.@StellarOrg just hit a new sustained throughput record Stellar averaged 211+ TPS across 100 consecutive blocks For a network built to move money across borders, keeping the pace matters 🌍 📊 chainspect.app/chain/stellar

I agree: MEV is dead on @solana. I read and reacted to @buffalu__ article over a month ago, but it gave me a lot to think about as the CEO of one of the largest MEV data applications. After going through the opinions of traders and companies over the past month, I realize that MEV is still very often associated with sandwiching, mostly because the topic is misunderstood. If we exclude all the malicious parts of MEV, what is the concrete idea behind this practice? The idea is to monetize transactions. Nothing more complex than that. Most of the time, the expected monetization from MEV comes from arbitrage between DEXs. This practice is profitable for the arbitrager, but it also makes the market healthier by bringing the quote you see on your frontend closer to the actual execution value, meaning the real amount of tokens you will receive. In arbitrage, we need to clearly distinguish between several practices: - Spam: on-chain computation, not the most efficient for the chain - Shreds: off-chain computation, moderately efficient - Orderflows: off-chain computation, extremely efficient But we have the same problem with the word "Orderflow". It is the most efficient and healthy approach for the market, but people assume orderflow is a bad practice because it is often associated with sandwiching. There are already companies in the market representing around 35% of generated revenues. I won't name them in this tweet, but looking at Circular's top 10 makes it very easy to understand (one of them does not use Jito because they are a direct competitor 👀). Today, 35% of revenues are generated through orderflows. Which means 65% of revenues are still generated through shreds or spam. My opinion: no clear leader has emerged, and there is no solution that everyone knows, for several reasons: - The use of the word "MEV" - The use of the word "orderflow" - The fact that these players want to stay in the dark, fearing a bad image and the loss of customers After considering all these factors, and coming back to the article, I decided that with Circular, we are going to build a layer. Death to the terms "MEV" and "Orderflow". If the only purpose is to monetize transactions in a healthy way, why not call it exactly what it is? A monetization layer. Healthy. Clean. Transparent. Without harmful behavior for the chain. At @Circular_fi, we want to create the first Solana transaction monetization layer, giving full traceability to flow providers while also making it accessible to everyone. Everyone should be able to monetize their transactions. Validators. Wallets. dApps. AI. Traders. If this monetization layer had existed in early 2025, we could have already redistributed over $1 billion to flow providers. But our goal is not only to receive transactions earlier than the rest of the network simply to get an arbitrage hedge. Our goal is to build technologies on top of this hedge that will benefit the entire ecosystem. The ultimate goal? To use our monetization layer as a prediction layer, allowing us to build the most powerful and trustable aggregator in the ecosystem, giving traders the ability to truly get the most optimal quote and execution possible. That is possible. We're going to do it. Accelerate.

What's that saying about trying every bad solution before stumbling on the right one? Keep trying guys. Sorry to interrupt the party, but Stellar is not a legitimate blockchain and does not offer any of the guarantees of a good one. There is no economic security, just a fantasy about "overlapping quorum" among disparate slices. It's BFT with a built in assumption that generals from different countries will magically agree on everything forever. I'm not surprised DTCC would go this route, since Stellar's design allows them to maintain control and pick their counterparties. But that's why it'll fail. I'd call this announcement innovation theater but it's not even innovative, Stellar has been around a decade and achieved nothing. Anyway, you may now return to your Suit Simp celebration.

Introducing Constellation: a multiple concurrent proposers protocol for Solana. With proposers operating on a 50ms cycle, Constellation gives Solana the fastest protocol enforced economic tick rate of any blockchain.🧵

20 days ago a fresh wallet received $50.4M USDT from Binance. Just a bit ago, they swapped the entire amount for 327 AAVE worth ~$36K routed through CoW Protocol via Sushiswap. They paid $154K per AAVE. In the same block, an MEV bot immediately flash borrowed $29M WETH from Morpho, bought AAVE via Bancor @ fair value, and dumped the AAVE into the Sushiswap pool, repayed the flash loan, and pocketed $9.9M.

A trader swapped $220,000 USDC to USDT and only received $5,000 because he got MEV'd

6/9) These breakdowns are all based on objective metrics: Permissioned = centralized. -100 validators = Mediocre. 1k+ = decentralized. 10k+ = Highly Scalability: -1K TPS = Lacking. -10K = Mediocre. 10K+ = Extreme Speed: 10sec+ = Lacking. +2sec = Mediocre. Subsecond = Extreme

We asked @hosseeb of @dragonflyvc if he thinks the top of proof of stake is in. "We're probably going downhill from here." "Staking mania was definitely a little bit of an illusion." "This idea that you're paying for security is kind of a meme." "This kind of economic fiction, I think, had to go away at some point."