Ellipsis Labs vs Sandglass

Overview

Ellipsis Labs Ellipsis Labs is the team behind Phoenix, a fully on-chain, non-custodial order book on Solana, and Phoenix Perpetuals, its futures exchange. Its focus is true central-limit-order-book trading on-chai... Sandglass Sandglass is a yield tokenization protocol on Solana that splits yield-bearing assets into two separate instruments: principal tokens (PT) and yield tokens (YT). By separating the principal from the f...

Community Ratings

Ellipsis Labs is rated higher by the MadeOnSol community with 5.0/5 stars across 1 review, compared to 4.8/5 for Sandglass (4 reviews). That said, ratings only tell part of the story — what matters most is which tool fits your specific workflow.

Pricing & Value

Ellipsis Labs uses a free model, while Sandglass is free. Both tools are free, so cost isn't a deciding factor — focus on features and reliability instead.

Key Features

Ellipsis Labs offers 5 features including Fully on-chain, non-custodial central-limit order book, Phoenix Perpetuals futures exchange, Trades up to $8M with <1 bps price impact, and 2 more. Sandglass counters with 5 features including Splits yield-bearing assets into principal tokens (PT) and yield tokens (YT), Fixed-rate yield locking via discounted principal tokens, Leveraged yield trading for amplified yield exposure, and 2 more. The right choice depends on which specific features matter for your use case — check the individual review pages for full breakdowns.

Reliability & Health

We monitor both tools around the clock for uptime, SSL validity, and response times. Ellipsis Labs currently has a healthy health status with 100.0% uptime over the last 30 days. Sandglass is rated healthy with 99.0% uptime. For any tool you trust with your funds, trades, or yield, uptime and speed are non-negotiable.

Strengths

Ellipsis Labs's key strengths include true on-chain order book with tight execution, very low price impact even on large trades, non-custodial trading. Sandglass stands out for brings pendle-style yield tokenization natively to solana, enables predictable fixed-rate returns through pt, supports both lst and lending yields as sources.