Solana

This guide explains the design choice behind building DeFi Lab DEX on Solana blockchain.

why solana

Solana is a fast, secure, and censorship resistant blockchain providing the open infrastructure required for global adoption. DeFi Lab is built on the Solana blockchain. Solana was selected for its performance and technical innovations, allowing it to achieve low transaction latency (by blockchain standards), high throughput, and low fees.

DeFi Lab founders recognized a potential for DeFi to reach 1 billion users and $10T of on-chain value. This is no small ambition, and current blockchain limitations encouraged the choice to build on Solana and to address these issues at Layer-1. Specifictions Solana's blockchain is designed to scale natively without sacrificing decentralization or security to be able to support billions of users and devices:

Supporting 50k transactions per seconds (TPS) Block times of approximately 400ms Network fees of $0.0001 per transaction No sharding required These specs allow Solana to handle hundreds of orders per second per market. Solana is also built to scale with Moore's Law, doubling in capacity around every two years with hardware and processing improvements. The current foreseeable roadmap envisions 1m TPS and 150ms block times. Bridges On October 2020, Solana announced Wormhole, a secure and decentralized bridge to Ethereum. Wormhole, the product of a partnership with Certus One, will be first of many decentralized cross-chain bridges on Solana.