Solana DeFi is years ahead of most L1s Continuous tech improvement driven by user demand and feedback is likely a key factor Having a focused team aligned on a single vision also plays a crucial role.​​​​​ The points above are a big reason why they were able to ship & scale the below in <4yrs👇 #1 DEX micro infra local fee mkts priority fees prop amms parallel dex execution optimized aggregators complete validator rewrite via firedancer now 1m tps easy async validator rotation native accounts spl asset composability capital efficient liquid staking #1 fdn support #1 in BD/growth for apps / infra #1 dev velocity (outpaced ETH) #1 in fee generation dex vol dominance isolated hardware storage via saga Probably missing a bunch more These are the aspects that come up as we’ve built and launched both $zenBTC & $zenZEC within @zenrock and get asked why we chose @solana as our hub
with the UNI fee switch happening, it made me reflect on how much the DEX landscape has changed in crypto if u told me Solana wld be leading the industry in DEX infra and mechanism design 3 years ago I wldve laughed Meteora is like the Uniswap of Solana and they've powered some of the biggest coin launches and launchpads of the past year including $TRUMP Kinda crazy to me that $MET is only $400M FDV while generating half of Uniswap's annualized fees I’ve partnered with @MeteoriteCol before and believe me they’re cooking
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