Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

14/06/2025

$3000 in June – New All-Time High?

14/06/2025

Did Circle execute its IPO ‘perfectly’?

14/06/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Centralized Entities Now Hold Over 30% of Bitcoin’s Supply: Gemini

    14/06/2025

    US CPI Pushes Bitcoin Price Below $108,000, But Buy Pressure to Drive Recovery

    14/06/2025

    Just 216 Bitcoin holders own over 6 million BTC as market concentration grows

    14/06/2025

    New browser extension lets you instantly price the web in bitcoin

    14/06/2025

    $3000 in June – New All-Time High?

    14/06/2025

    Ethereum Stabilizes After Market Drop – Key MA Reclaim Could Trigger A June Rally

    14/06/2025

    Could BlackRock’s $34.7M Ethereum Buy Signal a Bullish Shift for ETH Price?

    14/06/2025

    Can Ethereum’s Smart Contract Sustain Amidst the Increasing Competition From Rivals?

    14/06/2025

    INJ’s Price Surges Over 5% After Canary Capital Files for a Staked Injective ETF

    14/06/2025

    Shiba Inu’s Shibarium Skyrockets 7,154% as Adoption Hits New Highs

    14/06/2025

    RLUSD Adoption Metric Skyrockets 52%, Here’s Implication for XRP Price

    14/06/2025

    Bitcoin May Lead in Store of Value — But VeChain Leads in Real-World Use

    14/06/2025

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    13/06/2025

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    13/06/2025

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    13/06/2025

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    13/06/2025

    Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

    14/06/2025

    $3000 in June – New All-Time High?

    14/06/2025

    Did Circle execute its IPO ‘perfectly’?

    14/06/2025

    SEC Commissioner Pushes to Streamline Crypto Regulations

    14/06/2025
  • Blockchain

    INTO Commences Partnership with Dragonfly to Broaden Web3 Accessibility

    14/06/2025

    Metalpha Collaborates with DogeOS

    14/06/2025

    YZi Labs and Plume Unveil $150M Genesis Mainnet

    14/06/2025

    Micro-cap Quantum Resistance Ledger’s QRL token jumps 33% amid quantum concerns for crypto

    14/06/2025

    BNB Chain Expands BNB AI Hack to BNB Hack

    14/06/2025
  • DeFi

    Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

    14/06/2025

    Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance

    14/06/2025

    DeFi Adding $5B of Solana Buying Power With New Line of Credit

    14/06/2025

    World Liberty promised AAVE lending six months ago — so where is it?

    14/06/2025

    NodeX Partners with Laika AI to Pioneer AI-Powered DeFi Infrastructure & Web3

    14/06/2025
  • Metaverse

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence

    13/06/2025

    US Senators Probe Stablecoin Plans by Facebook Parent Meta

    12/06/2025

    Terminus Forges Alliance with COBOX to Revolutionize Metaverse

    11/06/2025

    DRX Asia Partners With Terminus to Build On Metaverse Ambitions

    11/06/2025

    COBOX and Broken Bound Announce Strategic Partnership Amid Growing Metaverse Integration

    11/06/2025
  • Regulation

    Did Circle execute its IPO ‘perfectly’?

    14/06/2025

    VanEck, 21Shares, and Canary urge SEC to revert to ‘first to file, first to approve’ standard for crypto ETFs

    14/06/2025

    Pump.fun may have loftier goals than building an L1

    14/06/2025

    US Congressmen introduce a bill to initiate the first comprehensive audit of America’s gold reserves

    14/06/2025

    CZ Blasts New York Times Over Alleged TRUMP Memecoin Dinner Smear

    14/06/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Good News for US Investors with Airdrop from Surprise Altcoin Listed on Binance! “First!”

    14/06/2025

    How HYPE Surged on Hyperliquid’s Growing Perpetual Futures Stardom

    14/06/2025

    Blazpay Partners with ManusPay to Redefine AI-Driven Crypto Payments

    14/06/2025

    Coinbase Adds 12 Cryptocurrencies for Futures Trading Collateral

    14/06/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Why are big games building on Avalanche instead of Ethereum?

    14/06/2025

    Tencent exploring $15B Nexon acquisition, a gaming firm with Web3 investments

    13/06/2025

    Off The Grid active wallets hold steady ahead of Steam launch

    13/06/2025

    ‘FIFA Rivals’ Launches—Why Mythical Games Thinks It’ll Hit Bigger Than ‘NFL Rivals’

    13/06/2025

    946 Exahash—Miners Push Bitcoin to New Computational Heights Despite Pay Drop

    14/06/2025

    Pakistan Announces Investment in Bitcoin Mining Amid Tensions with India! Here Are the Details

    14/06/2025

    Bitcoin Miners Just Had One of Their Best Quarters on Record, JPMorgan Says

    14/06/2025

    Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant

    13/06/2025

    SEC Commissioner Pushes to Streamline Crypto Regulations

    14/06/2025

    Why These Top 8 Crypto Groups Want The Two Bills Merged

    14/06/2025

    OpenAI Challenges Court Order to Preserve User Data in NYT Lawsuit

    14/06/2025

    Brazil Mulls Taxing Cryptocurrency to Offset Financial Transaction Tax Hike

    14/06/2025

    Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

    14/06/2025

    $3000 in June – New All-Time High?

    14/06/2025

    Did Circle execute its IPO ‘perfectly’?

    14/06/2025

    SEC Commissioner Pushes to Streamline Crypto Regulations

    14/06/2025
  • MarketCap
NBTC News
Home»DeFi»Atlas to merge Solana’s speed with Ethereum’s security
DeFi

Atlas to merge Solana’s speed with Ethereum’s security

NBTCBy NBTC11/09/2024No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Ellipsis Labs has launched the private testnet for Atlas, a blockchain aiming to combine the high performance required by financial institutions with the transparency and security offered by DeFi.

Atlas is optimized for financial applications that require low transaction costs, high availability, fast pre-confirmations and frequent oracle updates, prerequisites for what the team calls “verifiable finance.”

The platform is expected to attract use cases like spot and programmable orderbooks, margin trading, orderbook-based lending and efficient credit markets, building upon the team’s experience as developers of the Phoenix DEX on Solana.

Phoenix, an orderbook-based spot exchange on Solana, has processed over $50 billion in unincentivized trading volume — meaning no points, no token.

The new chain takes the Solana Virtual Machine as an execution layer, but settles to Ethereum mainnet. This design choice is the result of the team’s deep experience as DeFi application developers, according to Ellipsis Labs CEO Eugene Chen.

“Atlas is the infrastructure that we wish we had to build Phoenix on top of, and probably where future versions of Phoenix will live,” Chen told Blockworks.

Read more: Solana DEX aims to move price discovery onchain

By using a custom implementation of the Solana Virtual Machine (SVM), Atlas is compatible with existing Solana programs, while settling on Ethereum. This hybrid approach allows Atlas to benefit from Ethereum’s security and large asset base, while still maintaining Solana’s execution efficiency.

“We don’t really care about these purity tests of Solana vs. Ethereum, we basically will want to use the best tool for the job,” Chen said. “We don’t need to build our own settlement layer

because Ethereum exists and it’s doing quite a good job at that.”

This approach mirrors efforts by Eclipse, another project working to integrate the SVM into Ethereum’s ecosystem by building a rollup.

While Eclipse and Atlas share the same goal of making Solana-based applications compatible with Ethereum, Atlas “started from scratch on modularizing or decoupling pieces of the native Solana client,” Chen said, adding that attracting existing Solana dapps is not the goal.

“We are not that interested in having tons of copy/paste applications from Solana, in the same way that I don’t think it makes a ton of sense for Ethereum layer-2s to have a ton of copy/paste applications from Ethereum,” he said.

A key innovation was re-engineering the SVM to make it play nice with Ethereum, where Atlas will post state differences, Chen explained.

“We’ve re-engineered the memory system of the SVM to ensure efficient state root Merklization,” he said, noting this allows Atlas to maintain consistency with Ethereum’s mainnet while offering fast transaction speeds and opening the door for advanced use cases like parallel zk-proving.

Ellipsis Labs hopes its work on the SVM — based on Agave, the validator client from Anza, formerly known as Solana Labs validator client — will benefit the Solana community as well.

“We understand [Solana’s] shortcomings specifically around the developer experience [and] those are some areas where we’re really eager to contribute back upstream to the Solana world,” Chen said.

Atlas’ modular architecture will “almost certainly” use an external data availability layer — still to be determined — which technically makes the layer-2 a validium.

Although Chen dislikes the “modular vs. monolithic” narrative debate, the modular architecture was a deliberate effort to ensure the freedom to optimize all parts of the tech stack.

“Instead of trying to be necessarily as neutral as possible, we’re actually being very opinionated in the design to be as good as possible for specific types of financial applications,” he said.

In addition to performance improvements, Chen points to its oracle system as a key differentiator. Oracles are essential for margin trading and other financial services that rely on timely market data.

“It’s a very simple idea; we’re just going to guarantee that as fast as the oracle can spit out price updates, we’re going to include them on the chain for de minimus cost,” he said.

The current testnet is only available to developers by application, according to a blog post announcing the project. Looking forward, Atlas is on track to release a public testnet by the end of 2024, with a full mainnet launch expected by mid-2025. The platform will also need to undergo multiple audits before the mainnet launch.

The team is focusing on gradually scaling, while maintaining its core commitment to performance, transparency and security, Chen said.

“There’s still a lot left for us to build, but we’re not going to make any false claims,” he added.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

14/06/2025

Crypto Lending Platform Morpho V2 Brings DeFi Closer to Traditional Finance

14/06/2025

DeFi Adding $5B of Solana Buying Power With New Line of Credit

14/06/2025

World Liberty promised AAVE lending six months ago — so where is it?

14/06/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Crypto Lender Maple Partners with Liquid Staking Specialist Lido Finance

14/06/2025

$3000 in June – New All-Time High?

14/06/2025

Did Circle execute its IPO ‘perfectly’?

14/06/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.