cofounder of @deriverse_io | building the end-game derivatives DEX on @Solana | tradfi since '15, defi since '18, Solana since '21
Solana
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Umpf..!
@deriverse_io just crossed 25,000,000 trades and $2,500,000,000 in volume, all settled on @solana mainnet
181 days since launch
Some numbers in below (1/5)
Trades:
- ~139,000 per day
- ~5,800 per hour
- ~97 per minute
- ~1,6 per second
Volumes:
- ~$14,000,000/day
- @deriverse_io now represents ~1.8% of all Solana DEX volume over the last 30 days
- 4,900:1 Volume-to-TVL ratio
TVL is a particularly imperfect metric for order books, but that's exactly why looking at DEXs through an AMM-only lens can be misleading
Turns out you can still innovate onchain trading!
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In 5 years 4 H100 will cost less than 100 quid
hear me out
there are four NVIDIA H100s in every Waymo
just call a Waymo and keep changing the destination continuously for 5 years so it never ends the ride
you now legally own the car and $200k worth of GPUs
do this with 5 cars and you're a millionaire
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Yessir! Let's ai slop the shit out of the world's core network infrastructure
Next step: rewrite the human genome in Rust
This is INSANE. Cisco’s president Jeetu Patel has given a 27-year-old engineer unlimited AI tokens to try to rewrite 98% of the company’s legacy code within 24 months, Fortune reports.
Padmanabhan Krishnamurthy thinks he can do it with a two-person team. He has just four weeks to prove the approach.
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Alpenglow is now live on Solana mainnet. ⛰️
Finality just went from ~12.8 seconds to ~150ms.
The biggest consensus upgrade in Solana’s history, built by @anza_xyz.
Alpenglow is live on mainnet-beta ⛰️ 🎉
Solana’s new consensus protocol: finality reduced from 12.8 seconds to 150 milliseconds, built by Anza.
Why this is important 🧵
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This very distinguished gentleman is onto smth
Not gonna lie, being top 10 on @solana_daily has always been my childhood dream 🦄
However, what this list doesn’t show you is volume per dollar of TVL
Which is actually the number I care about much more as an adult 👇
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Okay, fine!
Just for @colosseum we'll wipe Deriverse's $3b+ in volumes success and redeploy the protocol under Sup3rTeAmG3oRGla4Ev3rLfGfUcKhYperL1qu1d
🫡
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Woke up today in panic questioning whether @deriverse_io is the best Solana DEX
Checked
Yes, it still is and it will outgrow every DeFi vertical imaginable in the coming years
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Sex is good but have you tried Deriverse's dual liquidity spot engine?
We built @deriverse_io because we believed 101% onchain CLOB+AMM markets could compete on performance and execution
Seeing $3b traded through it makes me proud of the team and even more impatient to ship what’s next 👀
That's only on spot, only with 3 markets launched, only on low 6 fig TVL!
3 billion USD cumulative volume on Deriverse.
Less shouting, more shipping.
And lowkey winning.
The perfect way to wrap up @token2049.
Thank you to our traders, LPs & partners. Up only.
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My dog (owns barkchain) is getting 40b TPS on barkchain on a bad day. Let's talk when @SuiNetwork is doing 90,000,000,000,000,000,000 txns in 1 planck time
@solana still 🐐
A world record.
40,614,180 transactions per second. Live at Sui Basecamp, independently analyzed by @CertiK.
AI agents paid, played, and chatted in programmable tunnels. Executed offchain, settled on Sui.
Sui is ready for the agentic economy.
sui.io/blog/sui-sets-record-…
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Sorry to hear that but shit happens (all the time)
If you're bringing your crypto (hw wallets, hot wallets or passkey devices) with you to a crypto conf, even my dog will wanna drain you to teach you a lesson
Keep safe and stay healthy
Was drained for $4m+ USD this morning at 4:30am while I was asleep
Not sure how it happened yet, but I'm in Singapore and met a lot of new people
Thank you to the teams and individuals who are helping with the investigation. Will share more when I can
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Nice run @deriverse_io - @solana top 10 DEX!
Ideally positioned for @SolanaSummitOrg in Singapore! Can't wait for the next @joinfrontier to have Deriverse as a trading venue 👀
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solontag | Deriverse retweeted
Heading to @token2049 in Singapore!
If you're curious to chat irl about the culture of Binance, find me around the conference
Heading to @token2049 in Singapore!
If you're curious to chat irl about the future of finance, find me around the conference
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