Markets Are Full of Roads. That Doesn't Mean Capital Takes Them.
Five Solana wrappers on one company, one issuer-designated conversion route, and nine weeks of swap-level flow through it. Public data only, no position take...
When Multiple Pools Behave Like One: Impact-Constrained Capacity Concentration in Uniswap v3
An empirical note on effective concentration under a capacity objective.
I Searched the Transaction for the Slippage Threshold. I Found the Quote Instead.
Thirty read-only DFlow /order responses, ten A1/T/A2 brackets, and a byte search for the minimum-output threshold inside unsigned Solana transactions. No pri...
Who Owns Execution on Solana?
Part I measured retail pricing at the app. Part II opened one unsigned transaction for router attribution. This piece is a seven-day probe of Jupiter’s manag...