The Ellipsis team has been pushing Solana's on-chain market infrastructure forward with some impressive moves. Phoenix brought an on-chain CLOB (central limit order book) to the ecosystem, while SolFi introduced what they're calling the first proprietary AMM (automated market maker). Both solutions addressed real gaps in Solana's DeFi stack. Now the team is leveraging that same technical expertise to venture into perpetual futures—expanding their toolkit beyond spot markets and AMMs into derivatives territory. It's a logical next step for a team that clearly understands how to build robust trading infrastructure on Solana.

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