Big week for @DriftProtocol

I recently discovered @jacksondahl's podcast and I'm so happy to hear these thoughtful conversations...a new fave

Drift volume has 10x’d over the past few weeks. We’re regularly clearing over $800M a day, with open interest >2x to $400M, making us the second largest perp DEX by OI. What’s been happening under the hood? 1. Our protocol-owned AMM is now highly competitive. There’s been a lot of work done on AMM liquidity and natively on-chain market makers, and the numbers are speaking for themselves. AMM fills have gone from under 30% to 70% of all fills on Drift. This confirms what we’ve believed for a long time: on-chain coded matching logic can outperform traditional CLOBs. The average fill on majors is now just 1–3bps which is CEX-level liquidity, all on chain, all on Solana. 2. We’ve started onboarding new market makers and taker firms We've already onboarded 10+ new trading firms and are onboarding more MMs as we speak. Even after launching our zero-fee BTC campaign, usage across fee-paying markets has grown, and protocol revenue is trending up. All this has led to tighter spreads, better fills, and just more activity across the board. If you’re a trading desk/MM, now’s the time to be on Drift. 3. Our OI metrics are showing true retail activity, not just taker volumes The strength of our Open Interest ($400M+) isn’t just driven solely by takers playing zero-fee markets. It's showing real, sticky retail demand, with a growing user base that is using the platform at scale. 4. Performance upgrades on the product Behind the scenes, the team’s been heads down on product performance. We're actively testing auto-confirm on @phantom, reworking our onboarding to one step, building a cleaner mobile web UX for @Phantom, @solflare, and , users. We have also been keeping our ears to the ground and are continously responding to every single user's feedback. All to achieve a simple goal: make Drift the fastest, smoothest trading experience in DeFi. And there’s A LOT more coming: • Isolated perp positions support in a single sub-account • Take profit / stop loss upgrades • A compute-optimised MM oracle built specifically for our AMM • Drift Builder Codes: revenue sharing for ecosystem partners • Drift Foundation’s Builder Fund: grants and support to accelerate mobile frontends • Drift Liquidity Provider (DLP) token, giving users a way to earn yield by supplying liquidity to the protocol Everything is compounding. We’re building the most performant on-chain exchange and it’s already starting to show in the numbers. We'll keep pushing because we’re not here to be second best. Floodgates will be opened. We are in wartime mode. We will be #1.

increasingly important to turn up the dial on what goes in (she says while on twitter)

so sick - @merit_systems terminal is live

Priority Blockspace for Humans is live on World Chain. Introducing a new dimension of transaction ordering: humanness. Only possible on World, the real human network.

When we first backed @eigenlayer, our thesis was always that it would help accelerate the adoption of crypto as humanity’s coordination layer. With the launch of EigenCloud, it will be easier than ever for app developers to apply crypto’s core guarantees—trust and verifiability—to whatever they are building, whether that is on or offchain. By providing cloud-grade programmability and crypto-grade verifiability with simple devex for building apps, developers of everything from LLMs, and agents, to social media and apps managing sensitive data—all domains where trust and verifiability are increasingly important—can now prove that the correct computation happened, why it happened, and when it happened. Not only is this massive for the @eigenlayer ecosystem, we believe that EigenCloud has the potential to help shorten the timeline for mainstream adoption of crypto as well, and there is no better group than @sreeramkannan and team to bring this vision to life!

thoughts on shopify x stripe x coinbase deal: - shopify users will be able to access wallets (opt-in for now). That's close to 1B people that can start touching stablecoins, arguably the biggest onramp we've seen to date - stablecoins will be pulled (rather than pushed) towards B2B2C commerce use cases. until now it's largely been dollar access, global transactions, and a lot of B2B or P2P - 32% of ecommerce shoppers in the US have purchased from an international vendor. stables could easily become the default for those shopify stores - shopify is arguably THE market leader when it comes to ecommerce trends. Every competitor will follow suit on deploying stables or launching their own - once users try USDC, and realize they may be able to access features like yield, it's a one-way valve

we're exploring to we're buying pipeline just exploded 🙌

can we stop calling revenue a meta please