The recent spike in atlas's price, a remarkable 2437%, can be attributed to recent developments by developers ellipsis labs. the firm has made a significant advancement by introducing the optimized atlas testnet specifically designed for defi on the solana blockchain. this new testnet leverages the solana virtual machine for execution while settling on the ethereum mainnet. notably, it maintains compatibility with existing solana programs, indicating a strategic move to enhance efficiency and expand the defi ecosystem on solana. ellipsis labs has also expressed plans to construct new versions of phoenix on the atlas platform in the future, showcasing their commitment to evolving defi applications and improving performance. with the official launch of the public testnet version 1.0 of atlas on september 11, 2024, the firm continues to attract attention in the defi space. following this, ellipsis labs announced the completion of a funding round amounting to 21 million, which is expected to enable the creation of more advanced financial services on the platform. these developments have undoubtedly contributed to the recent surge in atlas's value, reflecting growing investor confidence in the project's future potential.