Forget Hyperliquid, the next wave of Perp will happen on Solana.

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1 day ago

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

1) Solana can perform application-specific optimizations directly at the validator level, allowing dedicated trading engines to run within the validation nodes, achieving a sub-second trading experience close to Hyperliquid.

The Ethereum layer 2 scaling approach is wrapped in layers of technical debt, such as L2 centralized sequencers, transaction batching, and finality state dependencies on L1. In contrast, Solana's existing technological architecture advantages are more suitable for nurturing and fermenting Perp Dex;

2) When the trading engine is directly embedded in the validator stack, it can bypass the competition of ordinary transaction pools, effectively creating a "VIP channel," sacrificing a portion of decentralization for more extreme trading performance;

In fact, the success of Jito has already validated the feasibility of making dedicated optimizations at the Solana validator level. By providing validators with additional MEV revenue sharing, along with the value capture of the $JTO token, validators are highly motivated to participate, with 60% of Solana validators already running the Jito client.

In the Perp scenario, replacing MEV fees with trading fee revenues will 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 under the MEME craze, Solana has repeatedly validated its advantages in liquidity depth.

If Solana and Hyperliquid are both trying to leverage centralized thinking to drive high-frequency trading application scenarios, the existing ecological foundation gives Solana a greater development ceiling than Hyperliquid, as it has the chain to incubate applications and differentiate based on application-incubated chains.

So, for those who missed the last opportunity with Hyperliquid, don’t be anxious or distressed about the adventurous FOMO of this wave of Aster and Lighter; your next opportunity may be quietly brewing on Solana. As for project recommendations, while Drift Protocol's architectural approach is a bit outdated, recent projects like Bulk, which raised $8M, and Bullet, the predecessor of Zeta Market, are making similar attempts, but more projects will emerge.

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