I spent some time mining on Meteora, and the experience was indeed good. The biggest contributor behind this is DLMM. What is DLMM? Let's put it this way: imagine there's a market selling fruits downstairs from your house, where the price of bananas ranges from 1 yuan to 10,000 yuan. This model is the earliest AMM, and the biggest problem is that it wastes stall fees, not to mention that many price ranges of bananas don't sell. The above model was found to be ineffective, so the market adjusted its strategy to only sell bananas within a certain price range. However, it always guesses wrong about how much you want to pay for bananas. If it guesses wrong, the bananas don't sell. This model is CLMM, which mainly causes anxiety for the guesser. To solve the above problems, the market introduced an AI assistant that can automatically guess the price range you want to buy and adjust the range accordingly. If there are more people, it sells at a higher price; if there are fewer people, it sells cheaper. This is DLMM. The DLMM application track is currently very strong. Meteora has become very competitive, and Saros @saros_xyz is about to start its v3 upgrade. Everyone is thinking about turning their convenience stores into supermarkets. Especially with this Saros upgrade, they are directly restructuring from the engine level, starting from Solana native, embedding the liquidity auto-adjustment mechanism directly into the underlying layer. During the May Day holiday, I browsed Saros content and felt their ambition is huge. From the architecture design of Perp, Launchpad, etc., it's clear they are aiming to build long-term DeFi infrastructure. Their ability to restructure based on DLMM is truly a testament to their peers' support. Look at the Solana ecosystem now: Raydium is clumsy and slow; Pump is rebellious, and their live broadcast hasn't connected to Jupiter yet, so the traffic can't close the loop; Meteora is capable, but its UI interaction is as disappointing as Raydium. Saros is upgrading at this time, becoming the only player simultaneously focusing on both "underlying mechanism + module closed loop." With a brand new product plan, a new DLMM architecture, and the empowerment of $SAROS from staking, LP to future functions, this wave of Saros might also trigger a new round of Solana DeFi fever. Oops, I got a bit off-topic, let's reel it back in. The new Saros DLMM Beta hasn't opened yet, so let's stay calm and not Fomo. It will be more prudent to assess its value once it truly connects the liquidity loop. My focus is now shifting towards Solana. Solana DeFi is the first track I've chosen. Whether this track can take off depends on whether these infrastructure projects can "bring back" efficiency. Switchboard, Meteora, Fomo, etc., just thinking about it is exciting. Especially with Saros v3's architecture, if it really works, it might become the new generation of entry-level products on Solana.
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