One year ago, our analyst @0x_Arcana covered the rise of Prop AMMs on Solana. “In the next ~6-12 months I could very well see this trend continue, with the long-tail of prop AMMs all competing to capture that same asymmetric upside currently held by the select handful today.“ Now Prop AMM volume on SOL dollar pairs has matched the top 4 CEXs combined.(Delphi Digital)