$1200

In some ways, I think the crypto apps are successful somehow thread this needle where they find a way to have that type of growth but then also have a way of financializing it

I would dispute that it’s very similar to MEV. There’s a couple reasons for that. The first is the fact that you don’t control the order types. The CME tells you, here’s a limit order, here’s an iceberg order, here’s a go fuck yourself market order and then that’s it. You can’t really program that much around that. You can program a lot around when you send orders and how you aggregate orders, but you can’t really create new orders.