c3cabf0665
- Source: inbox/archive/2026-03-09-mmdhrumil-x-archive.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 6) Pentagon-Agent: Rio <HEADLESS>
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1.5 KiB
Markdown
26 lines
No EOL
1.5 KiB
Markdown
---
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type: entity
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entity_type: company
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name: Archer Exchange
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domain: internet-finance
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status: active
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founded: ~2025
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platform: solana
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key_metrics:
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architecture: "Dedicated order books per market maker with permissionless execution"
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design_principle: "Writable-only-by-you order books + on-chain matching"
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tracked_by: rio
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created: 2026-03-11
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---
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# Archer Exchange
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Archer Exchange is a Solana-based market making infrastructure protocol that implements fully on-chain matching with dedicated, writable-only-by-you order books for each market maker. Co-founded by Dhrumil (@mmdhrumil), Archer's architecture separates write authority (exclusive to each MM) from execution authority (permissionless) to enable competitive quote provision without centralized gatekeeping. The design was inspired by observing that "prop AMMs did extremely well."
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## Timeline
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- **2026-03-09** — Dhrumil describes Archer architecture publicly: dedicated order books per MM, fully on-chain matching, design inspired by prop AMM success
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## Relationship to KB
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- Provides market making infrastructure for [[permissionless leverage on metaDAO ecosystem tokens catalyzes trading volume and price discovery that strengthens governance by making futarchy markets more liquid]]
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- Implements novel mechanism design pattern: [[archer-exchange-implements-dedicated-writable-only-order-books-per-market-maker-enabling-permissionless-on-chain-matching]]
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- Part of Solana DeFi ecosystem referenced in [[solana-defi-will-overtake-hyperliquid-within-two-years-through-composability-advantage-compounding]] |