[Kyle Samani: PropAMM is one of the most important innovations in market microstructure in decades] Odaily Planet Daily News – Kyle Samani posted on Platform X, stating that PropAMM is one of the most important innovations in market microstructure in recent years, and possibly even in decades. Samani explained that in traditional CEXs, there are small but real latency differences between different market makers. Even just a few microseconds can determine who updates quotes first and who executes trades first. Therefore, in traditional markets, market makers need to invest significant resources to optimize physical co-location, fiber optics, network equipment, and hardware, all aimed at gaining an edge in microsecond-level competition. The brilliance of PropAMM lies in the fact that the blockchain itself directly 'hosts' the market maker algorithms. The latency required for market makers to update prices only involves the movement of electrons within the same physical silicon chip. If the last market order causes a change in the SOL-USD price, this information is immediately visible to all PropAMM participants and is used for pricing the next market order. Everything happens within the same silicon chip, eliminating the need for bidirectional communication between servers.