Bulk Trade is developing a novel perp DEX on Solana that aims to offer CEX-level execution speed (20ms updates) and guaranteed fills by processing orders off-chain via a sidecar. If successful, this could attract significant institutional capital to Solana derivatives by solving current L1 bottlenecks and execution compromises. The attached image shows a positive expected value (EV) for Bulk if its execution surpasses drift, particularly with better UI/composability, suggesting potential for strong growth by late 2025.