Did the Solana Foundation just kill one of its own protocols? FlashTrade is about to shut down Their founder gave 3 reasons The most interesting one: burnout, partly caused by the Foundation heavily backing Phoenix as Solana’s flagship perps product Meanwhile, protocols like FlashTrade and Bulk received far less love The uncomfortable truth is that Phoenix is simply a better fit for the Foundation Its order book, trading engine and market makers all operate onchain, generating significantly more activity for Solana FlashTrade also runs on Solana but relies on oracle prices and pooled liquidity. It requires fewer onchain interactions, making Solana primarily the settlement layer From a marketing perspective, pooling resources on one potential Hyperliquid competitor may also make more sense than supporting several smaller protocols... It’s brutal for builders, but Solana probably needs one clear winner in perps.. Still, every protocol can get "king made" if the tech is good enough