animol

Leveraged Long @bulletxyz

[animol @PDAnimol]

price discovery dominates on a venue a few things come together:

1. performance - how quickly can the information update
2. flow - are there enough participants to keep players honest
3. assets - the relevant assets need to exist

atm it still sits on binance for crypto, but dexs are winning at listings and are building meaningful liquidity. performance is needed to actually step ahead. Bullet sub 1ms.

[Arrakis @ArrakisFinance]

https://t.co/E8muV08EZz

[animol @PDAnimol]

we’re at an inflection point.
onchain products are starting to pull in non-crypto users. prediction markets show that.
as perps expand into commodities, equities, and RWAs, this flow accelerates.

[MONK @defi_monk]

https://t.co/apshnc9oOr

[animol @PDAnimol]

https://t.co/PjiXKmjv88

[animol @PDAnimol]

Feels good to be trading on our own platform once again.

Bullet time.

[kwantical @kwantical]

𝗧𝗵𝗲 𝗻𝗲𝘅𝘁 𝗯𝗶𝗴 𝗦𝗼𝗹𝗮𝗻𝗮 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝗵𝗮𝘀 𝗮𝗿𝗿𝗶𝘃𝗲𝗱

Over the years lots has happen in the blockchain world, product wise.

If I had to say, and even tho i hate talking about cycles (such an absolute view to have), last 2 cycles had two disticnt metas, at least on solana.

Nft from 2021 and 2022
Launchpad from 2024 and 2025
Bullet is whats next. Its here and its not cycle dependent.

Perps trading is the most blatant and prolific use case. The only product so far that actually stood the test of time. And yet, it doesnt find pmf on the solana layer.

Solana despite being by far the most used chain, it stills falls behind in terms of perp volume.
Low fees and fast transaction times has propelled solana to escape velocity.
Its the leading ecosystem in most metrics.

One significant metric it falls behind would be perp volume.

Thats easily explained by the infrastructure itself. That besides being fast and cheap, its still hugely unreliable when it comes to such fragile instruments such as perps trading.
Speaking off, there is multiple solutions/upgrades being made in the solana roadmap in order to mitigate the issues that makes the chain not optimal for perp products. Blockspace, reliable fees market etc.

However, this doenst make it more resilient for this specific use case. It just makes it less fragile

𝗕𝘂𝗹𝗹𝗲𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗮𝗻𝘁𝗶𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻.

Leverages the best of solana while being capable of giving the absolute certainty, that perps absolutely need, thanks to developed cutting edge infrastructure. Built from the ground up, with a porpuse on scaling perps trading well beyond what any successfull roadmap on the mother chain would be capable of.

Limiting what bullet, as a infra can be capable of, to only perps, would be making it a disservice. It is the de facto infrastructure to launch products, systems and whatever is that needs absolute certainty, block inclusion, and realiable fees market, that the voltality of other layers cant possibly give. Not now and not in the future.

There has been multiple catalysts over the years on the sol layer. I will hihglight two of them below. A failed one (if we could call it that) and a successfull one (so far)

𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟭: 𝗡𝗙𝗧 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗹𝗮𝗰𝗲.

Back in 2021 and 2022 the nft bubble was in full swing. Eth had established itself as being the place where all the action was happening. The chain was slow, gas fees were regularly above 3 figures and sometimes even 4 figures. Not to mentioned the failed transactions.

Solana was still yet to gain escape velocity as the retail chain

Nfts on solana arrived a little late. But with a great business proposition. You pay 1/20th of the gas vs eth, while being 20x faster. But there wasnt really a pmf for solana nft’s.

One could think of mintin on the solana chain as being advese selected.

The fact that a mint was unchallenged, cheap and fast, meant there was no competition around it.

Getting your transaction to go fast and snipe a mint on eth mainnet was a skillset. Gas being expensive added to the benefit. It purposedly leaves out a bunch of the competition behind and unnintentionally marks up the price when selling the nft later.

"I did all this work to buy it, i better sell it for a lot"

While in solana things were fast, cheaper and because of that, and all of the above, less desireable.

A lot of the intrinsic value of a nft was on all the jumps and hoops one had to make. It was never about the art. Shocker, ik

Solana arrived late and on top of it, didnt have a lot of that intrinsic value. It undoubtly failed.

𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟮: 𝗣𝘂𝗺𝗽𝗳𝘂𝗻 (𝗹𝗮𝘂𝗻𝗰𝗵𝗽𝗮𝗱)

By the time pumpfun launched, solana had already established itself as the consumer chain.

More active addresses and transactions vs its rival Ethereum.
This could be easily explained by the easy of access of each chain so i wont put much weight on this particular statline (Eth for example had way bigget tvl)

Lot of influenzas launching their coins via pre-sale before we even know what a launchpad was. Pump fun tapped into this demand and knocked it out of the park.

It directly influenced all metrics. To quote alon: “the #1 destination for non-crypto native users across all chains”.

Its a winner.

It has found success, perhaps, by the same reasons the nft markets didnt. Which is the ease of access.

𝗪𝗵𝗶𝗰𝗵 𝗹𝗲𝗮𝗱𝘀 𝘂𝘀 𝘁𝗼 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟯: 𝗕𝘂𝗹𝗹𝗲𝘁. 𝗧𝗵𝗲 𝗳𝗶𝗻𝗮𝗹 𝗯𝗼𝘀𝘀 𝗼𝗻 𝘁𝗵𝗲 𝘀𝗼𝗹𝗮𝗻𝗮 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻

Perps been around for so long that its fkin bonkers it hasnt found a good ground floor on the solana layer.

Bullet answer to tackle this problem is pretty simple, in theory. Leverage the best tech in the industry all under the same hood.
With huge focus on being crypto aligned, bullet went one step further and integrated the very finest tech that already exhists in the space.

Using zk proofs, Celestia data availability and Solana security, decentralization and settlement, all working in this symbiotic relationship inside the specific, built from scratch, network extension designed to circunvent all the fragile solana characteristics.

- NFTs failed because it was a bubble. And the chain was almost too good for it.

- Launchap succeeded because infra tech is perfect for it + huge access to users and liquidity

- Perps havent succeeded because tech isnt good enough. Its too fragile.

This is what bullet fundamentally changes in the solana world. 𝗧𝗵𝗲 𝗮𝗻𝘁𝗶-𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻

Bullet time 🚄

[animol @PDAnimol]

so it begins, mainnet is here. sub-ms trade execution, 30,000 orders per second, the foundation to expand across every trading primitive. a layer built for trading.

[Bullet @Bulletxyz]

Perps Trading on Solana is about to change for the better.

Mainnet is live.

Here's how you can get in early 👇

[animol @PDAnimol]

https://t.co/44mfUXIIHd

[animol @PDAnimol]

https://t.co/jH45mZSd9j

[Bullet @Bulletxyz]

The “all-in-one trading infrastructure”.

Get ready to experience Bullet.

[animol @PDAnimol]

https://t.co/PNCezA2nsR

[animol @PDAnimol]

it's been a long journey but excited to finally get bullet into your hands! come find us a breakpoint

[Bullet @Bulletxyz]

Birth date: 11th December

Find us at Breakpoint @SolanaConf for exclusive access to mainnet.

The journey of it all 👇

[animol @PDAnimol]

excited to show you what we have been up to

[Bullet @Bulletxyz]

The event to end off the year.

December 11th.

Trading Lounge at @SolanaConf, co-hosted with @AphelionTrading.

Sign up now, link below 👇

[animol @PDAnimol]

Over 4 years of building and fine tuning onchain markets... @bulletxyz encapsulates everything we've learned and seen

[Bullet @Bulletxyz]

https://t.co/BmiKGlPDSk

[animol @PDAnimol]

From first principles, a network for trading.

[Tristan @Tristan0x]

With mainnet reaching feature completeness, here's the primer on why we started @bulletxyz and how perp trading is coming back in a big way to Solana 🚅

[Bullet @Bulletxyz]

Stay tuned for our founders livestream which will start a bit later than scheduled at 9:15AM ET 🔥

[animol @PDAnimol]

@semicondurian thank you. day 1 till now its been great going down this parallel journey with you.

[animol @PDAnimol]

https://t.co/zBcIVZuUAe

[animol @PDAnimol]

a sign of markets maturing, the winners will be so much bigger with staying power.

[Aylo @alpha_pls]

Had this in my drafts and forgot about it...

The old crypto is dead.

It has taken a long time to finally arrive at a place where almost everyone who has spent some time in crypto is unwilling to hold tokens with no underlying fundamentals/credible growth story.

Maybe this seems obvious, but for most of crypto's history we operated with massive speculative premiums. We had people that believed tokens with egregiously inflated valuations would/might justify their market caps one day with adoption.

Each "meta" has produced smaller and smaller combined market caps since 2021, because more and more participants are aware that printing tokens out of thin air with nothing of substance behind them will end in the token going to zero.

You can't reprogram the world to believe in worthless tokens. You can't go back in time and erase the memories of everyone that has seen every vaporous alt coin go to zero.

We now know what has PMF, and which categories are adding value to the world, alongside a heap of ideas that essentially went nowhere (it turns out you can't just disrupt web2 by handing out worthless tokens).

We have cycled through every experiment to cement the use cases of value.

From here on out you get the post 2001 Amazon type winners. You may even see speculative discounts on good projects with actual fundamentals right now/in the near future.

This isn't a bad thing for the industry, I think it is especially good for investors that will find it easier to allocate to clear long term winners... and I believe we will have some giant winners.

This is a bad thing for those who haven't made it/arrived late under the premise that they will be handed easy quick 100x opportunities, and "keep clicking".

It will be very difficult for terminally online crypto bros who have become addicted to fast money games. I think this cohort are going to get rinsed, and slowly lose their minds and all of their money (if they haven't already).

There are a ton of sophisticated/skilled market participants that solely exist now in crypto to extract from the online crypto bros who are unemployable and can't do anything else.

The odd win here and there will keep people playing a game that they will never escape.

The speed with which participants are trying to offload worthless tokens onto someone else, who is also aiming to offload worthless tokens onto someone else, will continue to accelerate.

Treating crypto as a get rich slow scheme is in fact the right move going forward.

It's the end, but it's also the beginning.

[animol @PDAnimol]

reinvest most of your money into yourself - wellbeing (physical/mental), tools that give you leverage, skills. everything compounds.

[Haseeb ＞|＜ @hosseeb]

Advice to men in their 20s:

1. Get better at speaking. Do embarrassing stuff like record yourself, Toastmasters, study good speakers and try to emulate them to try out their verbal techniques and see how they fit you. Charisma is the omni-skill.

2. Drink less, or not at all. It will force you to become a better conversationalist.

3. Buy art that your friends make and hang it on your walls.

4. Never lend money to family or close friends. Instead gift it to them, and if they pay you back, consider it a pleasant surprise.

5. Spend most of your money on experiences, not things.

6. Make sure your spending scales sublinearly compared to your income, and you will always feel rich.

7. Take a lot of risks. More risks that you think you should. When you're young, the downsides are never as big as you think, and other people's memories are short.

8. Every man is cobbled together from people they surround themselves with, both physically and mentally. Surround yourself with people you respect. If you never lose friends or never try to acquire better ones, you're doing it wrong.

9. Whenever you feel comfortable that you've made something of yourself, it's time to move on. Move to a bigger city. Try for a more prestigious company. Find the biggest games, and try your hand at them.

10. Say yes to every adventure, at least once. Your 20s are the only time you'll get to do that.

[animol @PDAnimol]

the shift from dated futures and options towards perps will be glorious. capital efficient, aggregated liquidity and simplicity.

[jez (equity perps era) @izebel_eth]

perps eating the equity 0dte option mkt is the single most reliable 5 year bet that you could make, and if i could figure out how to cleanly full port it i would