CEO of @Circular_fi & @Landfast_io | Member of @SuperteamCAN & @Ferno_ag
Solana
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I'm always really surprised by how companies lose money on @solana.
As CEO of @Circular_fi, I'm led to speak with many companies across the ecosystem.
Most of them create value with their transactions. They are either unaware of it or they are afraid of the monetization solutions currently offered by the market (they are right to be).
After all these years analyzing arbitrage and speaking with them, two profiles stand out:
- The first is the company that are unaware that there are ways to monetize a transaction.
They create DeFi transactions but they do not have visibility into the impact a transaction can have.
It's never just a simple transaction when you send it on a decentralized network. Your transaction has a real impact on the entire ecosystem and therefore can generate value through arbitrage.
Here, my role is simple: educate them and help them understand why they can better monetize their transactions.
- The second profile is the more complex one: companies that are fully aware of arbitrage, but do not want to arbitrage their users transactions.
That is a noble position and I respect it.
But what they do not realize is that with this position, they are not helping their users. They are penalizing them and literally making them lose money.
The value created by their transactions will be captured by an external arbitrager anyway, that is a fact.
Not wanting to arbitrage their own transactions means voluntarily letting their users money leak into the ecosystem, for free.
If we push this thinking further: wouldn't it be more reasonable to capture this value and redistribute it to their own users as cashback?
This money generated through arbitrage is not created out of thin air. It is a direct loss for the user caused by AMM inefficiencies.
With our years of experience, our public image and our data, we decided a few months ago to create a Monetization Layer.
Simple, healthy and transparent for companies.
(0.0ms) We receive transactions.
(0.1ms) Analyze them in real time.
(0.5ms) If a transaction will destabilize the price of a token; we will send an arbitrage transaction who lands after the analyzed transaction.
(1ms) We redistribute the majority of the profit directly to the company wallet during the execution of the arbitrage transaction.
Then, it's up to the company to decide whether it wants to redistribute a part of this profit.
Clear traceability is what makes Circular the first fully transparent Monetization Layer for companies.
That is why they choose us.
Accelerate.
Made with AI
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Axiom's $55.7M "Validator Bribe" Rip-Off on @solana.
@AxiomExchange is deliberately extracting millions from its traders through misleading transaction fees.
I stumbled upon this piece of data while exploring our database, here's our analysis 👇
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Sometimes troubling things happen on @solana that nobody talks about...
With so much data on Circular, sometimes I'm looking for one piece of information and I stumble upon another... darker one.
The on-chain data speaks for itself; I think I should talk about certain things 🤔
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This month, Fast, our landing service on @solana, processed over $6 million in volume.
That's sick.
You can now view your own stats on the dashboard, now live! 🔥
The dashboard for our Fast landing service on @solana is now live!
This is a game-changer for landing services; transparency is Circular's hallmark, so we've just rolled it out on Fast.
Traders use landing services not only to execute their trades in 0-slots but also to recover the value they lose due to price impact; 65% of the recovered value is sent directly back to your wallet.
No more wondering whether your tips are making a real impact and being put to good use, the data is right here!
See a breakdown of how Fast has used your tips, an analysis of the transactions you've landed, and which validators processed them.
FAST.
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The dashboard for our Fast landing service on @solana is now live!
This is a game-changer for landing services; transparency is Circular's hallmark, so we've just rolled it out on Fast.
Traders use landing services not only to execute their trades in 0-slots but also to recover the value they lose due to price impact; 65% of the recovered value is sent directly back to your wallet.
No more wondering whether your tips are making a real impact and being put to good use, the data is right here!
See a breakdown of how Fast has used your tips, an analysis of the transactions you've landed, and which validators processed them.
FAST.
The Fast dashboard is live.
We just shipped the Fast dashboard, so you can now see what’s actually happening behind your transaction on Solana.
Track your requests, landed transactions, volume, tips, and the average number of blocks between sending and landing.
You can also break performance down by region, see which validators are landing your transactions, and inspect the flow transaction by transaction.
And for eligible flow, cashback has its own dedicated view too.
Now you can see what’s happening behind it.
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I think there are two major issues with the MEV on @solana today.
- The biggest one, in my opinion: a lack of transparency and the inability to understand who benefits from a transaction (though I can say with certainty: it’s rarely the traders)
- The fragmentation of schedulers, which makes it very difficult to predict when a transaction will land.
There’s still so much to do.
Glad more people have been talking about it lately!
With all the "discussion" about MEV on solana. Unsolicited comment from me.
All of this shitshow is caused by scheduler fragmentation. You send a txn to a validator. You dont know how the validator will rank it ? Is it by PF, is it TIP? Is there a bundle endpoint?
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There's so much to share and explain about MEV on @solana, but:
- Rejected by Breakpoint 2026
- Rejected by Accelerate Miami
- Rejected by Breakpoint 2025
- Rejected by Accelerate NY
Only @JupiterExchange at Catlumpurr let me talk about it.
MEV seems to be generating a lot of interest, judging by the views it's getting on X, are you facing pressure from certain companies @SolanaEvents? 👀
You should probably use Circular for data arbitrage on @solana.
Mriya has been a top player for months now.
Without naming the people behind it, their gross profits total $1.5 million over the past 30 days and about $27,000 over the last 24 hours.
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A very good month for arbitrage on @solana, with $7.8 million in revenue generated.
A very bad month for traders, with $7.8 million in losses incurred.
Money doesn't appear out of thin air, it's the traders who lose it.
I'm convinced that the top trading platforms will soon redistribute this lost value to you.
Protect yourself against MEV with our Monetization Layer which redistributes 65% of the profit generated from your transactions to you.
But above all: don't trust most of the companies in the ecosystem.
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You should probably use Circular for data arbitrage on @solana.
Mriya has been a top player for months now.
Without naming the people behind it, their gross profits total $1.5 million over the past 30 days and about $27,000 over the last 24 hours.
Found a @solana arbitrage bot making ~$52k/day over 34 days :)
→ Live since Sep 4, running its own on chain program
→ ~23k txs/day; ~60% revert as it rejects unprofitable trades
→ 15,616 SOL (~$1.76M) swept to its payout wallet in 34 days
Axiom shows $11M profit in 30 days
I traced the on chain money flow: closer to ~$1.6M over that same period
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My team just released our entire @solana database in MCP format for internal use, I've never seen anything this crazy 🤯
Lot to think.
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I heard that @Lagarde had a heart attack when she saw the video.
Europeans live in euros, yet everything onchain runs in dollars.
Kurate is the DeFi layer for euro stablecoins, building the infrastructure institutions need to operate in euros onchain.
Starting today, anyone can earn and borrow on EURC and EURØP on Solana.
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In a world that's becoming increasingly tokenized, especially on @solana... everything should be tokenized.
Why can't I already buy shares in the companies I use?
RPC, gRPC, Preconfs, Landing service, Raw data, ...
I should be able to combine usage and ownership.
TOKENIZE.
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Preconf = Early signal on @solana.
What can you do between execution and block propagation?
That small window is where preconfirmations become interesting.
A preconf gives you an early signal about transaction activity before it becomes visible through the usual shred or RPC data paths.
For a searcher, you can react to the state change earlier and evaluate whether the transaction created a backrun or arbitrage opportunity.
The value is not just in seeing the transaction first.
It is in having enough context, early enough, to decide whether there is something worth doing with it.
That's why preconfirmations can become a useful signal for latency-sensitive MEV strategies.
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Bullish on Data.
Bullish on Execution.
Bullish on @solana.
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One of the topics we discussed was orderflows/Monetization Layer on @solana.
Some CEOs (trading platforms, trading bots, ...) in the ecosystem often tell me: "No, I don't want to leak my transactions to an orderflow, no mass extraction of user here!"
This really shows a lack of awareness or a failure to understand what they're doing.
If arbitrage isn't carried out by a professional structure, it will be carried out by an independent arbitrager 10 ms later, litteraly.
Not integrating a Monetization Layer into your application means accepting that these users money is being squandered within the ecosystem, for free.
If you're truly "user-first", wouldn't it make more sense to integrate a Monetization Layer and give users back the value they're losing? 🤔
Thanks @SteveCleanBrook for this podcast, it was really cool!
If you want to understand how Circular was created and why our vision for MEV is going to change everything on @solana... this is the place 👇
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Thanks @SteveCleanBrook for this podcast, it was really cool!
If you want to understand how Circular was created and why our vision for MEV is going to change everything on @solana... this is the place 👇
Pirates Parley: Episode 36 Circular nitter.siddz.com/i/broadcasts/1mxPaZYLQ…
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