Lightspeed How To Fix Crypto's Token Dilemma
Dec 26, 2025
Join the discussion on the evolving DEX landscape and the intriguing clash between tokens and tokenized equity. Explore how prop AMMs are gaining traction and the importance of horizontal integration. Delve into the concept of building a durable moat in the crypto world and the pitfalls of token launches. The conversation also touches on on-chain equities and the unique advantages Solana brings to the table. Discover how consumer apps could revolutionize equity trading and drive adoption in the crypto space!
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DEXs Will Split By Asset Maturity
- DEX dominance on Solana will bifurcate: prop AMMs win short-tail, traditional AMMs win long-tail assets.
- Prop AMMs need horizontal infrastructure integration while traditional AMMs must verticalize into token issuance to stay relevant.
Execution Beats Features For Prop AMMs
- Prop AMMs rely on aggregator order flow so execution quality is their main competitive axis.
- Horizontal integration with infra (e.g., transaction landing, block builders) materially improves prop AMM performance.
Own Token Issuance To Protect AMM Volume
- Traditional AMMs should pursue vertical integration and own token issuance to secure steady volume.
- Build or partner with launch/ICO platforms so your AMM captures primary distribution and monetizes launches.