A real on-chain order book for perps: a technical look at Margin Trade on Solana

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<p>Most decentralized exchanges today are built on AMM models.</p> <p>While AMMs solve liquidity bootstrapping, they are not ideal for high-performance trading.</p> <p>In this

<p>I wanted to test out a theory where I have autonomous agents make trading decisions on Solana without handing them private keys. So I built something to simulate that.</p>

<p>Mantle's RWA TVL grew 27.4% quarter-over-quarter to $247.5M in Q1 2026. That's a real, sourced number. But the more interesting story isn't the growth rate it's the positioning