Sam Schubert(@minnus):.@solana is only ~0.015% of US trading volume in these four stocks, yet its prop-AMM based market already BEATS the open market on $5k to $20k execution. Across SPCX, MU, SNDK and DRAM issued by @Backpack x @sunrise, Jun 12 to Jul 20, 24/5 two-sided costs were -0.5 bps at $5 to 10k and -1.3 bps at $10 to 20k, versus approx +1 bp for the open market. Every trade is measured against the relevant stock-market midpoint immediately beforehand: the midpoint of the SIP NBBO during SIP hours and Blue Ocean’s quoted midpoint overnight. Buyer and seller costs are then averaged so any persistent token premium or discount cancels out.

2026.07.30 23:02

.@solana is only ~0.015% of US trading volume in these four stocks, yet its prop-AMM based market already BEATS the open market on $5k to $20k execution. Across SPCX, MU, SNDK and DRAM issued by @Backpack x @sunrise, Jun 12 to Jul 20, 24/5 two-sided costs were -0.5 bps at $5 to 10k and -1.3 bps at $10 to 20k, versus approx +1 bp for the open market. Every trade is measured against the relevant stock-market midpoint immediately beforehand: the midpoint of the SIP NBBO during SIP hours and Blue Ocean’s quoted midpoint overnight. Buyer and seller costs are then averaged so any persistent token premium or discount cancels out.