A1 Research
@a1research__
Followers
10K
Following
2K
Media
322
Statuses
704
Research | Data Analytics | Advisory
Joined October 2023
15 days, 12 research articles, 77,568 words, 2 Twitter spaces, 1M+ views. The full campaign archive. Every article of the CLOB campaign summarized and linked below ⬇️
47
8
131
The CLOB Season Finale is here! Join our third and final Space today, October 24, at 12:00 UTC. @MonacoOnSei, @bulletxyz_, @paradex, and @reisnertobias will join us! Topics we’ll cover: • Lessons from the October 10 liquidation crash. • Execution rules, privacy models, and
9
7
62
William Lane Craig Reacts! Jordan Peterson & Church Hurt
10
26
191
That's a wrap on our CLOB Season. A deep research campaign that covered the full spectrum from the appchain landscape to real-time blockchains, institutional RWA migration, privacy solutions, and the DEX vs CEX inflection point. A huge thanks to everyone who followed along with
2
0
11
Our final deep dive: the complete CLOB landscape with @GSR_io. TL;DR: CLOBs now command 71% of DEX volume ($633B/30d), driven by two competing philosophies: 1. Modular L2 appchains (Paradex, Bullet, Hibachi, Lighter) assembling specialized components (Celestia DA, SP1 ZK
4
0
14
Shifting to the macro competition, how DEXs are challenging CEX dominance. TL;DR: DEXs captured 19% of spot (up from 10.5% in Q4 2024) and 13% of futures markets by Q3 2025, growing 25-40% quarterly. CLOB DEXs like Hyperliquid now match CEX performance while offering
1
0
8
$1M new American Dollars for RPS' discord: BattinBrad Join the party folks!
0
3
27
Examining the privacy crisis threatening institutional DeFi adoption. TL;DR: The James Wynn $100M liquidation exposed DeFi's fatal flaw: radical transparency enables liquidation hunting and front-running. Solutions emerging through hybrid architectures, TEEs for low-latency
1
0
8
A deep dive into Hyperliquid, the dominant force in onchain perpetuals. TL;DR: Hyperliquid achieved $1.2B annual revenue and 30% market dominance through its sovereign L1 architecture. HyperBFT consensus delivers sub-second finality, HyperCore processes 200k orders/sec with
1
0
7
To further dive into perp DEXs becoming onchain financial supercenters, we organized a space with @trevor_flipper, @tradeparadex, @MonacoOnSei, and @carlosguzman___! Here is the written recap of the space ⬇️
On Wednesday, we hosted our “Perp DEXs as the Onchain Financial Supercenters of Tomorrow” space with: - @trevor_flipper from @Delphi_Digital - @fiddybps1 from @tradeparadex - @codygarrison_ from @MonacoOnSei - @carlosguzman___ from @GSR_io The discussion centered on Monaco and
1
0
9
Zooming out to the institutional landscape driving this entire movement. TL;DR: BlackRock, Franklin Templeton, and others have tokenized $30B+ in RWAs (targeting $30T by 2034). CLOBs provide the familiar infrastructure institutions need, sub-millisecond execution, deep
1
0
7
Fifteen years ago today, AEM launched the I Make America campaign with one simple goal: to give the 2.3 million men and women of the industry a powerful, united voice for pro-manufacturing policies. Since then, the campaign has grown into a nationwide grassroots effort with tens
0
4
6
. @MonacoOnSei delivers microsecond-grade trading on Sei's high-performance L1. TL;DR: Monaco achieves 5-25 microsecond backend latency (comparable to Nasdaq's 50µs), 1000x faster than Hyperliquid's 200ms. Built as shared infrastructure (no proprietary frontend), it offers
1
0
7
Shifting focus to the monolithic side: real-time blockchains powering onchain CLOBs. TL;DR: - Solana (65k TPS with Firedancer targeting 1M+ TPS) - Aptos (Block-STM: 20k TPS and 326M txns/day record) - Sui (Mysticeti: 200ms fast-path finality) - Monad/MegaETH/Rise (targeting
1
0
7
A deep comparison of the CLOB appchain landscape: L1 sovereignty vs L2 modularity. TL;DR: Hyperliquid's sovereign L1 offers full control (sub-second finality, 21 validators) but risks isolation while L2 appchains (Bullet, Paradex, @hibachi_xyz, @Lighter_xyz) deploy 90% faster
1
0
7
We published a full CLOB ecosystem map, including the various actors and their sectors with more than 50 projects covered ⬇️
1
1
8
Decentralization vs. Centralization. That’s the tweet.
2
5
17
Then we explored @tradeparadex, the zero-fee SuperExchange redesigning market structure. TL;DR: Paradex eliminates the "cancel-priority tax" with Retail Price Improvement (RPI), segmenting flow to give UI traders better prices than API bots. Built on Starknet's CairoVM with
1
0
8
To further dive into market experience and feedback, we organized a space with @bulletxyz_ and @rise_chain, with a major focus on the infrastructure behind onchain trading. Here is the written recap of the space ⬇️
After our space with @bulletxyz_ and @rise_chain on Friday, here is a TL;DR on the discussions we had around the “Infra Race behind Onchain Trading”: Project Status & Timelines - Bullet: Has closed its testnet and is now preparing for its mainnet launch in the coming weeks with
1
0
8
We then deep-dived into @bulletxyz_, Solana's answer to Hyperliquid. TL;DR: Bullet is a network extension turning Solana into an onchain Nasdaq with 1ms soft confirmations (400x faster than Solana's 400ms), ZK-verified execution via Succinct SP1, and CEX-grade UX. Unlike
1
3
16
Jumping right into the juicy part by analyzing the current CLOB wars and market. TL;DR: Hyperliquid dominates with 58% market share ($350B volume), but zero-fee competitors like Lighter ($133B) are compressing margins. CLOBs now command 92% of onchain perp volume but only
1
0
8
Celebrate the different. It is the unique individuals who shape our world. Creation is driven by those who break from the mainstream and see things from a different perspective. Initially, they may face ostracism for their differences, but they are the heroes who stand up,
0
1
11
Setting the stage and getting back on the path from AMMs to CLOBs TL;DR: DeFi is evolving from AMMs (simple but inefficient) to CLOBs (traditional order books) as blockchain infrastructure now supports institutional-grade speed and throughput. This shift enables DeFi to
1
0
8