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Sam Schubert
@minnus
@Blockworks_ @blockworksres | prev @Citi | views are my own
Joined May 2023
6.1K Following    4K Followers
.@Backpack's two-way conversion between tokens and stocks matters even more when paired with @solana’s scalable, continually improving execution stack. In our Aug 27 to Sep 9 SPCX sample, $100–$1k trades averaged 2.7 bps in measured all-in costs for Backpack on Solana versus 34.7 bps on Robinhood Chain, including embedded DEX fees and network charges. For $1–$100 trades, the gap was even more dramatic: 0.11% on Solana versus 4.29% on Robinhood Chain. The bigger opportunity is making onchain finance economical for retail users worldwide and institutional flows at scale. Building that infrastructure and liquidity takes time, and Solana has a multiyear head start.
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