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avery.apt 🇺🇸
avery.apt 🇺🇸
Perps and prediction markets both price belief about the future. One settles continuously. The other discretely. Onchain trading will win.
avery.apt 🇺🇸
avery.apt 🇺🇸
Onchain trading will win. However, for years, the tech hasn’t been ready. That’s no longer the case. An amazing trading application like @Polymarket can be built completely onchain (i.e., matching, execution, and settlement all happen with no single point of failure, source-available deterministic ordering, and verifiable state) and scale to worldwide adoption with the @Aptos technology stack. Almost a year ago, we said ( that the world’s fastest, most scalable, lowest-cost blockchain infra would become the global trading engine and that many innovative advancements would be critical to make that happen. Many doubted it was possible. However, building a scalable onchain trading platform is no longer an aspiration. It’s in production today. * The first onchain CLOB to match CEX performance is now live with @decibeltrade. 33ms median block times in mainnet today and Zaptos optimizations in prod. No other onchain product comes close. * Guaranteed maker preference via re-ordered transactions ensures that tight spreads are possible even in the presence of toxic taker flow. This is live in the DLP vault today. * X-chain accounts are live and support importing and exporting liquidity from EVM, Solana, & Sui. * MEV protection protects traders from being front-run or sandwich attacked * Bulk trades ( mean makers can quote at rates>99% lower than those of any other on-chain infrastructure. Faster quoting, tighter quoting, better price execution. There are worlds of difference between a normal blockchain, a high-performance blockchain, and a global trading engine when it comes to onchain trading. A high-performance blockchain might be 10x more efficient than a typical blockchain infrastructure. Still, a global trading engine can be 100x to 1000x more efficient than a high-performance blockchain. Kind of like a single-core CPU vs a multi-core CPU vs an Nvidia B200. Let’s build the next generation of trading applications together on the right infrastructure @devjoshstevens. 💪

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