SOL/USDC
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X @Solana
Solana· 2025-11-19 22:08
RT vibhu (@vibhu)Something remarkable happened last week that I thought would take another 5 yearsSOL/USDC volume natively on @solana outpaced all centralized exchanges COMBINEDIf you prefer trading onchain, you’re not alone — this is so obviously the future10x lower fees, better pricing, faster execution + you own your keysOnchain everything is inevitable ...
X @mert | helius.dev
mert | helius.dev· 2025-10-25 14:24
Solana DeFi Execution Quality - Quote price does not equal realized price due to market movement during the time between quote generation and execution [2] - Simulation of routes favors more recent transactions because older quotes are more likely to fail slippage tolerance checks [4][5] - Simulation-based meta-aggregation is less effective when time passes between returning the quote to the client and transaction execution [6] Race Conditions and Data Analysis - Race conditions are unavoidable in markets, and meta-aggregator APIs should analyze data including selected router and age of candidate quotes to account for bias [7] - When comparing realized slippage, include transactions that failed due to exceeding slippage tolerance to avoid biased conclusions [8] - Quotes have two dimensions: probability of landing successfully and realized price, requiring a weighting of which factor is more important [8] DFlow's Routing System - DFlow optimizes for both realized price and transaction success, prioritizing lower variance in transaction success rates [9][10] - DFlow's JIT routing shaves off an expected ~1 bps (basis point, 0.01%) in realized slippage on SOL/USDC, which is not reflected in quote comparisons [10] - DFlow chooses to route through thick, resilient liquidity that is forecast to remain on-chain even with multiple users executing the same quote [11]
X @Solana
Solana· 2025-08-26 05:51
RT Jarry Xiao (@jarxiao)In 2023, Phoenix delivered the most competitive on-chain SOL/USDC pricing with a minimum bid-ask spread of just 4 bps (including taker fees).Fast forward 2 years: you will rarely get a two-sided quote from a router with a spread >2 bps!Internet capital markets at work. ...