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Did you know that @PharaohExchange is now handling 27% of all 24h onchain volume on @avax ?
As mentioned before, Pharaoh will become a liquidity blackhole for the Avalanche ecosystem. It will cause mass migration of capital from other chains/dexes.
There are four reasons for this imo:
1. Its a ve(3, 3) model exchange. They have been proven to be superior when it comes to sticky liquidity
2. It has been adapted to be ultra-hyper efficient with its unique incentive mechanisms. The tighter your liquidity, the higher the incentives.
3. It uses the Univ3 codebase which has been battle tested for years so no risk of hacks making it completely safe
4. Pharaoh allows you to use legacy pools and list in a permission less manner while also leveraging vePHAR voters. Whenever a project is ready they can flip the switch to get a voting gauge and take advantage of bribes and emissions.
As a result of the above, new projects on Avalanche like $KET, $AI9000, and $VELAI have launched using the Pharaoh exchange.
In addition to the above, more projects are on the pipeline and Pharaoh v3 its also on its way.
It has never been a better time to jump on the $PHAR train 🚀
Where is the write up on the highest performance Firedancer load tests?
I may not be fully up to date, but the latest I read was their performance test write up here: https://t.co/hdiMcZvrSx (fantastic writeup btw).
Firedancers caps out at 91k TPS for a sustained workload with >99% of time spent on storage (bottlenecked by storage as @kevinsekniqi mentioned).
100% agree with you that there's significant room to improve storage at multiple levels (QMDB, Firewood, Project Hamilton even replaced RocksDB with custom 2PC to go from couple hundred thousand TPS to couple million TPS for single node system).
The 250k TPS number comes from disabling storage to measure performance if it were not the limiting factor (would love to read the latest writeup on 1m TPS if this Firedancer doc is out of date).
This matches every other high performance, single chain load test I've seen after removing bandwidth as the limiting factor (using decoupled tx dissemination or Solana's Turbine).
After that, the bottlenecks are storage (as the Firedancer benchmark mentions) or the parallelism of the workload itself (more frequently ignored) ie. are you executing 1m conflict free txs or 1m dependent txs that must be executed serially.
Here I go again:
@PharaohExchange bribe efficiency is currently 0.3 but what does it mean?
It means $vePHAR is earning so much more than liquidity providers it's absurd lol. Usually these indicators are seen by investors and know that $vePHAR is the play but it's not happening👇
Real builders are choosing AVAX.
Builders with prior multi hundred million dollar exits are choosing AVAX.
Builders with deep ties into the traditional financial world are choosing AVAX.
Real solutions to real problems require AVAX.
Lets take a look at which American coins haven't had insane pumps yet this cycle... $LINK and $AVAX.
Do you want to buy high and sell low with the others?
Or do you want to be rich?