@airtightfish Something not common here but this is what trads do often
Support price, be present when cheap esp when there are capitulations, but not drive an artificial rally that is just likely to reverse and hurt price chasers. Onto something.
Happy 5th birthday Solana fam! π₯³
408+ billion transactions.
1,300+ validators.
$987+ billion volume.
Thank you to all the relentless founders, devs, and nCMOs around the globe who have made Solana what it is today β 5 years in, we're just getting started π
Markets used to pull me between hysteria and doom-focus. This makes portfolio management impossible. More than a decade as a trader has taught me that emotions are costly. Many get wrecked by ignoring their own rules. In the end, risk management matters more than oversized gains.
CEXes have always had faster execution by nature, and while Drift was already fast, traders are all about speed. Speed is opportunity and cost.
Trad institutions and hedge funds spend millions to co-locate their servers near the exchange data centers - this saves them milliseconds in valuable trading time. Faster fills = better pricing, fewer stale quotes, and lower slippage.
This just goes to show how important the Swift upgrade is to onboard even more traders into Drift. This closes the gap significantly vs CEX. Now traders like myself can trade on SOL faster and with better pricing, without sacrificing what makes SOL great.
A great day to be a Driftoor for sure.
Introducing Swift Protocol β the biggest liquidity upgrade to Drift since launch
Swift Protocol aggregates liquidity to give traders the best onchain execution.
Faster fills, lowest slippage and gasless trading β only on Drift.
IBRL