@A3x02@catoshi22@Bulletxyz The snapshot likely caps both the eligible holders and the maximum amount of $ZEX that can migrate, preventing post-announcement buying and the kind of migration arbitrage seen with $Aster.
That looks more like controlled supply management than proof of a rug.
@BruceWaynesctx@catoshi22@Bulletxyz The snapshot likely caps both the eligible holders and the maximum amount of $ZEX that can migrate, preventing post-announcement buying and the kind of migration arbitrage seen with Aster.
That looks more like controlled supply management than proof of a rug.
@Neov2mq The snapshot likely caps both the eligible holders and the maximum amount of $ZEX that can migrate, preventing post-announcement buying and the kind of migration arbitrage seen with $Aster.
That looks more like controlled supply management than proof of a rug.
Solana's Hyperliquid moment is here.
Bullet is about to hit on mainnet, and it's not another perp DEX fighting for congested L1 blockspace.
It's a network extension that fundamentally changes what's possible for onchain trading.
Why this matters?
The core problem with Solana perps has always been reliability and UX.
During volatility spikes (when traders need execution most) the L1 becomes a warzone.
Bots flood the network, priority fees spike unpredictably, and market makers can't reliably land orders.
Jupiter's AMM and Drift's hybrid model are solid retail products, but they hit an architectural ceiling that no amount of optimization can fix.
@bulletxyz doesn't optimize around these constraints. It eliminates them.
By moving execution to a dedicated Rust-based environment while settling on Solana, it achieves 1ms soft confirmations vs 400ms on L1.
That's 400x faster than L1-based competitors, and closes the gap to centralized competitors.
Yet, Bullet inherits Solana's 1,000+ validator security model and taps directly into its existing multi-billion dollar liquidity base.
Remember when Phantom integrated Hyperliquid?
That was the moment that signaled exactly where Solana users want to trade.
Bullet serves that demand natively from day one.
DYOR.