Sector📊 | Slice
Sector📊 | Slice
SOL+0.37%
RAY+0.28%
USDC+0.03%
The first participant on @JupiterExchange's new DTF platform has been announced: @humidifi_ Let's look at the @solana DEX data 🧵 Humidifi is now the best priced venue on Jupiter for 47% of all trades based on routing market share
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A very rough revenue estimate can be inferred from typical market maker behavior. Prop AMMs perform very well during high volatility RE: Oct 10 Crash Check out benedict's pnl analysis for more insights:
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benedict
benedict
pt. 3 dark amm oracles the key innovation of dark amms is that the oracle updates are 100x less compute intensive than the swaps. dark amms are designed so that the market maker can push quick updates to their internal pool parameters (pricing functions) many times a second
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The beauty of Prop AMMs is how fast they can update pricing curves, more than 70 times per second. This allows pools to operate with very little active liquidity. Humidifi is currently at 889x capital efficiency vs 7x for the leading traditional AMM.
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Humidifi has captured ~30% of @solana DEX volume in just 5 months. This growth is a combination of best execution pricing + working with aggregators like Jupiter to solve distribution. Jupiter gets better prices and Humidifi gets users, win-win.
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Since prop amms use their own liquidity there is currently no way for users to get exposure to the new amm class. Humidifi's ICO is the first opportunity presented. Oh and they're also dominating the prop AMM sector with 75% market share.
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