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The infrastructure behind crypto market making is changing. How it develops determines whether onchain markets can operate at institutional scale. Tomorrow on Validated: Austin Federa | 🇺🇸 sits down with Rahul Jain, Rahul Jain, Head of Trading at Ellipsis Labs, to dig into the evolution of market making in...

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Validated

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21,506 görüntüleme • 2 ay önce •via X (Twitter)

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The firms leading in market making figured out early that infrastructure compounds. Austin Federa | 🇺🇸 sits down with Rahul Jain, Rahul Jain (Ellipsis Labs), to trace how crypto market making evolved: why being early matters, how MEV and transaction landing reshaped execution, and what it will take for onchain finance to scale beyond crypto-native users. Understanding the infrastructure layer is a prerequisite for competing with traditional trading environments. Timestamps and links below ↓ 00:00 - Introduction 03:53 - What Makes Solana Trading Different 07:17 - Trust and Retail Outcomes 12:04 - Infra Arms Race 2025 14:27 - Prop AMMs vs Order Books 17:05 - Spot Market Equilibrium 18:12 - MCP and Perps Security 21:22 - Why MCP Matters 24:25 - ACE For Safer Perps 25:47 - RWAs And Oracle Risk 29:28 - Why Retail Loves Perps 34:23 - Hypothetical VIX perps 35:29 - The Different MCP Camps 37:07 - Latency And Block Full 40:41 - Conclusion
42:09

The firms leading in market making figured out early that infrastructure compounds. Austin Federa | 🇺🇸 sits down with Rahul Jain, Rahul Jain (Ellipsis Labs), to trace how crypto market making evolved: why being early matters, how MEV and transaction landing reshaped execution, and what it will take for onchain finance to scale beyond crypto-native users. Understanding the infrastructure layer is a prerequisite for competing with traditional trading environments. Timestamps and links below ↓ 00:00 - Introduction 03:53 - What Makes Solana Trading Different 07:17 - Trust and Retail Outcomes 12:04 - Infra Arms Race 2025 14:27 - Prop AMMs vs Order Books 17:05 - Spot Market Equilibrium 18:12 - MCP and Perps Security 21:22 - Why MCP Matters 24:25 - ACE For Safer Perps 25:47 - RWAs And Oracle Risk 29:28 - Why Retail Loves Perps 34:23 - Hypothetical VIX perps 35:29 - The Different MCP Camps 37:07 - Latency And Block Full 40:41 - Conclusion

Validated

27,368 görüntüleme • 2 ay önce

New Validated episode 🎙️ Austin Federa | 🇺🇸 sits down with Marcantonio, Head of DeFi at Galaxy, to talk about: - Why the future of global finance is onchain - Why Galaxy is betting big on Solana - Critical infrastructure projects like DoubleZero You'll want to take an hour to listen to this. Timestamps below ↓
41:41

New Validated episode 🎙️ Austin Federa | 🇺🇸 sits down with Marcantonio, Head of DeFi at Galaxy, to talk about: - Why the future of global finance is onchain - Why Galaxy is betting big on Solana - Critical infrastructure projects like DoubleZero You'll want to take an hour to listen to this. Timestamps below ↓

Validated

12,493 görüntüleme • 8 ay önce

BitGo sits down with Ian Kane, Head of Partnerships at Midnight, to learn how they are building the next generation of blockchain infrastructure. Privacy, compliance, and institutional scale come together in a new approach to moving assets onchain.
6:21

BitGo sits down with Ian Kane, Head of Partnerships at Midnight, to learn how they are building the next generation of blockchain infrastructure. Privacy, compliance, and institutional scale come together in a new approach to moving assets onchain.

BitGo

58,857 görüntüleme • 10 ay önce

Privacy is a requirement for financial markets. Lending, borrowing, trading, and payments at scale all depend on confidentiality. As more capital moves onchain, confidential execution becomes a foundational part of the infrastructure.
0:36

Privacy is a requirement for financial markets. Lending, borrowing, trading, and payments at scale all depend on confidentiality. As more capital moves onchain, confidential execution becomes a foundational part of the infrastructure.

NEAR Protocol

97,406 görüntüleme • 13 gün önce

The integration that changes everything for onchain markets is coming live We’re partnering with EigenCloud to power the first based-rollup capable of institutional-scale trading on Ethereum [Thread]
0:25

The integration that changes everything for onchain markets is coming live We’re partnering with EigenCloud to power the first based-rollup capable of institutional-scale trading on Ethereum [Thread]

Reya

192,753 görüntüleme • 7 ay önce

🚨NEW: We sat down with John D'agostino, Head of Institutional at Coinbase 🛡️, to break down the next phase of institutional crypto adoption and why liquidity, not regulation, is now the real unlock. We get into Bitcoin ETFs, market structure, and how Coinbase is positioning itself at the center of the institutional ecosystem with new initiatives like its super app, recent acquisitions, and expanding onchain infrastructure. John also draws on his oil-markets background, talks about why de-banking is still a concern for crypto in the U.S., and shares why he’s watching the Czech National Bank’s Bitcoin initiative.
53:51

🚨NEW: We sat down with John D'agostino, Head of Institutional at Coinbase 🛡️, to break down the next phase of institutional crypto adoption and why liquidity, not regulation, is now the real unlock. We get into Bitcoin ETFs, market structure, and how Coinbase is positioning itself at the center of the institutional ecosystem with new initiatives like its super app, recent acquisitions, and expanding onchain infrastructure. John also draws on his oil-markets background, talks about why de-banking is still a concern for crypto in the U.S., and shares why he’s watching the Czech National Bank’s Bitcoin initiative.

Crypto In America

31,523 görüntüleme • 6 ay önce

Crypto ETFs are changing who can access digital assets and XRP is directly in that flow. In this episode of Onchain Economy, rayhaneh, Head of Product and Research Grayscale, explains how regulated products are opening the door to XRP at scale. Watch now: She covers: ↳ How ETFs lower the barrier to crypto exposure ↳ XRP’s role in institutional digital asset portfolios ↳ What broader access means for the onchain economy The infrastructure is built. The products are live. The doors are open.
0:21

Crypto ETFs are changing who can access digital assets and XRP is directly in that flow. In this episode of Onchain Economy, rayhaneh, Head of Product and Research Grayscale, explains how regulated products are opening the door to XRP at scale. Watch now: She covers: ↳ How ETFs lower the barrier to crypto exposure ↳ XRP’s role in institutional digital asset portfolios ↳ What broader access means for the onchain economy The infrastructure is built. The products are live. The doors are open.

RippleX

58,521 görüntüleme • 3 ay önce

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.
1:20

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.

BlockLayer Podcast

34,612 görüntüleme • 10 gün önce

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.
1:20

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.

BlockLayer Podcast

47,336 görüntüleme • 24 gün önce

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.
1:20

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Takahara / 0699.eth sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.

BlockLayer Podcast

105,815 görüntüleme • 1 ay önce

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Miyasaki sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.
1:20

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Miyasaki sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.

BeaconLayer Podcast

62,114 görüntüleme • 24 gün önce

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Miyasaki sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.
1:20

“High-performance infrastructure only matters if it expands what users can actually do onchain — and makes that experience accessible at scale.” Sachi Miyasaki sits down with Jay, Co-Founder of Sei, to examine why parallelized execution is becoming increasingly important for the next generation of onchain applications. From trading and DeFi to high-frequency user activity that simply breaks in low-throughput environments, they discuss how lower fees and greater execution capacity can fundamentally reshape the user experience — especially for smaller participants who are otherwise priced out. They also explore how this plays out in practice through projects like Bancor’s Carbon DeFi, where Sei has emerged as the ecosystem driving the strongest activity and volume, underscoring how performance advantages translate into real adoption.

BeaconLayer Podcast

29,342 görüntüleme • 2 gün önce

Three years ago, trading was a category focused on exchanges, orderbooks, and crypto-native markets. Today, the idea of trading has expanded to the exchange of value at global scale. Sei has always been built for trading. The only thing that changed is what trading means.
1:07

Three years ago, trading was a category focused on exchanges, orderbooks, and crypto-native markets. Today, the idea of trading has expanded to the exchange of value at global scale. Sei has always been built for trading. The only thing that changed is what trading means.

Sei

16,183 görüntüleme • 1 ay önce

NEW @gwartygwart show: Why Crypto Options Are So Slow To Mature w/ , founder of Derive.xyz "Options markets are always the last vertical to mature in finance." → Capturing 90% on-chain market share → RFQ and institutional liquidity Brought to you by Ellipsis Labs
54:43

NEW @gwartygwart show: Why Crypto Options Are So Slow To Mature w/ , founder of Derive.xyz "Options markets are always the last vertical to mature in finance." → Capturing 90% on-chain market share → RFQ and institutional liquidity Brought to you by Ellipsis Labs

Blockspace

34,504 görüntüleme • 3 ay önce

How is regulated blockchain infrastructure reshaping capital markets? In the latest episode of Onchain Economy, Marius of Axiology joins to discuss their work building institutional-grade digital asset infrastructure on the XRPL. They're making finance more efficient by prioritizing compliance and trust. 🔒 Tune in:
0:25

How is regulated blockchain infrastructure reshaping capital markets? In the latest episode of Onchain Economy, Marius of Axiology joins to discuss their work building institutional-grade digital asset infrastructure on the XRPL. They're making finance more efficient by prioritizing compliance and trust. 🔒 Tune in:

RippleX

50,042 görüntüleme • 8 ay önce

MEV is one of the least understood costs in onchain markets, but also one of the largest. Here’s Eridian at CIS2026 🇰🇷 on how realtime blocks fix it.
0:40

MEV is one of the least understood costs in onchain markets, but also one of the largest. Here’s Eridian at CIS2026 🇰🇷 on how realtime blocks fix it.

ETHGAS

40,448 görüntüleme • 6 gün önce

🚨JUST IN: Ondo Finance to launch "Ondo Global Markets," enabling onchain trading of public securities, i.e., stocks on Solana. The platform will integrate with Solana DeFi as competition to bring traditional markets onchain intensifies. - Solana Accelerate 2025
0:31

🚨JUST IN: Ondo Finance to launch "Ondo Global Markets," enabling onchain trading of public securities, i.e., stocks on Solana. The platform will integrate with Solana DeFi as competition to bring traditional markets onchain intensifies. - Solana Accelerate 2025

SolanaFloor

71,349 görüntüleme • 1 yıl önce

🎙️ New Episode! anthony sits down with Ryan Sellers Open Outcrier to discuss his trading journey—from market maker on the Chicago Board Options Exchange, to prop firm trader, trading his own capital and launching Open Outcrier. 🎥 The Trader's Journey drops tomorrow at 9 AM EST!
0:51

🎙️ New Episode! anthony sits down with Ryan Sellers Open Outcrier to discuss his trading journey—from market maker on the Chicago Board Options Exchange, to prop firm trader, trading his own capital and launching Open Outcrier. 🎥 The Trader's Journey drops tomorrow at 9 AM EST!

Investors Underground

12,906 görüntüleme • 11 ay önce

Fidelity explored 52 crypto use cases. Only one worked… at first. CEO Abigail Johnson shares the company's early thesis on crypto, also covering the R&D bets they made. She also shares thoughts on stablecoins, and the future of traditional finance and crypto. This episode is for anyone interested in exploring how innovation happens inside companies, how startups can partner with big institutions, how TradFi is approaching crypto in this “Year of Institutional Adoption”… and what the next decade of financial infrastructure might look like. In conversation with a16z crypto COO Anthony Albanese (the discussion was recorded at our recent Founders Summit event).
42:16

Fidelity explored 52 crypto use cases. Only one worked… at first. CEO Abigail Johnson shares the company's early thesis on crypto, also covering the R&D bets they made. She also shares thoughts on stablecoins, and the future of traditional finance and crypto. This episode is for anyone interested in exploring how innovation happens inside companies, how startups can partner with big institutions, how TradFi is approaching crypto in this “Year of Institutional Adoption”… and what the next decade of financial infrastructure might look like. In conversation with a16z crypto COO Anthony Albanese (the discussion was recorded at our recent Founders Summit event).

a16z crypto

30,566 görüntüleme • 6 ay önce

New Validated just dropped featuring our most requested repeat guest: Kevin Bowers from Jump Crypto 🔥💃🏻 🦬 In this episode, Kevin returns to explain Jump's expansion from trading to core infrastructure, centered on what he calls the "great inversion": the real bottleneck in tech isn't compute, but data and I/O. Austin Federa | 🇺🇸 and Kevin also discuss: + Shelby, Jump’s new storage network + How Jump Crypto 🔥💃🏻firedancer has helped scale Solana + Why FPGAs are the key to “getting close to the wire” Watch now on X ↓
1:19:15

New Validated just dropped featuring our most requested repeat guest: Kevin Bowers from Jump Crypto 🔥💃🏻 🦬 In this episode, Kevin returns to explain Jump's expansion from trading to core infrastructure, centered on what he calls the "great inversion": the real bottleneck in tech isn't compute, but data and I/O. Austin Federa | 🇺🇸 and Kevin also discuss: + Shelby, Jump’s new storage network + How Jump Crypto 🔥💃🏻firedancer has helped scale Solana + Why FPGAs are the key to “getting close to the wire” Watch now on X ↓

Validated

29,203 görüntüleme • 8 ay önce