Solana Native Perp DEX Phoenix is launching its internal testing today and opening applications for the waitlist.

BlockBeats News, December 11th, the Solana team officially announced that Ellipsis Labs is pivoting to the derivatives field, launching the Phoenix Perp DEX built on Solana natively, and starting internal testing today. The waitlist application is now open. Previously, Ellipsis Labs was the first to launch its own AMM (Automated Market Maker) on Solana, reshaping DeFi in the process.