Kyle predicts that Solana's progress will surpass any period in history, becoming the cornerstone of complex financial applications on the chain BlockBeats News: On February 11th, former Multicoin co-founder Kyle Samani predicted that over the next 18 months, the microstructure of the Solana on chain market will improve more than any other period in cryptocurrency history. What to look forward to is: Alpenglow: Solana's upcoming major consensus mechanism upgrade is one of the largest protocol level changes in Solana's history. Significantly simplifying consensus logic, reducing the final block confirmation time from the current approximately 12 seconds to around 100-150 milliseconds, while removing old components such as Proof of History and Tower BFT, and introducing block propagation and voting mechanisms, providing an extremely low latency foundation for high-frequency financial applications. ACE (Application Control Execution): Application Control Execution is a key innovation in Solana's core roadmap. The transaction sorting of traditional blockchain is fully controlled by validators/block producers, while ACE allows smart contracts/applications to determine the sorting, settlement logic, and priority of transactions on their own. Enable DeFi applications on Solana to customize exclusive market microstructures, such as order matching rules, anti MEV mechanisms, and more. Let each DEX or Perp protocol have its own transaction engine, which is the core technology to realize the Internet capital market. MCL (Multi Concurrent Block Production): Solana's future upgrades allow multiple leaders to propose blocks simultaneously, significantly increasing throughput and reducing latency, and improving transaction inclusion time and censorship resistance. PropAMMs (proprietary automated market makers): Unlike traditional public AMMs such as Raydium and Orca's constant product pools, PropAMMs are privately deployed by professional market makers/institutions, using real-time price oracle to update quotes, actively manage liquidity, and typically do not accept unlicensed deposits. Providing extremely low slippage and deeper liquidity, it currently accounts for over 60% of Solana DEX trading volume, greatly changing the on chain market structure and bringing prices closer to CEX levels. Aggregators, such as Jupiter, Dflow, etc., aggregate liquidity from multiple DEX, AMM, PropaMM, and other sources to find the optimal execution path for users, providing the lowest sliding point and optimal price. Conditional liquidity: This is a new type of liquidity provision mechanism, where liquidity is no longer an unconditional "passive pool", but can only be used by foodies when specific conditions are met (such as orders endorsed by trusted front-end applications, non toxic order flows, etc.), mainly to prevent market makers from being targeted, allowing them to dare to provide tighter spreads and ultimately bring better trading prices and deeper liquidity. Overall improvements have been made to SVM and scheduler, including optimization of computing units, asynchronous program execution (APE), scheduling algorithm upgrades, etc., to make the program run faster, save resources, and support higher concurrency. SVM is the execution environment for Solana smart contracts, and these improvements directly enhance the performance of on chain programs, providing fundamental support for complex financial applications.