> NASDAQ handles 2k trades per second nasdaq handles 2m+ messages per 100ms with microsecond latency. solana isn't even close and never will be with the speed of light adding at least 100ms of latency from global consensus most messages/trades occur in microsecond bursts and nasdaq is built to handle 51:1 capacity-to-peak ratio with microsecond latency. solana has a fixed compute capacity quotes exceed trades (fills) by orders of magnitude. the reason market making on-chain is so expensive is market makers pay gas to revise/cancel quotes but only earn money from fills. and when solana is congested due to bursts of activity, market makers are subject to additional latency and gas costs at the same time volatility spikes this means trades per second is an irrelevant metric but if we're being fair: NASDAQ trades per second does averages out to around 2k over a day
Solana
Solana9.8. klo 09.00
When they say the future of markets runs at 22 TPS but NASDAQ handles 2k trades per second
exchanges like @Lighter_xyz (or @bulletxyz_) that settle on ETH L1 can handle more TPS than solana L1 because they can rollup thousands (eventually millions) of trades into a single ZK batch they also don't suffer global consensus latency because they operate a sequencer market makers can colocate with
@lui1of1 application-specific-sequencing mitigates this to some extent for cancel/revise but doesn't help on fills
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