ahhh.. right up my alley, excellent analogy here đŻ
if youâre trying to win races, youâre not buying a car with slow 0-60mph or weak quarter mile times. you need a high-horsepower, performance vehicle
low blocktimes are to an L1 what high horsepower is to a race car
there are a lot of similarities between traders and racers, they both just want to win and need whatever edge they can get to do so. Fogo blocktimes is the edge for traders
thanks @RobertSagurton for summoning me - gave me the perfect excuse to share one of my race videos đ«
Why blocktimes are make-or-break for L1s competing for trading:
When buying a race car, you ask, âHow fast is it?â
If itâs 10x slower, you walk away.
Youâre not going to waste your time asking about the tires and suspension and aerodynamics.
(@thebookofjoey help me out here as I know shit about cars!)
Same with blocktimes.
Pro traders will always first ask, âWhatâs your blocktime?â
Over 100ms?
Theyâre gone and wonât connect.
Not just because itâs too slow â but also because it shows you didnât design it for traders, so they can assume the rest is also not optimized.
Hyperliquidâs 70ms blocktimes is the first enabler that allows them to kill it in perps market share.
Conversely, Solanaâs 393ms is what has put them on their heels unable to close the gap.
Itâs not just about blocktimes, but thatâs the start.
Fogo is at 40ms blocktimes in Testnet â as why would we ever launch an L1 slower than HL?
Dont need a phD to know youâre never going to close the gap if youâre slower.
Time to be faster.
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