Improvements in On-chain Trading - Moving Beyond AMMs ft. Dhrumil Mehta of Root HQ | TNB Ep 46

Are On-Chain Order Books Paving Solana's Path Forward? In this episode of The Next Billion podcast, George Harrap is joined by Dhrumil Mehta from Root HQ, an on-chain market maker on Solana. Dhrumil describes his transition from Ethereum to Solana, highlighting his involvement in hackathons and the founding of Solvent Protocol. He discusses the evolution of DEXes to real limit order book AMMs like Phoenix, emphasizing Phoenix's efficiency and developer-friendly design. They further discuss about the importance of on-chain order books, Root's initiatives to enhance user experience, and the potential for meme coins and DeFi growth on Solana in 2024. Chapters 00:00 Dhrumil's journey and why he chose Solana 05:58 AMMs emergence 08:18 Efficient data structure for on-chain order matching 11:56 Fake limit order book 15:25 Enable easy access to a variety of coins 19:03 Become market makers 21:11 Strategy allows users to choose risk level 23:42 DCA and spot grid trading strategies explained 26:52 Excited about token launches, anticipating DeFi growth 30:24 Best for on-chain liquidity