The narrative around Ethereum’s on-chain supremacy just got a reality check that will send shivers down the spines of CEX maxis. PropAMMs on Ethereum are now posting spreads of just 1.5 basis points compared to Binance VIP9 tier—that’s institutional-grade efficiency on a permissionless network. Compared to Uniswap, the gap is 8 bps. This means the BEST place to execute large ETH trades is NO LONGER a centralized exchange. On-chain has won on price, and the implications for market structure are seismic. 🔥 But let’s not get carried away with blind euphoria. This advantage currently holds true ONLY for trades under $10k. The reason isn't technical—it’s purely a liquidity bottleneck. We’re still in the early innings of a massive migration. As more Market Makers and PropAMMs pile in, liquidity will deepen, spreads will compress further, and the gap between Ethereum and every CEX—and other L1s—will become a chasm. The infrastructure is ready; the capital is just late to the party. 🚨 This is a clear signal that Ethereum is transitioning from a speculative asset to the literal backbone of global finance. The work being done by teams like @titanbuilderxyz and @class_lambda is relentless, pushing the boundaries of what’s possible on-chain. We’re not there yet—there’s still a mountain of optimization ahead—but the trajectory is undeniable. The CEX thesis is crumbling, and if you’re not paying attention, you’re about to get left behind. 💎👑 #Ethereum #DeFi #CryptoNews #ETH #OnChain