Indexed Podcast

In today's episode, we dive deep into Solana’s PropAMM landscape and the battle shaping onchain market structure.
We discuss:
  • What PropAMMs are and why they’ve taken over Solana spot liquidity
  • How gas economics shift costs from makers to takers
  • Latency games, flashing, and spoofing tactics
  • Execution quality vs oracle pricing
  • Why onchain price discovery is still lagging
  • Binance vs PropAMMs vs true decentralization
  • The role of Solana’s scheduler, priority fees, and compute units
  • Why PropAMMs dominate spot but struggle in perps
  • The case for continuous order books
  • DoubleZero and private fiber networks
  • Building Blink: a neutral, price-discovery-first venue
  • The future of fair and verifiable crypto exchanges
And much more—enjoy!
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Timestamps:
(00:00) Introduction
(01:07) What is Blink?
(04:07) Crypto market structure problems
(10:46) Binance vs decentralization spectrum
(22:10) PropAMM gas advantages
(32:37) Latency and order flow
(39:26) Spoofing and flashing tactics
(1:03:27) Solana PropAMM efficiency
(1:04:25) Blink tech stack
(1:06:13) Spot vs perps limits
(1:07:26) Continuous order books
(1:10:33) Outro
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Content links:
https://dune.com/the_defi_report/prop-amms
https://x.com/moonshiesty/status/2019803058750824710?s=20
https://x.com/moonshiesty/status/2041266918015803661?s=46&t=CgOOIjEz_uRbAZFFRLsgAg
https://x.com/jump_/status/2044494127367135386?s=20
https://0x.org/post/propamm-shenanigans
https://www.helius.dev/blog/solanas-proprietary-amm-revolution
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The Indexed Podcast discusses hot topics, trendy metrics and chart crimes in the crypto industry, with a new episode every 1st and 3rd Thursday of the month, brought to you by wizards @hildobby @0xBoxer @sui414.
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DISCLAIMER: All information presented here should not be relied upon as legal, financial, investment, tax or even life advice. The views expressed in the podcast are not representative of hosts' employers views. We are acting independently of our respective professional roles.

Creators and Guests

Host
Boxer
Wizard relations @DuneAnalytics. The data must flow.
Host
danning.eth⚡️🤖
financial nihilist. mev-thirsty. data @ Flashbots. host @indexed_pod. council @thelatestindefi. previously data @0xProject @ConsenSys.
Host
hildobby
data @dragonfly_xyz / host @indexed_pod

What is Indexed Podcast?

Hi! 👋 We are 3 data nerds here to chat trendy metrics, chart crimes in web3. We hope to bring you deep dive of the topics with data-driven insights, and bring more transparency to the crypto industry! Let us know your opinions under each episode, and the topics you'd like to hear from us!

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Danning: https://twitter.com/sui414

And our website: indexedpod.com