On $SOL, the DeFi market is undergoing quiet structural changes. The inefficiency of AMMs and the arbitrage opportunities in price spreads make them only suitable for long-tail markets, while CLOB remains the core adoption in mainstream markets. As on-chain latency gradually decreases - especially with the implementation of the Alpenglow consensus upgrade next year - it will clear the final obstacles for the arrival of large-scale CLOB. We can clearly see that 60% of trading in the SOL-USD market is already conducted through the Prop AMMs model, with HumidiFi and SolFi emerging as the major winners in Prop AMMs market share. Of course, personally, I think Prop AMMs is just a compromise between the two - a stopgap measure out of necessity, a balance between AMM and CLOB. The ultimate goal is still to use CLOB to realize the grand vision of an on-chain Nasdaq
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$CARDS Record-breaking daily revenue 1.6M Is the revenue sustainable? Is there room for growth? What could the on-chain penetration rate of the TCG market increase to?
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Brainrot is live on Farcaster
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