to building Atlas, Ellipsis created an orderbook Solana DEX called Phoenix.

SolFi has no frontend, but Chen added that the DEX had partnered with Jupiter Exchange to bring the product to retail traders. SolFi is one of 51 DEXs that are part of Jupiter’s swap aggregator, but it currently makes up for 25% of Jupiter volume — far more than any other DEX — according to a Dune dashboard.

The Solana rumor mill tended to reason that SolFi’s creators had to be someone with roots in the network, and Ellipsis certainly seems to have the technical chops to fit the bill.

“The Ellipsis Labs team are some of the most talented SVM developers in the ecosystem. It should be no surprise, given what they’ve built with Phoenix and Atlas, that they’ve also been able to find success with SolFi,” Switchboard co-founder Chris Hermida said.

SolFi isn’t the only anonymous Solana DEX. Orbic and ZeroFi are other newer Solana DEXs that have commanded significant trading volumes without publicly disclosing who their developers are.

Source

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