ATLAS RISES: Breaking Down the Reason Behind the Surge in Price Today
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Fellow redditors,
atlas (star atlas) just shot up 20.5% in the last 24 hours, reaching $0.0037033. but what's behind this sudden surge?
first off, ellipsis labs just raised $21 million to launch their new l2 blockchain, atlas. this new blockchain aims to tackle some serious defi problems, like high transaction costs and slow price discovery. by being able to tap into the liquidity pools on both ethereum and solana, with faster transactions and reliable oracle updates, this thing has got some serious potential. and did i mention, they're looking to make this thing a better version of polygon? that's massive!
plus, starting from sept 16th, they will be a unique multichain portal for real-world assets (rwas) like us treasuries, corporate bonds, and more. and get this, they already have a million wallets on board!
the new $zeusd token is also making waves as it allows permissionless, omnichain, and composable access to rwas that yield stable returns.
and let's not forget the new multichain portal, launched to provide permissionless access to rwas such as us treasuries, corporate bonds, and bank bonds. it's hard to even put into words the hype that's going on about this one, talk about potential!
the competition in the gamefi market is heating up when we see how atlas has jostled with high-caliber players like gmt and crown. it's a real dogfight out there!
and let's not overlook the other aspects - ellipsis added a new l2 blockchain to the already existing phoenix which was already a contented project in itself. and they spent $21 million which looks like they can scale this project to steps even further than what we see in the current testnet which is quite powerful as is.
there's also talk of new opportunities for defi protocols, like the recently launched atlas testnet by ellipsis labs on solana, which claims to be optimized for defi applications.
so, there's a lot going on behind the scenes with atlas, and it's clear that this project has some serious potential. but like any investment, it's important to do your own research and understand the risks involved.
keep your eyes peeled, because atlas is definitely one coin that's worth following for the foreseeable future!
-dreamerofnasa
-(title for the write-up all credits and credits going to the one and only, redmorehead, big shout out to u/redmorehead)
atlas (star atlas) just shot up 20.5% in the last 24 hours, reaching $0.0037033. but what's behind this sudden surge?
first off, ellipsis labs just raised $21 million to launch their new l2 blockchain, atlas. this new blockchain aims to tackle some serious defi problems, like high transaction costs and slow price discovery. by being able to tap into the liquidity pools on both ethereum and solana, with faster transactions and reliable oracle updates, this thing has got some serious potential. and did i mention, they're looking to make this thing a better version of polygon? that's massive!
plus, starting from sept 16th, they will be a unique multichain portal for real-world assets (rwas) like us treasuries, corporate bonds, and more. and get this, they already have a million wallets on board!
the new $zeusd token is also making waves as it allows permissionless, omnichain, and composable access to rwas that yield stable returns.
and let's not forget the new multichain portal, launched to provide permissionless access to rwas such as us treasuries, corporate bonds, and bank bonds. it's hard to even put into words the hype that's going on about this one, talk about potential!
the competition in the gamefi market is heating up when we see how atlas has jostled with high-caliber players like gmt and crown. it's a real dogfight out there!
and let's not overlook the other aspects - ellipsis added a new l2 blockchain to the already existing phoenix which was already a contented project in itself. and they spent $21 million which looks like they can scale this project to steps even further than what we see in the current testnet which is quite powerful as is.
there's also talk of new opportunities for defi protocols, like the recently launched atlas testnet by ellipsis labs on solana, which claims to be optimized for defi applications.
so, there's a lot going on behind the scenes with atlas, and it's clear that this project has some serious potential. but like any investment, it's important to do your own research and understand the risks involved.
keep your eyes peeled, because atlas is definitely one coin that's worth following for the foreseeable future!
-dreamerofnasa
-(title for the write-up all credits and credits going to the one and only, redmorehead, big shout out to u/redmorehead)
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