The Future of DeFi Trading: Routers, Perps, and MCP | Eugene Chen
Gm! In this episode, Eugene Chen, CEO of Ellipsis Labs, joins us to break down Solana’s evolving market structure and the launch of Phoenix Perps. We explore onchain trading design, routing and sequencing challenges, MCP’s role, and how user behavior and incentives are shaping the future of DeFi.
Enjoy!
--
Follow Lightspeed: https://x.com/Lightspeedpodhq
Follow Ellipsis Labs: https://x.com/ellipsis_labs
Follow Eugene: https://x.com/0xShitTrader
Follow Danny: https://x.com/defi_kay_
Join the Lightspeed Telegram: https://t.me/+QHlbNTNS4gc1ZTVh
--
Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/
--
Timestamps:
(0:00) Introduction
(2:25) Solana Market Structure Shift
(8:07) Why Phoenix Perps Now
(21:16) Why Perps Need No Router
(29:39) What Solana Must Improve
(34:49) The Block Builder Problem
(43:24) Will DeFi Mimic TradFi?
(52:48) Phoenix Perps Launch Plans
(53:38) Closing Comments
--
Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation.
Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.
The Future of DeFi Trading: Routers, Perps, and MCP | Eugene Chen
Subscribe & Listen
Designing the Future of Payments Systems | Konstantin Richter & Tom Zschach
The Institutional Shift Driving Crypto Forward
More from Lightspeed
Solana Was Too Late to Perps
Gm! In today’s episode we discuss Solana’s Q1 performance, highlighting growth in tokenized real-world assets and shifting trading activity. We also cover Pumpfun’s buyback changes, Pumpcade’s token-equity model, and broader challenges in building competitive perpetuals markets on Solana, including liquidity, user acquisition, and infrastructure constraints. Enjoy! -- Follow Lightspeed: https://x.com/Lightspeedpodhq Follow Toma: https://x.com/toma_adv Follow Sam: https://x.com/minnus Follow Carlos: https://x.com/0xcarlosg Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (2:53) RWA Momentum Builds (9:17) Pump Fun Buyback Burn (20:44) Pump Cade’s ACE Experiment (32:10) Solana Perps Debate (37:55) Bulk’s Validator Sidecar Bet (51:31) Phoenix’s Onchain Bet (53:45) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.
LPing Is Trading: Rethinking DeFi Strategies | Dann & Miir
Gm! In today’s episode, we’re joined by Dann and Miir of Meteora to discuss their role as a core liquidity layer on Solana. We cover their evolution from integrations to product focus, the shift from passive yield farming to active LP strategies, and what’s next for DeFi liquidity.Enjoy! -- Follow Lightspeed: https://x.com/Lightspeedpodhq Follow Meteora: https://x.com/MeteoraAG Follow Miir: https://x.com/0xmiir Follow Dann: https://x.com/dannxbt Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (1:57) Meteora Origins (5:49) Launchpad Integration Push (11:33) Jupiter And Meteora (12:55) Yield Farming Evolves (21:22) LPing As Trading (25:50) Long Tail Liquidity (34:37) Product Roadmap (41:55) What Comes Next (45:06) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.
Tokenizing Private Markets: Inside the Rise of PreStocks | Xavier Ekkel
Gm! In this episode, we’re joined by Xavier Ekkel, Founder of PreStocks, to explore the rise of PreStocks and tokenized access to private equity. We cover pricing and liquidity dynamics, Solana’s role in distribution, retail participation, onchain price discovery, IPO transitions, and the broader evolution of tokenized pre-IPO markets. Enjoy! -- Follow Lightspeed: https://x.com/Lightspeedpodhq Follow PreStocks: https://x.com/PreStocks Follow Xavier: https://x.com/XavierEkkel Follow Carlos: https://x.com/0xcarlosg Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (1:33) PreStocks' Background (6:02) How PreStocks Are Priced (14:59) Why Solana and Why Retail (24:43) Price Discovery to IPO (35:01) Which Private Names Matter? (40:14) Distribution and Next Steps (46:30) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Danny, and our guests may hold positions in the companies, funds, or projects discussed.