$SOL - JITO is building critical infrastructure (BAM) to improve Solana's market structure and enable application-controlled execution, with 25% stake already and growing adoption from prop AMMs and perp dexes.
$DEFI - Prop AMMs on Solana are 50-200X more efficient than traditional order books for market makers to update prices, creating a structural advantage for DeFi market making.
$INFRA - Solana infrastructure improvements including XDP networking technology will enable 100x faster data transmission and potential reduction in slot times from 400ms to 100-200ms.
Bearish:
$MARKETMAKING - Current Solana market structure has issues with transparency and verifiability, with validators playing timing games and delaying transactions to maximize rewards rather than network efficiency.
$LATENCY - Speed advantages in trading are being eliminated through application-controlled execution (ACE) implementations that add deliberate speed bumps to level the playing field.