Welcome back to The Gwart Show! Today, Benedict Brady, former quant trader and founder of Meridian joins us to talk about Solana's dark pool ecosystem, Jupiter's market dominance, the move from traditional AMMs to sophisticated trading infrastructure, MEV wars, and how his AI-powered trading assistant is changing crypto trading interfaces.

Timestamps:

00:00 Start

00:19 Benedict intro

02:32 Solana focused work

05:14 Solana market evolution

13:03 RFQ vs Dark AMM

15:24 Partial RFQ Fills

17:17 Dark AMMs in practice

19:58 Define "Dark"

23:46 Why Jupyter?

27:45 Dark AMM big unlock?

30:19 Deep thoughts...

32:14 Are Solana spreads tight?

36:02 Wintermute

37:19 Why the secrecy?

40:01 Hello MEV, my old friend

45:26 Gwart the Bitcoin Maxi (or not)

49:23 SOL vs ETH

52:44 App sequencing

55:33 Perp DEX is actually an L2

58:35 BAM

59:36 Permissionless building

1:04:29 Meridian

1:07:11 LLM trading

1:09:27 AI + Crypto killer apps

👋 Watch on your podcast player of choice!

Apple http://tiny.cc/e7wuwz

Spotify https://tinyurl.com/aj3ymv6h

RSS http://tiny.cc/wbwuwz

YouTube https://tinyurl.com/4kwhu4s7

The Gwart Show is sponsored by Ellipsis Labs, the builders behind Atlas, a blockchain for verifiable finance and Phoenix, an on-chain orderbook DEX with over $50 billion in unincentivized volume.

If you're interested in a mission-driven company, Ellipsis Labs is hiring engineers passionate about crypto and finance to work on Atlas.
Learn more and apply on Twitter at @Ellipsis_Labs and @atlasxyz.

Learn more about your ad choices. Visit megaphone.fm/adchoices