I’d challenge anybody to find a single critique I’ve made about Solana’s issues/limitations that now hasn’t also been confirmed by someone inside Solana.
Or is attempting to be overcome with workarounds by Solana native teams such as @jito_sol or @_bulktrade
BAM, ACE, MCL, are all attempted workarounds to the issues.
“The proof of the issues is in the roadmap pudding”
As anybody who has tried to launch a competitive perps DEX or CLOB on Solana is uncovering the same problems. Solana is great at tons – but it’s no secret that it wasn’t purpose-built for traders, by traders.
And now that we all agree on the issues – is it really that hard to understand why we started from scratch to purpose-build a new L1 to minimize these barriers to entry for traders?
And given there was zero acknowledgement of the issues/competitive threats that we saw (which are now finally being accepted by the manlets today) we had no choice but to go “rogue” and tackle this independently.
Thank god we did as otherwise we’d be on the sidelines today watching the likes of HL and Lighter get traction instead of on the verge of launching. 🙏
Have more in common than you think. 🤝
Market makers are satisficers that do minimum work to make money
They have tech stacks with interfaces that do not lend well to sending tx to 1000s of validators & deploying programs onchain
Many of them will simply not integrate if it's too difficult
Market making onchain will never be as simple as a single server CEX but we must not let that make us complacent about the current barriers to entry
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