X @Solana

RT Eugene Chen (@0xShitTrader)Prop AMMs like @SolFiAMM are the first live proof that under some circumstances, fully on-chain liquidity can outcompete centralized exchanges on majors.Further improvements in market structure will continue to be non-skeuomorphic to what exists on centralized venues.There still remains lots of opportunity at the frontier of on-chain market structure and @ellipsis_labs actively pursues it. Some areas of research I have my eye on:- On-chain routing- On-chain flow discrimination- ...