We couldn't be more excited to share our investment in @_bulktrade! Bulk is turbocharging Solana's trading ecosystem with a high-octane perps DEX, combining unmatched speed and design.

2) Stepping back, DeFi on Solana is truly growing at a breakneck pace. This year, we've seen the exponential growth of apps like @AxiomExchange, @Kamino, and @RaydiumProtocol. This is also made possible by the relentless wave of stablecoin liquidity entering Solana, now reaching > $10B.

3) Missing from this growth story, however, is a Solana perps DEX that rivals the quality and execution of Hyperliquid.

4) Over the past few years, we’ve seen a dramatic evolution of the perps DEX space on Solana. Early apps, like Mango, set the stage for a new wave of entrants, like @DriftProtocol, which prioritized speed, superior liquidity management, and composability with the whole ecosystem.

5) Yet, the biggest shift is that users are expecting much faster trading times. Bulk was built to support these demands and can scale as the need for more orders per second skyrockets.

6) Bulk offers a marquee consumer-first trading interface. Their architecture also supports 20ms block times, eventually 200k orders per second, no gas fees or bridging, and ultimately no single points of failure.

7) As founders, @kdotcrypto and @junbug_sol have proven to be superb contenders in this race so far and we're beyond thrilled to be on this journey with them 🫡