Kyle predicts Solana's advancement will surpass any period in history, becoming the bedrock of on-chain sophisticated finance applications

BlockBeats News, February 11, Former Multicoin Co-Founder Kyle Samani predicted that in the next 18 months, the microstructure improvements of the Solana chain's on-chain market will surpass any other period in cryptocurrency history, with the following highlights to look forward to:

Alpenglow: Solana's upcoming major consensus mechanism upgrade is one of the largest protocol-level changes in Solana's history. It significantly simplifies the consensus logic, reducing the block finalization time from the current approximately 12 seconds to about 100-150 milliseconds, while removing old components like Proof of History and Tower BFT, introducing block propagation and voting mechanisms, providing ultra-low latency infrastructure for high-frequency financial applications.

ACE (Application Control of Execution): Application Control of Execution is a key innovation in Solana's core roadmap. In traditional blockchains, transaction ordering is fully controlled by validators/block producers, while ACE allows smart contracts/apps to determine transaction ordering, settlement logic, and priority on their own. This enables DeFi apps on Solana to customize their own market microstructure, such as order matching rules, anti-MEV mechanisms, etc. Allowing each DEX or Perp protocol to have its own trading engine is a core technology for realizing an internet-native capital market.

MCP (Multiple Concurrent Block Production): In a future Solana upgrade, multiple leaders are allowed to propose blocks simultaneously, significantly increasing throughput, reducing latency, improving transaction inclusion time, and censorship resistance.

PropAMMs (Proprietary Automated Market Makers): Unlike traditional public AMMs (such as Raydium, Orca's constant product pools), PropAMMs are privately deployed by professional market makers/institutions, using real-time price oracles to update quotes, actively managing liquidity, and usually not accepting permissionless deposits. They provide extremely low slippage, deeper liquidity, currently accounting for over 60% of Solana DEX trading volume, radically changing the on-chain market structure, making prices closer to CEX levels.

Aggregators: Aggregators like Jupiter, Dflow, etc., aggregate liquidity from multiple sources such as DEXs, AMMs, PropAMMs, etc., to find users the optimal execution path, offering the lowest slippage and best prices.

Conditional Liquidity: This is a new type of liquidity provision mechanism where liquidity is no longer unconditionally in a "passive pool" but can only be used by takers when specific conditions are met (e.g., orders endorsed by a trusted front-end app, non-toxic order flow, etc.), primarily to prevent front-running of market makers, allowing market makers to offer tighter spreads confidently, ultimately leading to better trade prices and deeper liquidity.

Overall Improvements to SVM and Scheduler: including compute unit optimizations, Asynchronous Program Execution (APE), scheduler algorithm upgrades, etc., making program execution faster, more resource-efficient, and supporting higher concurrency. SVM is the execution environment for Solana smart contracts, and these improvements directly enhance on-chain program performance, providing the foundational support for complex financial applications.