Think this weekend proved something very important: You can have both an ICO and Price Discovery happen onchain simultaneously. The last piece we need to make this the de facto standard is that both asset issuance and price discovery should happen on the same venue. Solana being a general purpose state layer enables apps like Pump (and subsequently their token). HyperCore centralizing their validators and changing ordering rules enables MMs to quote confidently without consensus tx jitter getting in the way. But could you have the best of both in one exchange? Claim, trade, and win — all onchain? As far as I’m aware, there’s only one exchange working to elegantly solve this. The Global Token Exchange.