Forget about Hyperliquid, the next wave of Perp will happen on Solana.

It is boldly inferred here that if Perp Dex Summer continues, it will eventually explode within the Solana ecosystem:

1. Solana can perform application-specific optimizations directly at the validator level, allowing dedicated trading engines to run within the validation nodes to achieve a sub-second trading experience close to Hyperliquid.

The Ethereum layer 2 expansion ideas need to be wrapped in layers of technical debt such as L2 centralized Sequencer, transaction Batch, and Finality state dependency on L1. In contrast, Solana's existing technological architecture advantages are more suitable for nurturing and fermenting Perp Dex than Ethereum.

2. When the trading engine is directly embedded into the validator stack, it can bypass the competition of the regular transaction pool, effectively creating a “VIP channel,” sacrificing a portion of decentralization for more extreme trading performance.

In fact, Jito's success has validated the feasibility of making specialized optimizations at the Solana validator level. By simply providing additional MEV profit sharing to validators, along with the value capture of $JTO tokens, validators are highly willing to participate, and already 60% of Solana validators are running the Jito client.

In a Perp scenario, using trading fee revenue instead of MEV fees will be more stable and predictable, and the momentum for validator participation will be stronger.

3. Solana has a relatively mature DeFi ecosystem and a large developer community and user base. Especially during the MEME craze, Solana has repeatedly validated its advantages in terms of liquidity depth.

If both Solana and Hyperliquid are attempting to leverage centralized thinking to tap into high-frequency trading application scenarios, the existing ecological foundation allows Solana to have a greater development ceiling than Hyperliquid, after all, there is a chain to incubate applications and a clear distinction based on the applications incubating the chain.

So, comrades who missed the last opportunity on Hyperliquid, don't be anxious or disheartened about FOMOing into this wave of Aster and Lighter. Your next opportunity may be quietly brewing on Solana. As for project recommendations, although Drift Protocol's architecture is a bit outdated, recent financing of 8M for Bulk and projects like Bullet from its predecessor Zeta Market are making similar attempts, but more projects will emerge.