Kyle predicts that Solana's progress will surpass any period in history, becoming the on-chain backbone for complex financial applications.

ChainCatcher News, former Multicoin co-founder Kyle Samani predicts that over the next 18 months, the microstructure improvements in the Solana on-chain market will surpass any other period in cryptocurrency history. Key developments to watch include:

Alpenglow: A major upcoming consensus mechanism upgrade for Solana, one of the largest protocol-level changes in Solana’s history.

ACE (Application Control Execution): A critical innovation in Solana’s core roadmap.

MCL (Multi-Concurrent Block Production): Future Solana upgrades will allow multiple leaders to propose blocks simultaneously, significantly increasing throughput, reducing latency, and improving transaction inclusion times and censorship resistance.

PropAMMs (Proprietary Automated Market Makers): Deployed privately by professional market makers/institutions, using real-time price oracles to update quotes and actively manage liquidity, typically not accepting permissionless deposits.

Aggregators: Platforms like Jupiter, Dflow, etc., aggregate liquidity from multiple DEXs, AMMs, PropAMMs, and other sources to find the best execution paths, offering the lowest slippage and optimal prices for users.

Conditional Liquidity: Designed to prevent market maker sniping, encouraging market makers to offer tighter spreads, ultimately leading to better trade prices and deeper liquidity.

Overall improvements to SVM and schedulers: Including computational unit optimization, asynchronous program execution (APE), scheduler algorithm upgrades, making programs run faster, more resource-efficient, and supporting higher concurrency.