I bet on @pacifica_fi
The team that feels the most like early hl.
Boldly speculating here, if the Perp Dex Summer continues, it will eventually explode within the @solana ecosystem:
1) Solana can perform application-specific optimizations directly at the validator level, allowing dedicated trading engines to run within the validation nodes, achieving sub-second trading experiences close to @HyperliquidX.
The Ethereum layer 2 scaling approach is wrapped in layers of technical debt such as L2 centralized sequencers, transaction batching, and finality state dependencies on L1. In contrast, Solana's existing technical architecture advantages are more suitable for nurturing and fermenting Perp Dex;
2) When the trading engine is directly embedded in the validator stack, it can bypass the ordinary transaction pool competition, effectively creating a "VIP channel," sacrificing some decentralization for more extreme trading performance;
In fact, the success of @jito_sol has already validated the feasibility of doing dedicated optimizations at the Solana validator level. By providing validators with additional MEV revenue sharing, along with the value capture of the $JTO token, validators are highly willing to participate, with 60% of Solana validators already running the Jito client.
In the Perp scenario, replacing MEV fees with transaction fee revenues will be more stable and predictable, providing stronger momentum for validator participation;
3) Solana has a relatively mature DeFi ecosystem and a large developer community and user base. Especially under the MEME craze, Solana has repeatedly validated its advantages in liquidity depth.
If both Solana and Hyperliquid are trying to leverage centralized approaches to pry open high-frequency trading application scenarios, the existing ecological foundation gives Solana a greater development ceiling than Hyperliquid, as it has the chain to incubate applications and differentiate based on application-incubated chains.
So, for those who missed the last opportunity with Hyperliquid, don’t be anxious or distressed about the risk of FOMOing this wave of @Aster_DEX and @Lighter_xyz; your next opportunity may be quietly brewing at @Solana_zh.
As for project recommendations, while @DriftProtocol's architectural approach is a bit outdated, recent funding of $8M for @_bulktrade and projects like @bulletxyz_ from the former Zeta Market are making similar attempts, but more projects will emerge.
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