00:00Best Solana Pep Dix's ranked by liquidity fees and executions.
00:06So Solana now supports several competing perpetual exchange models
00:11from fully on-chain audiobooks to professional hybrid venues
00:16to Oracle-priced liquidity pools and just-in-time auctions as well, right?
00:22The challenge is that the platform with the deepest liquidity is not always the cheapest.
00:28And while exchanges with the lowest direct fees may actually have sort of a higher funding borrowing cost or price
00:38impact,
00:39these are all things that need to be considered when you're thinking about comparing the leading live Solana Pep Dix's
00:47across, say, liquidity and recent trading activity and many other metrics that we've used in compiling this research,
00:56including comparing the maker-taker, opening and closing fees of the platforms.
01:02We looked at also the funding and borrowing plus the price impact cost of using these and the audiobook pool
01:10and just-in-time execution models that these platforms use.
01:15We also look at the market limit and the stop and advance to all the types that are available on
01:21the platforms,
01:21cross-margin, isolated margin, the collateral support that they have.
01:27Some of these platforms actually offer not only crypto but also stocks, forex, commodity markets and so much more.
01:35Some have great mobile trading experiences.
01:39You also have APIs, Srest, WebSockets, SDKs, the trading bots to compare and some of the token incentives
01:47and liquidity provider rewards that are aligned with some of the platforms.
01:52But of course, there's always the security, the audit coverage, the decentralization.
01:58These are all kind of other factors that we have to analyze when we are deciding which ones will make
02:05the list, right?
02:06So our leading platforms are based on the research that we've done to date.
02:11Pacifica is one of those in the list because it is really good for professional execution.
02:16If you want advanced orders, APIs, there's also a text called GM Trade, which has low direct fees and reward
02:25asset perpetuals as well as Jupiter Perps.
02:29Some of you, if you are really already a Solana native ecosystem participant, you might know that they do have
02:36some pretty cool, deep pools of liquidity and also good mobile trading.
02:41Phoenix Perps is another platform for fully on-chain order book execution, flash trade if you want to do broad
02:49market coverage or token incentives, velocity for maker rebates, cross collateral, trading automation, Adrena for community ownership and peer-to
03:01-pool trading.
03:02I think at the end of the day, when we look at all of these platforms, you have to kind
03:06of conclude that, you know, at the end of the day, there is no one major Solana perpetual dex that's
03:13best for every trader, as we've seen with Drift, which kind of came and stopped, you know, operations.
03:19If you're a beginner, you may prefer Jupiter's simpler interface or just the fact that they have mobile support.
03:26If you're a professional trader, you might want Pacifica or Phoenix.
03:30If you're a market maker and developer, maybe you want to try velocities, rebates and automation infrastructure because that might
03:37just be what's more attractive to you.
03:39While if you're an RWA trader, maybe you can compare GM Trade and Flash Trade.
03:45So check out the link in the description to the full guide and the whole thing that we've put together
03:52comparing all of these dexes based on those metrics.
03:57Like, share, subscribe, and I'll see you guys in the next videos.
03:59Peace.
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