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Solana's Local Fee Markets Aren't Real | Eugene Chen
Jan 9, 2024
Eugene Chen, co-founder of Ellipses Labs, Phoenix Protocol, and Umbra Research, discusses the limitations of Solana's local fee markets and proposes potential solutions. They also explore MEV on Solana, app-specific MEV, Solana's DeFi risk, Phoenix's limit order book, and the importance of understanding infrastructure for app developers.
01:05:48
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Quick takeaways
- Developers should have a deep understanding of the infrastructure they are working with to build better applications.
- Solana's fee markets and transaction execution face challenges, including inefficiencies and spam transactions.
Deep dives
Understanding the Importance of Infra for Application Developers
It is crucial for application developers to have a deep understanding of the infrastructure they are working with. While there is a possibility of future infrastructures being flawless and abstracted, current blockchains, including Solana, have not reached that stage. It is important for developers to comprehend how the chain functions in order to build better applications that can effectively serve users.
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