In this episode of Lightspeed, Jack Kubinec and Carlos Gonzalez Campo discuss recent news and trends in the Solana ecosystem and the broader crypto market. They begin with the potential approval of Solana ETFs, discussing the SEC's engagement with prospective issuers and the possible impact on market inflows, comparing it to Bitcoin and Ethereum ETFs. They also touch on the rise of public crypto vehicles as an alternative investment option. The conversation shifts to CLOBs (Central Limit Order Books) versus AMMs (Automated Market Makers), highlighting the technical challenges and potential benefits of CLOBs on-chain, particularly in the context of Hyperliquid's success. They analyze the competitive landscape of DEXs, focusing on Radium's declining market share and the strategies of platforms like PumpFun. Finally, they discuss stablecoins, the Circle IPO, and the potential for banks and other players to enter the stablecoin market, emphasizing the growing investor interest in stablecoin exposure.
