Solana Was Too Late to Perps

Solana Was Too Late to Perps

From Lightspeed by Blockworks

April 30, 2026 · 55 min

About this episode

The episode discusses Solana's Q1 performance and challenges in building competitive perpetual markets.

Gm! In today’s episode we discuss Solana’s Q1 performance, highlighting growth in tokenized real-world assets and shifting trading activity. We also cover Pumpfun’s buyback changes, Pumpcade’s token-equity model, and broader challenges in building competitive perpetuals markets on Solana, including liquidity, user acquisition, and infrastructure constraints. Enjoy! -- Follow Lightspeed: ⁠https://x.com/Lightspeedpodhq Follow Toma: https://x.com/toma_adv Follow Sam: https://x.com/minnus Follow Carlos: https://x.com/0xcarlosg Follow Danny: https://x.com/defi_kay_ Join the Lightspeed Telegram: ⁠https://t.me/+QHlbNTNS4gc1ZTVh -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Timestamps: (0:00) Introduction (2:53) RWA Momentum Builds (9:17) Pump Fun Buyback Burn (20:44) Pump Cade’s ACE Experiment (32:10) Solana Perps Debate (37:55) Bulk’s Validator Sidecar Bet (51:31) Phoenix’s Onchain Bet (53:45) Closing Comments -- Disclaimers: Lightspeed was kickstarted by a grant from the Solana Foundation. Nothing said on Lightspeed is a recommendation to buy or sell securities or tokens. This podcast is for…

People in this episode

Hosts: Toma, Sam, Carlos, Danny

Topics covered

  • Solana performance
  • tokenized real-world assets
  • perpetual markets
  • liquidity challenges
  • user acquisition
  • infrastructure constraints

Keywords

  • Solana
  • perpetual markets
  • liquidity
  • tokenized assets
  • Pumpfun
  • Pumpcade
  • crypto news

Mentioned in this episode

Organizations: Solana, Pumpfun, Pumpcade

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