The market situation from last night still leaves me shaken when I think about it now. Now that I’ve calmed down and thought it through, it’s clear that opportunities are indeed hidden within dangers. Let’s take this chance to review the liquidity depth and performance of various DEXs and CEXs, so we can make better preparations for future operations. First, let’s compare the performance of $SOL in various DEXs, focusing on those that had significant declines yesterday, good opportunities, and sufficient liquidity, using LST products as a standard👇 First, let’s look at on-chain trading DEXs, starting with the data source📊 Comparison aspects: Lowest Price Hourly K-line Decline 24h Trading Volume $SOL 169.37 - 1.22% 73.24% $BNSOL 189.14 - 6.29% 994% $bbSOL 193.21 - 3.49% 2112% $JitoSOL 209.28 -0.94% 175% It can be seen that in terms of instantaneous price fluctuations, Jito performed excellently, followed by bbSOL; in terms of trading volume increase, bbSOL was the highest, with BNSOL coming in second. Next, let’s compare DEX trading volume and fees. Data source is as follows 🔗 Comparison aspects: Day-on-day VOLUME TVL Day-on-day Fee Meteora -12% -13% No data available Raydium -12% -16% -15% Byreal 707% -13% 533% It can be seen that the TVL decline rates for the three listed are quite similar, but in terms of VOLUME and Fee, Byreal showed significant improvement. In summary: 1⃣ . The price drop situation for LST SOL on DEXs is as follows: bbSOL’s hourly K-line drop was 3.49%, with a lowest price of 193.21, better than BNSOL’s lowest price of 189.14. During the market panic sell-off, bbSOL’s lowest price was close to JupSOL, which is among the top 3 on-chain liquidity tokens on the Solana chain (194). This fully reflects the advantages of bbSOL’s on-chain liquidity pool. 2⃣ . The price drop and decoupling situation for LST SOL on CEXs: BNSOL/SOL had a maximum decoupling degree of over 80%, with the lowest exchange price dropping to 0.12. In comparison, Bybit BBSOL/SOL had a maximum decoupling degree of around 20%, with the lowest exchange price remaining stable above 0.95. BNSOL’s USDT-priced trading pair dropped to 34.9 in extreme panic, with an hourly decline of 84%, and the leverage function is expected to cause large-scale liquidations. In contrast, BBSOL had better minimum prices and decline rates compared to BNSOL (minimum price 161, hourly decline 30%). This indicates the liquidity advantage of BBSO on the Bybit centralized exchange. 3⃣. Byreal’s 24h on-chain trading volume surged to 13.6M, a 707% increase compared to the previous day (the previous day was 1.69M), data source: In this black swan event, Byreal and BBSOL outperformed other similar products in various data aspects on both DEX and CEX. It is estimated that smart on-chain traders and investors have already noticed this, excelling in risk prevention, and the growth in liquidity and fees has high explosive potential. Make sure to pay attention to @byreal_io.