If Perp Dex Summer continues, will it eventually explode within the Solana ecosystem?

Original author: Haotian, IOSG Special Researcher

Reprint: Luke, Mars Finance

Boldly speculating here, if Perp Dex Summer continues, it will eventually explode within the Solana ecosystem:

1. Solana can perform application-specific optimizations directly at the validator level, running a dedicated trading engine within the validator nodes to achieve sub-second trading experiences close to Hyperliquid.

The Ethereum layer2 expansion ideas are wrapped in layers of technical debt such as L2 centralized Sequencer, transaction Batch, and Finality state relying on L1. In contrast, Solana's existing technical architecture advantages are more suitable for nurturing and fermenting Perp Dex than Ethereum.

2. When the trading engine is directly embedded into the validator stack, it can bypass the ordinary transaction pool competition, equivalent to building a "VIP channel", sacrificing a portion of decentralization for more extreme trading performance;

In fact, the success of Jito has validated the feasibility of making specialized optimizations at the Solana validator level. By simply providing validators with additional MEV revenue sharing, along with the value capture of the $JTO token, validators have a strong willingness to participate, with 60% of Solana validators already running the Jito client. In a Perp scenario, replacing MEV fees with trading fee revenues would 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 in the context of the MEME craze, Solana has repeatedly validated its advantages in liquidity depth.

If both Solana and Hyperliquid are trying to leverage centralized thinking to tap into high-frequency trading applications, the existing ecological foundation allows Solana to have a greater development ceiling compared to Hyperliquid. After all, there is a chain to incubate applications and a clear distinction based on the chain that incubates applications. So, comrades who missed the last opportunity on Hyperliquid, don't be anxious or distressed about the risk of Fomo for this wave of Aster and Lighter. Your next opportunity may be quietly brewing on Solana.

As for which projects to recommend, @DriftProtocol's architectural approach is a bit old, but recently the fundraising of 8M for @_bulktrade and its predecessor Zeta Market's @bulletxyz_.

Other projects are also making similar attempts in this direction, but more projects will emerge.