The Future Of Onchain Capital Markets Is On Solana | Chris Chung
🎯 Summary
[{“key_takeaways”=>[“Titan is a Metadex aggregator on Solana that sits above Dex aggregators (like Jupiter and D-flow), routing trades to the best performing router.”, “Titan’s proprietary Dex aggregator, Argos, claims to outperform other routers 70-75% of the time due to a pure math optimization routing algorithm, unlike competitors who use less precise chunking methods.”, “The team’s background is in low-latency analytics from traditional finance, which they argue is crucial for optimizing performance on Solana’s high-speed chain.”, “Titan will not charge direct commission fees, instead planning to monetize through models inspired by traditional finance, such as payment for order flow (PFOF) mechanisms.”, “Titan is launching ‘Prime Mode,’ an automated execution setting designed to be MEV-protected and handle slippage management, similar to Jupiter Ultra.”, “The initial target audience is sophisticated traders and whales who are most sensitive to basis point improvements in execution price.”, “The long-term focus is narrowly set on optimizing the spot market infrastructure, contrasting with Jupiter’s ‘super app’ strategy.”], “overview”=>”Titan, a newly launched Solana Metadex aggregator, announced a $7 million seed round, positioning itself to challenge established Dex aggregators like Jupiter by leveraging a proprietary, pure math optimization routing algorithm. This advanced routing claims to outperform competitors approximately 70-75% of the time by avoiding the chunking limitations common in existing algorithms. Titan aims to become the "Interactive Brokers of on-chain capital markets," focusing on providing superior price execution for sophisticated traders without charging direct commission fees.”, “themes”=>[“Solana Infrastructure Competition”, “Dex Aggregation Technology and Routing Algorithms”, “Competitive Landscape (Titan vs. Jupiter)”, “Business Model and Monetization (Commission-free trading)”, “Target Audience (Pro Traders and Sophisticated Users)”, “Future of On-Chain Trading Rails”]}]
🏢 Companies Mentioned
💬 Key Insights
"Titan Prime is really a mode that, you know, users don't even have to think about executing... We select the transaction propagation method in order to make sure it's MEV protected. We tip that we make sure we tip the correct amount in order to get a transaction line in a fast but cost-effective manner."
"But what we really want to be is probably trying to be the interactive brokers of on-chain internet capital markets. Our point of view, interactive brokers is a very advanced low-cost broker and tradify. We want to really offer the same type of product to users on-chain and just really be that platform for pro traders to really get that edge and precision that they would want."
"This Dex aggregator, which we're calling Argos, is basically since private beta, a launch to the end of March has, you know, outperformed every other router, including RFQ providers, around 75, just 70% of the time and live production on mainnet."
"We're basically taking every single quote, simulating all them on the same block and comparing the mapless apples because if a guy submitted a quote five blocks after the initial quote from other providers is not fair to compare."
"Titan's Argos does seem to be outperforming pretty massively. I know D-flow implemented an upgrade to their algorithm I guess a couple months ago and it's been performing extremely well like I think we saw performance double, triple from the previous iteration."
"we think there's a lot of ways that we can monetize beyond just charging based commission fees because I think there's enough. The future of this is big enough that we can find ways to monetize it."