animol

𝗧𝗵𝗲 𝗻𝗲𝘅𝘁 𝗯𝗶𝗴 𝗦𝗼𝗹𝗮𝗻𝗮 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝗵𝗮𝘀 𝗮𝗿𝗿𝗶𝘃𝗲𝗱 Over the years lots has happen in the blockchain world, product wise. If I had to say, and even tho i hate talking about cycles (such an absolute view to have), last 2 cycles had two disticnt metas, at least on solana. Nft from 2021 and 2022 Launchpad from 2024 and 2025 Bullet is whats next. Its here and its not cycle dependent. Perps trading is the most blatant and prolific use case. The only product so far that actually stood the test of time. And yet, it doesnt find pmf on the solana layer. Solana despite being by far the most used chain, it stills falls behind in terms of perp volume. Low fees and fast transaction times has propelled solana to escape velocity. Its the leading ecosystem in most metrics. One significant metric it falls behind would be perp volume. Thats easily explained by the infrastructure itself. That besides being fast and cheap, its still hugely unreliable when it comes to such fragile instruments such as perps trading. Speaking off, there is multiple solutions/upgrades being made in the solana roadmap in order to mitigate the issues that makes the chain not optimal for perp products. Blockspace, reliable fees market etc. However, this doenst make it more resilient for this specific use case. It just makes it less fragile 𝗕𝘂𝗹𝗹𝗲𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗮𝗻𝘁𝗶𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻. Leverages the best of solana while being capable of giving the absolute certainty, that perps absolutely need, thanks to developed cutting edge infrastructure. Built from the ground up, with a porpuse on scaling perps trading well beyond what any successfull roadmap on the mother chain would be capable of. Limiting what bullet, as a infra can be capable of, to only perps, would be making it a disservice. It is the de facto infrastructure to launch products, systems and whatever is that needs absolute certainty, block inclusion, and realiable fees market, that the voltality of other layers cant possibly give. Not now and not in the future. There has been multiple catalysts over the years on the sol layer. I will hihglight two of them below. A failed one (if we could call it that) and a successfull one (so far) 𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟭: 𝗡𝗙𝗧 𝗺𝗮𝗿𝗸𝗲𝘁 𝗽𝗹𝗮𝗰𝗲. Back in 2021 and 2022 the nft bubble was in full swing. Eth had established itself as being the place where all the action was happening. The chain was slow, gas fees were regularly above 3 figures and sometimes even 4 figures. Not to mentioned the failed transactions. Solana was still yet to gain escape velocity as the retail chain Nfts on solana arrived a little late. But with a great business proposition. You pay 1/20th of the gas vs eth, while being 20x faster. But there wasnt really a pmf for solana nft’s. One could think of mintin on the solana chain as being advese selected. The fact that a mint was unchallenged, cheap and fast, meant there was no competition around it. Getting your transaction to go fast and snipe a mint on eth mainnet was a skillset. Gas being expensive added to the benefit. It purposedly leaves out a bunch of the competition behind and unnintentionally marks up the price when selling the nft later. "I did all this work to buy it, i better sell it for a lot" While in solana things were fast, cheaper and because of that, and all of the above, less desireable. A lot of the intrinsic value of a nft was on all the jumps and hoops one had to make. It was never about the art. Shocker, ik Solana arrived late and on top of it, didnt have a lot of that intrinsic value. It undoubtly failed. 𝗖𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟮: 𝗣𝘂𝗺𝗽𝗳𝘂𝗻 (𝗹𝗮𝘂𝗻𝗰𝗵𝗽𝗮𝗱) By the time pumpfun launched, solana had already established itself as the consumer chain. More active addresses and transactions vs its rival Ethereum. This could be easily explained by the easy of access of each chain so i wont put much weight on this particular statline (Eth for example had way bigget tvl) Lot of influenzas launching their coins via pre-sale before we even know what a launchpad was. Pump fun tapped into this demand and knocked it out of the park. It directly influenced all metrics. To quote alon: “the #1 destination for non-crypto native users across all chains”. Its a winner. It has found success, perhaps, by the same reasons the nft markets didnt. Which is the ease of access. 𝗪𝗵𝗶𝗰𝗵 𝗹𝗲𝗮𝗱𝘀 𝘂𝘀 𝘁𝗼 𝗰𝗮𝘁𝗮𝗹𝘆𝘀𝘁 𝟯: 𝗕𝘂𝗹𝗹𝗲𝘁. 𝗧𝗵𝗲 𝗳𝗶𝗻𝗮𝗹 𝗯𝗼𝘀𝘀 𝗼𝗻 𝘁𝗵𝗲 𝘀𝗼𝗹𝗮𝗻𝗮 𝗯𝗹𝗼𝗰𝗸𝗰𝗵𝗮𝗶𝗻 Perps been around for so long that its fkin bonkers it hasnt found a good ground floor on the solana layer. Bullet answer to tackle this problem is pretty simple, in theory. Leverage the best tech in the industry all under the same hood. With huge focus on being crypto aligned, bullet went one step further and integrated the very finest tech that already exhists in the space. Using zk proofs, Celestia data availability and Solana security, decentralization and settlement, all working in this symbiotic relationship inside the specific, built from scratch, network extension designed to circunvent all the fragile solana characteristics. - NFTs failed because it was a bubble. And the chain was almost too good for it. - Launchap succeeded because infra tech is perfect for it + huge access to users and liquidity - Perps havent succeeded because tech isnt good enough. Its too fragile. This is what bullet fundamentally changes in the solana world. 𝗧𝗵𝗲 𝗮𝗻𝘁𝗶-𝗳𝗿𝗮𝗴𝗶𝗹𝗲 𝘀𝗼𝗹𝘂𝘁𝗶𝗼𝗻 Bullet time 🚄