1) Slowly, then all at once 
2) NOT INVESTMENT ADVICE
3) Often, we move step by step.
We'll add another future, or clarify some part of the UI.
No one batted an eye when ftx.us listed ftx.us/trade/YFI/USD last week.
We'll add another future, or clarify some part of the UI.
No one batted an eye when ftx.us listed ftx.us/trade/YFI/USD last week.
4) Or when the KYC process was simplified a bit.
Did anyone even notice the updates to the EUR SEPA deposit form on ftx.com/wallet?
Did anyone even notice the updates to the EUR SEPA deposit form on ftx.com/wallet?
5) There's an upgraded DEX rolling out on Serum this week, and the staking/lockup program is nearly live: project-serum.github.io/serum-ts/stake…
You can test it, if you want. If you read the code, you might notice support for arbitrary SPL tokens!
You can test it, if you want. If you read the code, you might notice support for arbitrary SPL tokens!
6) I tweet a lot, too, and usually it's semi-random, prompted by whatever was on my mind.
Collecting, processing, and sharing information, bit by bit.
Collecting, processing, and sharing information, bit by bit.
7) But, sometimes, there's a larger arc. Sometimes we telegraph it; even when we do, it often falls on deaf ears.
https://twitter.com/SBF_Alameda/status/1321738815443095552
8) FTX has grown a ton over the past year: it's now trading $5b/day, and it's been weeks since a day where BitMEX had higher volume.
It's ready, as a product, to be more widely exposed.
But that's a story for another day.
It's ready, as a product, to be more widely exposed.
But that's a story for another day.
9) Today I want to talk about Serum, and where it's come from, and where it might go.
10) So what _does_ Serum have?
Well, it's on Solana.
Solana can currently take about 50k tps, and can stake to 1m+ over the next year or two.
And that's important! Because the next thing Serum has is a DEX.
Well, it's on Solana.
Solana can currently take about 50k tps, and can stake to 1m+ over the next year or two.
And that's important! Because the next thing Serum has is a DEX.
11) Lots of people are hosting GUIs on Serum DEXes: serum-academy.com/en/dex-list/
And they're all fully on-chain, orderbooks and all.
Solana has only been live for about a year, and it's already set the historical record for transactions.
And they're all fully on-chain, orderbooks and all.
Solana has only been live for about a year, and it's already set the historical record for transactions.
https://twitter.com/Coin98Analytics/status/1353701319383478273
12) In fact the Serum DEX alone, in the last 6 months, has processed more transactions than Ethereum has in its entire history.
(Which is also why ETH2.0, rollups, and other scaling solutions are potentially huge!)
(Which is also why ETH2.0, rollups, and other scaling solutions are potentially huge!)
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