John Hash retweeted
Our mission at @ellipsis_labs is to build the best on-chain markets.
Today—six months to the day from launch—I'm excited to reveal we are the developers of @SolFiAMM.
SolFi has serviced over 100 billion dollars of trading volume on the most competitive on-chain markets.
Concise and apt refresher on the loss created by tariffs
Why do Domestic prices rise with tariffs?
It's not primarily because of "reduced competition."
Get the deep truths here.
marginalrevolution.com/margi…
Tonight and in the coming months, be careful what you read and believe online. Verify, verify, verify. And if you don't have time to verify, assume its false.
Our adversaries overseas want to divide us because it makes us weaker. Don't help them.
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John Hash retweeted
Stablecoins are room-temperature superconductors for financial services. Thanks to stablecoins, businesses around the world will benefit from significant speed, coverage, and cost improvements in the coming years. Stripe is going to build the world’s best stablecoin infrastructure, and, to that end, we are delighted to welcome @stablecoin to @stripe.
Bridge is joining forces with Stripe!
I’m incredibly excited
We started 2.5 years ago and we’ve done a lot since then :) We’re going to do a whole lot more in the years ahead. This is an important milestone, but we’re still at the very beginning of the Bridge journey.
We started Bridge because we thought stablecoins could become a core, global, regulated payment platform. Our first year was hard. The digital asset space was in turmoil. We struggled to find partners / customers.
We launched with our APIs in March 2023.
After launch, we quickly saw inbound interest from cross-border payments companies. People talked about stablecoins for x-border money movement, but we didn't understand the space or need.
These developers onboarded, showed us what was possible, and Bridge quickly started to scale.
After that, we had government entities onboard with us to disburse aid, fintechs build US dollar-based savings and spending products, SpaceX to manage their global treasury, and many others.
Our belief that stablecoins could be a new payment platform started coming true. Developers worldwide were dreaming up new stablecoin-enabled financial products and coming to Bridge to bring them to life. And each new use case was larger than all of those that came before it.
Today, we’re moving many billions in payment volume. Our business has grown >10x this yr. But more importantly, we’re now helping 100s of developers all around the world. And their products are giving millions of consumers and businesses more economic choice.
A lot has changed (and improved) over the past 18 months. But we’re still incredibly early.
Stablecoins represent an entirely new payments platform. Realizing the potential of this platform will be a decades-long journey.
As we’ve gotten to know the Stripe team, it’s become clear that we both share a vision for what’s possible with stablecoins and an excitement around the opportunity to create and build this future
Stripe operates globally and understands better than almost anyone the problems created by our existing localized payment systems. Our teams share an excitement about stablecoins and vision for how to maximize their impact.
Together, we’ll be able to solve bigger problems, support more developers, and help more consumers and businesses all across the world.
We built Bridge to solve our most vexing global financial challenges; to pull a more connected world forward; to give everyone more economic choice.
We’re thrilled to be joining forces with Stripe to fully realize these ambitions.
Full blog post here --> xitter.cf/Stablecoin/status/1848…
John Hash retweeted
Very easy way to improve the quality of your work: whenever you put up a PR, take a few seconds to skim through it yourself just as a reviewer would (i.e., in the GitHub UI). I find a surprising number of small issues this way that never stand out in the editor.
John Hash retweeted
Kevin Durant, on patriotism, and playing for Team USA:
“A lot of bullshit happens in our country. But a lot of great things happen, too.”
John Hash retweeted
🚨JUST IN: @PhoenixTrade, a decentralized limit order book on Solana, surpassed @RaydiumProtocol to become the second-largest DEX on Solana by 24H volume, hitting over $1B in trading volume for the first time.
John Hash retweeted
😲 24h volume: $1.4b across all markets
Still unincentivized, still on-chain, still powered by sophisticated, profit-seeking market makers competing to provide the best price to users.
And still a long way to go.
John Hash retweeted
A SANDWICH-RESISTANT AMM
In this post, @jarxiao, @FrankieIsLost, @0xShitTrader, and @danrobinson introduce an AMM design that protects swappers from frontrunning attacks. This is an application-layer mitigation to atomic sandwich attacks.
Really proud of the foundation we built as a small team and excited to keep cooking with this group to create a better financial ecosystem.
Interested in what we're up to next? Come talk to us!
jobs.ashbyhq.com/ellipsislab…
1/ We're excited to announce our $20M Series A led by @paradigm, to further our mission of building a sustainable DeFi ecosystem.
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John Hash retweeted
Thanks for having me on the podcast @Austin_Federa!
What still excites me about crypto is that it presents an opportunity to not just disrupt but reinvent the way we do finance in the real world. It's a high-impact bet on making global markets more transparent, open, and free.
Level Up. Go Crankless.🔥
This week on @ValidatedPod, @Austin_Federa is joined by @jarxiao of @ellipsis_labs. They dive into @PhoenixTrade, exploring its design, the benefits of crankless DeFi, the importance of high throughput and low fees for onchain orderbooks, and more.
📺Watch: youtu.be/DhvbWP1RE0w
John Hash retweeted
I know that we've turned capital efficiency and TVL/Volume into a meme at this point, but you have to admit that this is really cool.
@PhoenixTrade has done >100M in 24 hour volume with <3M in TVL 🤯
$100M volume week for @PhoenixTrade 🫡
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An open ride share product that benefits all stakeholders (drivers, riders, etc.) instead of only shareholders. Excited to see what @paulbohm & team build from here and for the first city to launch.
Here's a referral key if you want to check it out.
app.teleport.xyz/rider/refer…
📱The Teleport app is now available in the iOS App Store. Download it today! apps.apple.com/us/app/telepo…
🚗 Teleport is the first mobile client for The Rideshare Protocol (TRIP). Read more about TRIP in the litepaper: trip.dev/
🔑 Teleport is invite only. You will need to find a referral key to get in. Ask others who are already invited for a code with hashtag #teleportme on Twitter.
🤝 Once you’re in, refer your friends & get rewarded each time your referral takes a ride. We suggest sharing your referral on Twitter using the #teleportme hashtag.
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John Hash retweeted
fully onchain CLOBs are one of the designs only possible on solana, given low cost + high tps
listened to jarry talk at breakpoint in lisbon last year, before ellipsis I believe he worked on the standard for compressed NFTs
sol defi has a *lot* of strong teams now
































