# RFQ Related Articles

HTX News Center provides the latest articles and in-depth analysis on "RFQ", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Solana Users Beware: Your SOL Is Being Quietly Harvested in These Ways

A recent article titled "Payment for Order Flow on Solana" has exposed exploitative practices in Solana’s fee market, drawing widespread attention. Similar to traditional finance PFOF models—like Robinhood’s zero-commission trading—Solana applications are leveraging information asymmetry to extract hidden fees from users. Front-end apps and wallets control transaction routing, execution, and fee structures, creating multiple avenues for rent-seeking. These include selling user order flow to market makers, enabling toxic MEV strategies like sandwich attacks, and inflating priority fees and tips. Users—especially retail—are often overcharged due to fear of transaction failure, even when the network isn’t congested. Data shows significant fee disparities: for instance, Axiom users pay median priority fees 200x higher than those paid by high-frequency traders. Much of these excess fees are believed to be captured by the applications themselves, often through kickback arrangements with landing services like Jito. To address these issues, Solana is proposing protocol-level upgrades such as Multiple Concurrent Proposers (MCP) to reduce monopolistic control, Priority Ordering to ensure fair transaction ordering, and a Dynamic Base Fee mechanism to return fee pricing power to the protocol and users. These changes aim to create a more transparent and equitable market structure, essential for Solana’s long-term growth and credibility.

marsbit01/07 06:05

Solana Users Beware: Your SOL Is Being Quietly Harvested in These Ways

marsbit01/07 06:05

The Evolution of Crypto Market Makers: Strategies, Infrastructure, and Emerging Opportunities

The article explores the evolution of crypto market making, covering strategies, infrastructure, and emerging opportunities. It begins with classic strategies like spot vs. ETF arbitrage across exchanges and highlights the role of RFQ systems in Web3, enabling direct interaction with retail users through DEXs, aggregators, and wallets. The discussion moves to multi-chain infrastructure, from wrapped assets to intent-based protocols and solutions like THORChain and Harbor, which facilitate native cross-chain trading. Arbitrage between CeFi and DeFi is identified as a key opportunity, though it requires advanced infrastructure to combat MEV and front-running. The piece also covers derivatives, including perpetuals and options on platforms like Hyperliquid and Ethena, and token market making, often involving structured agreements with protocols. Finally, it emphasizes the importance of venture investing for market makers to gain early access to new opportunities and align with emerging ecosystems.

marsbit12/19 01:09

The Evolution of Crypto Market Makers: Strategies, Infrastructure, and Emerging Opportunities

marsbit12/19 01:09

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