majority atomic arbs are glitch in the matrix that shouldn’t exist.
Imagine making money without taking risk. u guys should be more conscious how u route stuff
consequently triggered a series of absolutely horrendous arbs
etherscan.io/tx/0x796d5f4c14…
etherscan.io/tx/0x7fa00a70d1…
etherscan.io/tx/0xe068d3b346…
still funny how helius can't be bothered to spin an auction out of the private orderflow they have, which will effectively drive the searcher profits to zero - entirely for the benefit of the end user. Instead they have a very modest fixed 50% tax on the generated profits. Talk about incentive unalignment.
I have a little internal ranking insofar as atomic arbs go on robinhood .. and it looks pretty surreal. The one below is for the last 24hrs, denominated in ETH.
they really are
wow, people are really willing to pay quite a bit extra to use @RobinhoodCrypto - median fees often spike well above $0.20. That's significantly higher than fees on Ethereum Mainnet.
Galaxy decided to flip from majority "Abstain" to majority "For" ~10mins before the end of the epoch, securing the SGP-0002 with 67.00%.
I’ve seen at least one prop AMM on Robinhood but i don’t think it’s gonna fare well with the FCFS single sequencer tx ordering.
Solana’s spot market structure looks like one giant orderbook if you coalesce all the prop AMMs’s quotes and account for the BAM oracle priority plugin / soft CU prio. Not sure why anyone would quote on Robinhood but not on Solana.
Lachezar Kolev retweeted
They are solving the Riemann Hypothesis and you are reading a paid twitter shill post about which app is better for memecoin trading.
Lachezar Kolev retweeted
The next major feature upgrade to @PhoenixTrade will finally leverage @solana DeFi's greatest asset: spot liquidity. Traders will soon be able to post SOL and other tokens as collateral for their positions.
A few caveats before I dive in:
- I hate announcing things before they ship. Talk is cheap, and execution is hard. And nobody cares that the execution is hard.
- Phoenix is not the fully on-chain perps venue to have spot collateral. This was one of the best features offered by Drift and Mango. As with everything we build, Phoenix's approach will never be a blind copy-paste of our predecessors.
I'm excited about this feature for many reasons.
1. Solana users with SOL and other tokens but no USDC no longer need to sell their assets to deposit and trade on Phoenix.
2. Users and vaults who want to run long spot, short perp basis strategies no longer need to think about manually rebalancing.
3. Sophisticated users who trade both spot and perps can keep their capital on Phoenix and simultaneously trade spot while margining their perps positions. I'll write more about this in a future post. I think it's one of the coolest things that no other perps platform can do. And it is only possible because Phoenix is fully on-chain.
There are 2 questions I get asked often that I often find challenging to answer:
1. Why does it matter that Phoenix is fully on-chain?
2. Why should I trade on Phoenix over [X]?
Here is my definitive answer.
Being on-chain gives Phoenix access to Solana's capital, users, and liquidity in a way no off-chain venue can. Most people think that Phoenix is the exchange and Solana is the infrastructure platform, but they have that backwards. Solana is a programmable exchange, and Phoenix is infrastructure that taps into everything Solana offers. You shouldn't trade on Phoenix; you should trade on Solana, because Solana will be the decentralized protocol that houses the world's financial assets. Phoenix is simply the best window into that on-chain future.
This is how the composability thesis will finally play out, a couple of years late.
Solana's game is mostly rigged (imho). Validators sell orderflow, landing providers sell orderflow, launchpads sell orderflow .. and everyone else with any distribution moat. You should start by convincing someone to smuggle some orderflow for you (for a decent commission ofc) or just don't bother at all. The effort to payoff ratio is too undesirable.
I’ve been stuck for close to a week trying to scrape documents for coinbase’s ridiculous sign-up vetting. “Regulations require us to collect some additional …” piss off
some 24hr stats to commemorate pumpfun's rise from the dead. around 65000 tokens have been deployed in the same timeframe.
the scales we're looking at are:
- backruns -- the buy tx is exactly behind the deployment one
- within the same slot
- within 1/3 slot(s)
all deployment shenanigans get increasingly frequent with the rise of the seed amounts (up to an extend)
the top backrunners (ones that have landed 100 or more backruns in the last 24hrs) have surprisingly high -- >80% -- landing rate if the sole goal was to backrun (or low depending on ur assumptions as far as orderflow crime goes)
top 15 backrun wallets:
wallet n_backruns
2aBgJZa6T6dRRSKkNpMDwTGH8dejaCjHbxuq3wqB6een 202
tQi75x9GeqsDeFdPVdwn6fwfiNLog53STe56Wjt4MVj 184
AHsdm6ebB7m8ezKwq56QnWJffgjPeJ5aQaWxtJqWhCTe 159
CC3LrTZiw5HpEkUhLWWLw4VwLTsmUXBK1KoWZgg52rno 124
9W2JNrQtT9Gp6HfoZAd7xTvpWNPg3pPzM8Ju8e9p5jp3 120
5c5WNCnQnPkWAQcwHcm4x2R4JX9sV8YL4BiDEZ5fKqCd 113
6VNAfzQKMWvqRimbSzLDf68wC6yjvW5yLn9vteZN7TQJ 109
BoncsY5mBXqL2p1TMyRJYxPGgibnfritfb6oHUZFCony 109
FYEHrNCwB1XUrAijEwEXQyjaCT4Ce2NxyDdagcNs1D77 107
HkEgHNEDmcuqHQJkdwFP8Scd5YL65ym6NBVPxSfKo4ND 98
g49wRsbdDm3MJUhmrgF6zqV1GvUr5S6ebTrdrUzp5J6 92
8JLEWDyq4zZhLC5wQFR7yFkHEBgoZVm1XGYwEDeLbdby 88
3Lrr85rAx3S3hPSdmioRk1cC3Z47aoqZhyWkfPHwuZSJ 87
FAHMvDeWBEBe6fG653ChW7suaLVMQboS3hiaNqpejuBF 75
9UGNAQWB5TtdU8zJ9oSuuDbwfRx3VLcCi7Du72mcbmwi 75