Source: blockworks.co
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Ellipsis Labs Takes Credit for Successful Solana DEX SolFi

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SolFi, a decentralized exchange (DEX) launched in November, has quickly captured over 20% market share for swaps between stablecoins and SOL. The DEX offers competitive pricing but initially lacked transparency regarding its creators.

Ellipsis Labs, known for developing Ethereum layer-2 Atlas, claimed responsibility for SolFi's development. Co-founder Eugene Chen stated the DEX leverages their understanding of Solana's market structure. SolFi is integrated with Jupiter Exchange, where it constitutes 25% of volume among the 51 DEXs in the aggregator.

Other anonymous DEXs on Solana include Orbic and ZeroFi, both achieving notable trading volumes without disclosing their developers.

Original publication

Authors credited by the source: Jack Kubinec

Published by Holder based on an external source.