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For a while now, Solana’s pitch has hinged on the levers of bandwidth and latency.
Nevertheless, as we’ve seen from the restrictions of high-frequency buying and selling techniques and the customarily uneven efficiency of current onchain order books, excessive throughput and sub-second finality alone are doubtless inadequate to help the way forward for world markets.
Whereas which will sound counterintuitive for a sequence constructed on pace, it’s now rising because the core thesis of a brand new, community-authored roadmap that lays out how Solana can grow to be the spine for web capital markets.
Launched final week, this new roadmap was co-authored by Anatoly Yakovenko (Solana Labs), Max Resnick (Anza), Lucas Bruder (Jito Labs), Austin Federa (DoubleZero), Chris Heaney (Drift) and Kyle Samani (Multicoin Capital).
They argue that along with fixing for bandwidth and latency, the community should additionally account for market microstructure.
Solana needs to be the perfect place to construct — not only for liquidity and scale, however for customized markets themselves. To do this, it must let purposes management the foundations of their very own transaction sequencing.
The roadmap proposes a shift towards application-controlled execution (ACE), a mannequin that might give sensible contracts granular management over how trades are ordered and settled.
ACE breaks with the single-leader norm in favor of programmable execution environments and a number of concurrent validators.
Mixed with infrastructure upgrades like Jito’s Block Meeting Market (BAM), the DoubleZero fiber community and the upcoming Alpenglow consensus engine, Solana apps will quickly have the ability to outline bespoke order-matching guidelines designed to rival Wall Avenue techniques.
BAM, rolling out in late July, permits apps to combine customized sequencing logic — successfully delivering ACE at the moment through a decentralized, TEE-powered community. It turns Solana blockspace right into a programmable sandbox the place builders can ship tailor-made order movement logic with out forking shoppers or chopping BD offers with validators.
DoubleZero, presently stay on testnet with over 100 validators and three% of mainnet stake, reduces latency and jitter throughout the community by changing the general public web with a multicast fiber spine. It’s anticipated to go stay on mainnet in mid-September.
