What are the pros of Ellipsis Labs?

Proven track record with $75B+ in volume. Institutional-grade execution quality. Innovative on-chain order book technology.

What are the cons of Ellipsis Labs?

Phoenix Perps still in private beta. Primarily serves professional traders and market makers.

How much does Ellipsis Labs cost?

Ellipsis Labs is completely free to use.

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Ellipsis Labs Review | Honest Verdict (2026) | Made on Sol

ToolsDeFi & YieldEllipsis Labs

Ellipsis Labs

DeFi & Yield

Healthy

Checked 4h ago

Updated Mar 2026

Builders of Phoenix on-chain order book and perpetuals DEX on Solana

Overview

Ellipsis Labs launched Phoenix Perpetuals — a non-custodial, on-chain futures exchange on Solana handling trades up to $8M with less than 1 basis point of price impact. The Phoenix spot order book has processed over $75B in volume since launch.

Health & Activity

Uptime 30d

100.0%

Website

Online

SSL

Valid

Social Activity

Inactive(96d ago)

Last checked: 4h ago

Latest from @ellipsis_labs

December 12, 2025

CTO and co-founder @jarxiao is getting ready to speak at Solana Money Summit. 2:20pm, talking about perps matching engines. See you there! https://t.co/MMsYuDFofI

View on X

Key Features

Phoenix Perps with sub-1bp price impact on $8M trades
Fully on-chain non-custodial architecture
Proprietary AMM for cheaper market making
Professional-grade execution quality
$75B+ total volume on Phoenix platform

Pros

Proven track record with $75B+ in volume
Institutional-grade execution quality
Innovative on-chain order book technology

Cons

Phoenix Perps still in private beta
Primarily serves professional traders and market makers

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