According to Flood (@ThinkingUSD) on Twitter, centralized exchanges (CEXs) have yet to widely implement onchain execution through their own trading terminals, despite competitors like Photon, Axiom, and Azura gaining traction in this space (source: Twitter, May 8, 2025). For active crypto traders, this signals a significant gap in CEX offerings, potentially impacting liquidity flows and trading strategies as decentralized solutions attract more onchain volume. Traders should monitor CEX responses, as future integrations of onchain execution could shift market share and improve access to DeFi liquidity pools.

According to Bold (@boldleonidas), there is a noticeable difference in market sentiment towards Pumpfun and Photon, despite both making significant earnings of $500 million and $400 million respectively. This sentiment could influence trading behavior and market perception, as traders might adjust their positions based on the perceived fairness and market acceptance of these earnings.