thejohnnycrypto on Nostr: “The core metric that we care about… is cost,” he said. The most convincing ...
“The core metric that we care about… is cost,” he said. The most convincing metric wasn’t TPS. It was cost.
Watching Eugene Chen, CEO from Ellipsis Labs at Solana Breakpoint 2025, he walked through how Solana trading moved from passive AMMs to active market making—and why that matters.
What stood out:
• $1M trades that once moved price ~30 bps now clear around 5 bps
• Prop AMMs dominate major pairs
• Execution quality saves real money at scale
• That same approach is now extending to on-chain perps
It felt like a quiet but important shift: on-chain trading starting to compete on the same terms as centralized venues.
Follow me - The Johnny Crypto for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #stablecoin #damus #sol #solana #grownostr #nostr #staking
Published at
2026-01-19 12:52:16 UTCEvent JSON
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"content": "“The core metric that we care about… is cost,” he said. The most convincing metric wasn’t TPS. It was cost.\n\nWatching Eugene Chen, CEO from Ellipsis Labs at Solana Breakpoint 2025, he walked through how Solana trading moved from passive AMMs to active market making—and why that matters.\n\nWhat stood out:\n• $1M trades that once moved price ~30 bps now clear around 5 bps\n• Prop AMMs dominate major pairs\n• Execution quality saves real money at scale\n• That same approach is now extending to on-chain perps\n\nIt felt like a quiet but important shift: on-chain trading starting to compete on the same terms as centralized venues.\n\nFollow me - The Johnny Crypto for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #stablecoin #damus #sol #solana #grownostr #nostr #staking\n\nhttps://image.nostr.build/62741a1151725774bfc869ddcec9cb0c79f9abcdf6fbb278c4bb41eb48dadcd5.jpg",
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