@solard/cli 0.2.21 → 0.2.23

package/src/price-feed-server.ts

@@ -1,18 +1,17 @@
 import { configure, createMeasure } from "measure-fn";
-import WebSocket, { type RawData } from "ws";
-import bs58 from "bs58";
-import { bondingCurvePda } from "@solard/core";
+import { Connection } from "@solana/web3.js";
 import {
-  Connection,
-  PublicKey,
-  type ParsedTransactionWithMeta,
-} from "@solana/web3.js";
+  subscribeLaunches,
+  subscribeTrades,
+  type LaunchEvent,
+  type TradeEvent,
+  type TradeSubscription,
+} from "@solard/sdk";
 import type {
   PriceFeedCommand,
   PriceFeedLaunch,
   PriceFeedMessage,
   PriceFeedPrice,
-  PriceFeedVenue,
 } from "./price-feed-protocol.ts";
 
 type Flags = Map<string, string>;
@@ -23,52 +22,12 @@ type Client = {
   allPrices: boolean;
 };
 type MintState = {
-  mint: string;
-  venue: "pump" | "raydium-launchlab";
-  decimals: number;
-  supplyUi: number;
-  quoteMint: string | null;
-  quoteDecimals: number;
-  pool: string | null;
-  name: string | null;
-  symbol: string | null;
+  supplyUi: number | null;
   isMayhemMode: boolean | null;
-  lastSeenAtMs: number;
-};
-type PoolState = {
-  pool: string;
-  mint: string;
-  baseDecimals: number;
-  quoteMint: string;
-  quoteDecimals: number;
 };
 
-const PUMP_PROGRAM = new PublicKey(
-  "6EF8rrecthR5Dkzon8Nwu78hRvfCKubJ14M5uBEwF6P",
-);
-const PUMP_AMM_PROGRAM = new PublicKey(
-  "pAMMBay6oceH9fJKBRHGP5D4bD4sWpmSwMn52FMfXEA",
-);
-const LAUNCHLAB_PROGRAM = new PublicKey(
-  "LanMV9sAd7wArD4vJFi2qDdfnVhFxYSUg6eADduJ3uj",
-);
 const WSOL_MINT = "So11111111111111111111111111111111111111112";
 const USDC_MINT = "EPjFWdd5AufqSSqeM2qN1xzybapC8G4wEGGkZwyTDt1v";
-const DEFAULT_PUBKEY = "11111111111111111111111111111111";
-const LAMPORTS_PER_SOL = 1_000_000_000;
-const PUMP_CREATE_EVENT = Buffer.from([27, 114, 169, 77, 222, 235, 99, 118]);
-const PUMP_TRADE_EVENT = Buffer.from([189, 219, 127, 211, 78, 230, 97, 238]);
-const PUMPSWAP_CREATE_EVENT = Buffer.from([
-  177, 49, 12, 210, 160, 118, 167, 116,
-]);
-const PUMPSWAP_BUY_EVENT = Buffer.from([103, 244, 82, 31, 44, 245, 119, 119]);
-const PUMPSWAP_SELL_EVENT = Buffer.from([62, 47, 55, 10, 165, 3, 220, 42]);
-const LAUNCHLAB_CREATE_EVENT = Buffer.from([
-  151, 215, 226, 9, 118, 161, 115, 174,
-]);
-const LAUNCHLAB_TRADE_EVENT = Buffer.from([
-  189, 219, 127, 211, 78, 230, 97, 238,
-]);
 
 function flag(flags: Flags, key: string): string | undefined {
   const value = flags.get(key);
@@ -76,11 +35,11 @@ function flag(flags: Flags, key: string): string | undefined {
 }
 
 function numberFlag(flags: Flags, key: string, fallback: number): number {
-  const value = flag(flags, key);
-  if (value == null) return fallback;
-  const parsed = Number(value);
-  if (!Number.isFinite(parsed)) throw new Error(`Invalid --${key}: ${value}`);
-  return parsed;
+  const raw = flag(flags, key);
+  if (raw == null) return fallback;
+  const value = Number(raw);
+  if (!Number.isFinite(value)) throw new Error(`Invalid --${key}: ${raw}`);
+  return value;
 }
 
 function rpcUrl(flags: Flags): string {
@@ -89,33 +48,36 @@ function rpcUrl(flags: Flags): string {
     process.env.RPC_ENDPOINT?.trim() ??
     process.env.SOLANA_RPC_URL?.trim() ??
     process.env.HELIUS_RPC_URL?.trim();
-  if (!value)
+  if (!value) {
     throw new Error(
       "feed serve requires RPC_ENDPOINT, SOLANA_RPC_URL, HELIUS_RPC_URL, or --rpc <url>",
     );
+  }
   return value;
 }
 
-function websocketUrl(flags: Flags, rpc: string): string {
-  const explicit =
+function websocketUrl(flags: Flags): string | undefined {
+  return (
     flag(flags, "ws") ??
     process.env.SOLANA_WS_URL?.trim() ??
-    process.env.HELIUS_WS_URL?.trim();
-  if (explicit) return explicit;
-  const url = new URL(rpc);
-  if (url.protocol === "https:") url.protocol = "wss:";
-  else if (url.protocol === "http:") url.protocol = "ws:";
-  else if (url.protocol !== "wss:" && url.protocol !== "ws:")
-    throw new Error(`Cannot derive WebSocket endpoint from ${url.protocol}`);
-  return url.toString();
+    process.env.HELIUS_WS_URL?.trim()
+  );
+}
+
+function feedAddress(flags: Flags): { host: string; port: number } {
+  const host = flag(flags, "host") ?? "127.0.0.1";
+  const port = Math.trunc(numberFlag(flags, "port", 8788));
+  if (!(port > 0 && port <= 65_535)) throw new Error("--port must be 1..65535");
+  return { host, port };
 }
 
 function publicEndpoint(value: string): string {
   try {
     const url = new URL(value);
     for (const key of [...url.searchParams.keys()]) {
-      if (/key|token|secret|auth/i.test(key))
+      if (/key|token|secret|auth/i.test(key)) {
         url.searchParams.set(key, "<redacted>");
+      }
     }
     return url.toString();
   } catch {
@@ -126,821 +88,11 @@ function publicEndpoint(value: string): string {
   }
 }
 
-function feedUrl(flags: Flags): { host: string; port: number } {
-  const host = flag(flags, "host") ?? "127.0.0.1";
-  const port = Math.trunc(numberFlag(flags, "port", 8788));
-  if (!(port > 0 && port <= 65535)) throw new Error("--port must be 1..65535");
-  return { host, port };
-}
-
-function sleep(ms: number): Promise<void> {
-  return new Promise((resolve) => setTimeout(resolve, ms));
-}
-
 function errorText(error: unknown): string {
   return error instanceof Error ? error.message : String(error);
 }
 
-function safeErrorText(error: unknown, endpoint?: string): string {
-  let value = errorText(error);
-  if (endpoint) value = value.split(endpoint).join(publicEndpoint(endpoint));
-  value = value.replace(
-    /([?&](?:api-?key|token|secret|auth)=)[^&\s'"]+/gi,
-    "$1<redacted>",
-  );
-  return value;
-}
-
-class RpcPacer {
-  private tail: Promise<unknown> = Promise.resolve();
-  private nextAt = 0;
-  private count = 0;
-  constructor(readonly rps: number) {}
-  get queued(): number {
-    return this.count;
-  }
-  run<T>(fn: () => Promise<T>): Promise<T> {
-    this.count += 1;
-    const step = Math.ceil(1_000 / this.rps);
-    const run = async () => {
-      const wait = Math.max(0, this.nextAt - Date.now());
-      if (wait) await sleep(wait);
-      this.nextAt = Math.max(this.nextAt, Date.now()) + step;
-      try {
-        return await fn();
-      } finally {
-        this.count -= 1;
-      }
-    };
-    const result = this.tail.then(run, run);
-    this.tail = result.then(
-      () => undefined,
-      () => undefined,
-    );
-    return result;
-  }
-}
-
-type LogsEvent = { signature: string; err: unknown; logs: string[] };
-type LogsContext = { slot: number };
-type LogsCallback = (event: LogsEvent, context: LogsContext) => void;
-type DesiredLogSubscription = {
-  pubkey: string;
-  callbacks: Map<number, LogsCallback>;
-  remoteId: number | null;
-};
-
-class StandardLogsMux {
-  private socket: WebSocket | null = null;
-  private desired = new Map<string, DesiredLogSubscription>();
-  private handles = new Map<number, string>();
-  private remoteToPubkey = new Map<number, string>();
-  private requests = new Map<
-    number,
-    { op: "subscribe" | "unsubscribe"; pubkey?: string }
-  >();
-  private nextHandle = 1;
-  private nextRequest = 1;
-  private reconnectTimer: ReturnType<typeof setTimeout> | null = null;
-  private reconnectDelayMs = 500;
-  private stopped = false;
-  private connected = false;
-  private connecting = false;
-  private initialResolve: (() => void) | null = null;
-  private initialReject: ((error: Error) => void) | null = null;
-  private initialTimer: ReturnType<typeof setTimeout> | null = null;
-  private _reconnects = 0;
-  private _lastMessageAtMs = 0;
-
-  constructor(
-    private readonly url: string,
-    private readonly report: <T extends Record<string, unknown>>(
-      label: string,
-      value: T,
-    ) => T,
-  ) {}
-
-  get state(): "connected" | "connecting" | "disconnected" {
-    return this.connected
-      ? "connected"
-      : this.connecting
-        ? "connecting"
-        : "disconnected";
-  }
-  get reconnects(): number {
-    return this._reconnects;
-  }
-  get lastMessageAtMs(): number {
-    return this._lastMessageAtMs;
-  }
-  get subscriptionCount(): number {
-    return this.desired.size;
-  }
-
-  subscribe(pubkey: PublicKey | string, callback: LogsCallback): number {
-    const key = typeof pubkey === "string" ? pubkey : pubkey.toBase58();
-    const handle = this.nextHandle++;
-    let row = this.desired.get(key);
-    if (!row) {
-      row = { pubkey: key, callbacks: new Map(), remoteId: null };
-      this.desired.set(key, row);
-    }
-    row.callbacks.set(handle, callback);
-    this.handles.set(handle, key);
-    if (this.connected && row.remoteId == null) this.sendSubscribe(row);
-    return handle;
-  }
-
-  unsubscribe(handle: number): void {
-    const key = this.handles.get(handle);
-    if (!key) return;
-    this.handles.delete(handle);
-    const row = this.desired.get(key);
-    if (!row) return;
-    row.callbacks.delete(handle);
-    if (row.callbacks.size > 0) return;
-    this.desired.delete(key);
-    if (row.remoteId != null) {
-      this.remoteToPubkey.delete(row.remoteId);
-      this.sendRequest("logsUnsubscribe", [row.remoteId], {
-        op: "unsubscribe",
-      });
-    }
-  }
-
-  async start(timeoutMs = 15_000): Promise<void> {
-    if (this.connected) return;
-    if (this.stopped) throw new Error("WebSocket transport is stopped");
-    if (!this.initialResolve) {
-      const ready = new Promise<void>((resolve, reject) => {
-        this.initialResolve = resolve;
-        this.initialReject = reject;
-      });
-      this.initialTimer = setTimeout(() => {
-        const reject = this.initialReject;
-        this.initialResolve = null;
-        this.initialReject = null;
-        this.initialTimer = null;
-        const error = new Error(
-          `WebSocket did not connect within ${timeoutMs}ms`,
-        );
-        this.stop();
-        reject?.(error);
-      }, timeoutMs);
-      this.connect();
-      return await ready;
-    }
-    return await new Promise<void>((resolve, reject) => {
-      const started = Date.now();
-      const timer = setInterval(() => {
-        if (this.connected) {
-          clearInterval(timer);
-          resolve();
-        } else if (this.stopped) {
-          clearInterval(timer);
-          reject(new Error("WebSocket transport stopped"));
-        } else if (Date.now() - started >= timeoutMs) {
-          clearInterval(timer);
-          reject(new Error(`WebSocket did not connect within ${timeoutMs}ms`));
-        }
-      }, 50);
-    });
-  }
-
-  stop(): void {
-    if (this.stopped && !this.socket) return;
-    this.stopped = true;
-    if (this.reconnectTimer) clearTimeout(this.reconnectTimer);
-    this.reconnectTimer = null;
-    if (this.initialTimer) clearTimeout(this.initialTimer);
-    this.initialTimer = null;
-    const reject = this.initialReject;
-    this.initialResolve = null;
-    this.initialReject = null;
-    const socket = this.socket;
-    this.socket = null;
-    this.connected = false;
-    this.connecting = false;
-    reject?.(new Error("WebSocket transport stopped"));
-    try {
-      socket?.close(1000, "shutdown");
-    } catch {}
-    try {
-      socket?.terminate();
-    } catch {}
-  }
-
-  private connect(): void {
-    if (this.stopped || this.connected || this.connecting) return;
-    this.connecting = true;
-    let socket: WebSocket;
-    try {
-      socket = new WebSocket(this.url, {
-        handshakeTimeout: 10_000,
-        perMessageDeflate: false,
-      });
-    } catch (error) {
-      this.connecting = false;
-      this.report("upstream websocket error", {
-        endpoint: publicEndpoint(this.url),
-        error: safeErrorText(error, this.url),
-      });
-      this.scheduleReconnect();
-      return;
-    }
-    this.socket = socket;
-
-    socket.on("open", () => {
-      if (this.socket !== socket || this.stopped) return;
-      this.connecting = false;
-      this.connected = true;
-      this.reconnectDelayMs = 500;
-      this.remoteToPubkey.clear();
-      this.requests.clear();
-      for (const row of this.desired.values()) row.remoteId = null;
-      for (const row of this.desired.values()) this.sendSubscribe(row);
-      this.report("upstream websocket connected", {
-        endpoint: publicEndpoint(this.url),
-        subscriptions: this.desired.size,
-        reconnects: this._reconnects,
-      });
-      if (this.initialTimer) clearTimeout(this.initialTimer);
-      this.initialTimer = null;
-      const resolve = this.initialResolve;
-      this.initialResolve = null;
-      this.initialReject = null;
-      resolve?.();
-    });
-
-    socket.on("unexpected-response", (_request, response) => {
-      if (this.socket !== socket || this.stopped) return;
-      this.report("upstream websocket handshake rejected", {
-        endpoint: publicEndpoint(this.url),
-        statusCode: response.statusCode ?? null,
-        statusMessage: response.statusMessage ?? null,
-        retryAfter: response.headers["retry-after"] ?? null,
-      });
-      try {
-        response.resume();
-      } catch {}
-    });
-
-    socket.on("message", (raw: RawData) => {
-      if (this.socket !== socket) return;
-      this._lastMessageAtMs = Date.now();
-      let message: any;
-      try {
-        message = JSON.parse(raw.toString());
-      } catch {
-        return;
-      }
-      if (message && typeof message.id === "number") {
-        const request = this.requests.get(message.id);
-        this.requests.delete(message.id);
-        if (!request) return;
-        if (message.error) {
-          this.report("upstream subscription error", {
-            endpoint: publicEndpoint(this.url),
-            pubkey: request.pubkey ?? null,
-            code: message.error.code ?? null,
-            error: String(message.error.message ?? "subscription failed"),
-          });
-          return;
-        }
-        if (
-          request.op === "subscribe" &&
-          request.pubkey &&
-          typeof message.result === "number"
-        ) {
-          const row = this.desired.get(request.pubkey);
-          if (!row) {
-            this.sendRequest("logsUnsubscribe", [message.result], {
-              op: "unsubscribe",
-            });
-            return;
-          }
-          row.remoteId = message.result;
-          this.remoteToPubkey.set(message.result, request.pubkey);
-        }
-        return;
-      }
-      if (message?.method !== "logsNotification") return;
-      const remote = Number(message?.params?.subscription);
-      const key = this.remoteToPubkey.get(remote);
-      if (!key) return;
-      const row = this.desired.get(key);
-      if (!row) return;
-      const value = message?.params?.result?.value;
-      const slot = Number(message?.params?.result?.context?.slot ?? 0);
-      if (
-        !value ||
-        typeof value.signature !== "string" ||
-        !Array.isArray(value.logs)
-      )
-        return;
-      const normalized: LogsEvent = {
-        signature: value.signature,
-        err: value.err ?? null,
-        logs: value.logs.map(String),
-      };
-      const context: LogsContext = { slot };
-      for (const callback of row.callbacks.values()) {
-        try {
-          callback(normalized, context);
-        } catch (error) {
-          this.report("upstream callback error", {
-            pubkey: key,
-            error: safeErrorText(error, this.url),
-          });
-        }
-      }
-    });
-
-    socket.on("error", (error) => {
-      if (this.socket !== socket || this.stopped) return;
-      this.report("upstream websocket error", {
-        endpoint: publicEndpoint(this.url),
-        error: safeErrorText(error, this.url),
-      });
-    });
-
-    socket.on("close", (code, reason) => {
-      if (this.socket !== socket) return;
-      this.socket = null;
-      const wasConnected = this.connected;
-      this.connected = false;
-      this.connecting = false;
-      this.remoteToPubkey.clear();
-      this.requests.clear();
-      for (const row of this.desired.values()) row.remoteId = null;
-      if (this.stopped) return;
-      if (wasConnected) this._reconnects += 1;
-      this.report("upstream websocket disconnected", {
-        endpoint: publicEndpoint(this.url),
-        code,
-        reason: reason.length ? reason.toString() : null,
-        retryInMs: this.reconnectDelayMs,
-      });
-      this.scheduleReconnect();
-    });
-  }
-
-  private scheduleReconnect(): void {
-    if (this.stopped || this.reconnectTimer) return;
-    const delay = this.reconnectDelayMs;
-    this.reconnectTimer = setTimeout(() => {
-      this.reconnectTimer = null;
-      this.connect();
-    }, delay);
-    this.reconnectDelayMs = Math.min(30_000, this.reconnectDelayMs * 2);
-  }
-
-  private sendSubscribe(row: DesiredLogSubscription): void {
-    this.sendRequest(
-      "logsSubscribe",
-      [{ mentions: [row.pubkey] }, { commitment: "processed" }],
-      { op: "subscribe", pubkey: row.pubkey },
-    );
-  }
-
-  private sendRequest(
-    method: string,
-    params: unknown[],
-    request: { op: "subscribe" | "unsubscribe"; pubkey?: string },
-  ): void {
-    const socket = this.socket;
-    if (!this.connected || !socket || socket.readyState !== WebSocket.OPEN)
-      return;
-    const id = this.nextRequest++;
-    this.requests.set(id, request);
-    try {
-      socket.send(JSON.stringify({ jsonrpc: "2.0", id, method, params }));
-    } catch (error) {
-      this.requests.delete(id);
-      this.report("upstream websocket send error", {
-        endpoint: publicEndpoint(this.url),
-        error: safeErrorText(error, this.url),
-      });
-    }
-  }
-}
-
-class Cursor {
-  private offset: number;
-  constructor(
-    private readonly data: Buffer,
-    offset = 0,
-  ) {
-    this.offset = offset;
-  }
-  get remaining(): number {
-    return this.data.length - this.offset;
-  }
-  skip(n: number): void {
-    if (this.remaining < n) throw new Error("truncated event");
-    this.offset += n;
-  }
-  u8(): number {
-    if (this.remaining < 1) throw new Error("truncated u8");
-    return this.data[this.offset++]!;
-  }
-  u16(): number {
-    if (this.remaining < 2) throw new Error("truncated u16");
-    const value = this.data.readUInt16LE(this.offset);
-    this.offset += 2;
-    return value;
-  }
-  u64(): bigint {
-    if (this.remaining < 8) throw new Error("truncated u64");
-    const value = this.data.readBigUInt64LE(this.offset);
-    this.offset += 8;
-    return value;
-  }
-  i64(): bigint {
-    if (this.remaining < 8) throw new Error("truncated i64");
-    const value = this.data.readBigInt64LE(this.offset);
-    this.offset += 8;
-    return value;
-  }
-  bool(): boolean {
-    return this.u8() !== 0;
-  }
-  pubkey(): string {
-    if (this.remaining < 32) throw new Error("truncated pubkey");
-    const value = bs58.encode(
-      this.data.subarray(this.offset, this.offset + 32),
-    );
-    this.offset += 32;
-    return value;
-  }
-  string(): string {
-    if (this.remaining < 4) throw new Error("truncated string length");
-    const length = this.data.readUInt32LE(this.offset);
-    this.offset += 4;
-    if (length > 16_384 || this.remaining < length)
-      throw new Error("truncated string");
-    const value = this.data
-      .subarray(this.offset, this.offset + length)
-      .toString("utf8");
-    this.offset += length;
-    return value;
-  }
-}
-
-function dataEvents(logs: readonly string[]): Buffer[] {
-  const rows: Buffer[] = [];
-  for (const line of logs) {
-    const match = /^(?:Program data|Program return: \S+):\s+(.+)$/.exec(
-      line.trim(),
-    );
-    if (!match) continue;
-    try {
-      rows.push(Buffer.from(match[1]!, "base64"));
-    } catch {}
-  }
-  return rows;
-}
-
-function starts(data: Buffer, discriminator: Buffer): boolean {
-  return (
-    data.length >= discriminator.length &&
-    data.subarray(0, discriminator.length).equals(discriminator)
-  );
-}
-
-function pumpCreate(data: Buffer): PriceFeedLaunch | null {
-  if (!starts(data, PUMP_CREATE_EVENT)) return null;
-  try {
-    const c = new Cursor(data, 8);
-    const name = c.string();
-    const symbol = c.string();
-    c.string();
-    const mint = c.pubkey();
-    c.pubkey();
-    c.pubkey();
-    c.pubkey();
-    const timestamp = Number(c.i64()) * 1_000;
-    c.u64();
-    c.u64();
-    c.u64();
-    const supplyRaw = c.u64();
-    c.pubkey();
-    const isMayhemMode = c.bool();
-    if (c.remaining > 0) c.bool();
-    const rawQuoteMint = c.remaining >= 32 ? c.pubkey() : WSOL_MINT;
-    const quoteMint =
-      rawQuoteMint === DEFAULT_PUBKEY ? WSOL_MINT : rawQuoteMint;
-    const decimals = 6;
-    return {
-      type: "launch",
-      atMs: timestamp > 0 ? timestamp : Date.now(),
-      signature: null,
-      slot: null,
-      mint,
-      venue: "pump",
-      decimals,
-      supplyUi: Number(supplyRaw) / 10 ** decimals,
-      quoteMint,
-      pool: null,
-      name: name || null,
-      symbol: symbol || null,
-      isMayhemMode,
-    };
-  } catch {
-    return null;
-  }
-}
-
-function pumpTrade(data: Buffer): {
-  mint: string;
-  atMs: number;
-  virtualSol: bigint;
-  virtualToken: bigint;
-} | null {
-  if (!starts(data, PUMP_TRADE_EVENT)) return null;
-  try {
-    const c = new Cursor(data, 8);
-    const mint = c.pubkey();
-    c.u64();
-    c.u64();
-    c.bool();
-    c.pubkey();
-    const atMs = Number(c.i64()) * 1_000;
-    const virtualSol = c.u64();
-    const virtualToken = c.u64();
-    if (virtualSol <= 0n || virtualToken <= 0n) return null;
-    return {
-      mint,
-      atMs: atMs > 0 ? atMs : Date.now(),
-      virtualSol,
-      virtualToken,
-    };
-  } catch {
-    return null;
-  }
-}
-
-function pumpSwapCreate(data: Buffer): (PoolState & { atMs: number }) | null {
-  if (!starts(data, PUMPSWAP_CREATE_EVENT)) return null;
-  try {
-    const c = new Cursor(data, 8);
-    const atMs = Number(c.i64()) * 1_000;
-    c.u16();
-    c.pubkey();
-    const mint = c.pubkey();
-    const quoteMint = c.pubkey();
-    const baseDecimals = c.u8();
-    const quoteDecimals = c.u8();
-    for (let i = 0; i < 7; i += 1) c.u64();
-    c.u8();
-    const pool = c.pubkey();
-    return { pool, mint, baseDecimals, quoteMint, quoteDecimals, atMs };
-  } catch {
-    return null;
-  }
-}
-
-function pumpSwapTrade(data: Buffer): {
-  pool: string;
-  atMs: number;
-  baseRaw: bigint;
-  quoteRaw: bigint;
-} | null {
-  const buy = starts(data, PUMPSWAP_BUY_EVENT);
-  const sell = starts(data, PUMPSWAP_SELL_EVENT);
-  if (!buy && !sell) return null;
-  try {
-    const c = new Cursor(data, 8);
-    const atMs = Number(c.i64()) * 1_000;
-    c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    const baseRaw = c.u64();
-    const quoteRaw = c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    c.u64();
-    const pool = c.pubkey();
-    return { pool, atMs: atMs > 0 ? atMs : Date.now(), baseRaw, quoteRaw };
-  } catch {
-    return null;
-  }
-}
-
-function launchLabPoolCreate(data: Buffer): string | null {
-  if (!starts(data, LAUNCHLAB_CREATE_EVENT)) return null;
-  try {
-    return new Cursor(data, 8).pubkey();
-  } catch {
-    return null;
-  }
-}
-
-function launchLabTrade(data: Buffer): {
-  pool: string;
-  virtualBase: bigint;
-  virtualQuote: bigint;
-} | null {
-  if (!starts(data, LAUNCHLAB_TRADE_EVENT)) return null;
-  try {
-    const c = new Cursor(data, 8);
-    const pool = c.pubkey();
-    c.u64();
-    const virtualBase = c.u64();
-    const virtualQuote = c.u64();
-    return { pool, virtualBase, virtualQuote };
-  } catch {
-    return null;
-  }
-}
-
-function keyText(value: unknown): string | null {
-  if (typeof value === "string") return value;
-  if (value && typeof (value as any).toBase58 === "function")
-    return (value as any).toBase58();
-  if (value && typeof (value as any).pubkey?.toBase58 === "function")
-    return (value as any).pubkey.toBase58();
-  if (value && typeof (value as any).pubkey === "string")
-    return (value as any).pubkey;
-  return null;
-}
-
-function instructions(tx: ParsedTransactionWithMeta): any[] {
-  const outer = ((tx.transaction.message as any).instructions ?? []) as any[];
-  const inner = (tx.meta?.innerInstructions ?? []).flatMap(
-    (group: any) => group.instructions ?? [],
-  );
-  return [...outer, ...inner];
-}
-
-function initializedMints(tx: ParsedTransactionWithMeta): string[] {
-  const out = new Set<string>();
-  for (const ix of instructions(tx)) {
-    const parsed = (ix as any)?.parsed;
-    const type = String(parsed?.type ?? "").toLowerCase();
-    if (type !== "initializemint" && type !== "initializemint2") continue;
-    const mint =
-      keyText(parsed?.info?.mint) ?? String(parsed?.info?.mint ?? "");
-    if (mint && mint !== WSOL_MINT && mint !== USDC_MINT) out.add(mint);
-  }
-  return [...out];
-}
-
-function tokenBalances(rows: readonly any[] | null | undefined) {
-  return (rows ?? []).map((row) => ({
-    accountIndex: Number(row.accountIndex),
-    mint: String(row.mint ?? ""),
-    owner: row.owner ? String(row.owner) : null,
-    raw: (() => {
-      try {
-        return BigInt(String(row?.uiTokenAmount?.amount ?? "0"));
-      } catch {
-        return 0n;
-      }
-    })(),
-    decimals: Number(row?.uiTokenAmount?.decimals ?? 0),
-  }));
-}
-
-function supplyFromTransaction(
-  tx: ParsedTransactionWithMeta,
-  mint: string,
-): { decimals: number; supplyUi: number } | null {
-  const rows = tokenBalances(tx.meta?.postTokenBalances).filter(
-    (row) => row.mint === mint,
-  );
-  if (!rows.length) return null;
-  const decimals = rows[0]!.decimals;
-  const byAccount = new Map<number, bigint>();
-  for (const row of rows) byAccount.set(row.accountIndex, row.raw);
-  const raw = [...byAccount.values()].reduce((sum, value) => sum + value, 0n);
-  const supplyUi = Number(raw) / 10 ** decimals;
-  return Number.isFinite(supplyUi) && supplyUi > 0
-    ? { decimals, supplyUi }
-    : null;
-}
-
-function signerKeys(tx: ParsedTransactionWithMeta): Set<string> {
-  return new Set(
-    (((tx.transaction.message as any).accountKeys ?? []) as any[])
-      .filter((row) => row && typeof row === "object" && row.signer === true)
-      .map((row) => keyText(row))
-      .filter((row): row is string => Boolean(row)),
-  );
-}
-
-function accountKeys(tx: ParsedTransactionWithMeta): string[] {
-  return (((tx.transaction.message as any).accountKeys ?? []) as any[])
-    .map((row) => keyText(row))
-    .filter((row): row is string => Boolean(row));
-}
-
-function ownerDelta(
-  tx: ParsedTransactionWithMeta,
-  mint: string,
-  owner: string,
-): bigint {
-  const pre = tokenBalances(tx.meta?.preTokenBalances);
-  const post = tokenBalances(tx.meta?.postTokenBalances);
-  const indexes = new Set<number>();
-  for (const row of [...pre, ...post])
-    if (row.mint === mint && row.owner === owner) indexes.add(row.accountIndex);
-  let total = 0n;
-  for (const index of indexes) {
-    const before =
-      pre.find((row) => row.accountIndex === index && row.mint === mint)?.raw ??
-      0n;
-    const after =
-      post.find((row) => row.accountIndex === index && row.mint === mint)
-        ?.raw ?? 0n;
-    total += after - before;
-  }
-  return total;
-}
-
-function tokenAccountRentDelta(
-  tx: ParsedTransactionWithMeta,
-  owner: string,
-): bigint {
-  if (!tx.meta) return 0n;
-  const pre = tokenBalances(tx.meta.preTokenBalances);
-  const post = tokenBalances(tx.meta.postTokenBalances);
-  const indices = new Set(
-    [...pre, ...post]
-      .filter((row) => row.owner === owner)
-      .map((row) => row.accountIndex),
-  );
-  let total = 0n;
-  for (const index of indices) {
-    const before = BigInt(Math.trunc(Number(tx.meta.preBalances[index] ?? 0)));
-    const after = BigInt(Math.trunc(Number(tx.meta.postBalances[index] ?? 0)));
-    const pairPre = pre.find((row) => row.accountIndex === index);
-    const pairPost = post.find((row) => row.accountIndex === index);
-    let delta = after - before;
-    if ((pairPost?.mint ?? pairPre?.mint) === WSOL_MINT)
-      delta -= (pairPost?.raw ?? 0n) - (pairPre?.raw ?? 0n);
-    total += delta;
-  }
-  return total;
-}
-
-function genericPrice(
-  tx: ParsedTransactionWithMeta,
-  mint: string,
-  decimals: number,
-): { atMs: number; priceSol: number | null; priceUsd: number | null } | null {
-  if (!tx.meta || tx.meta.err) return null;
-  const pre = tokenBalances(tx.meta.preTokenBalances);
-  const post = tokenBalances(tx.meta.postTokenBalances);
-  const signers = signerKeys(tx);
-  const owners = new Set<string>();
-  for (const row of [...pre, ...post])
-    if (row.mint === mint && row.owner && signers.has(row.owner))
-      owners.add(row.owner);
-  const keys = accountKeys(tx);
-  for (const owner of owners) {
-    const tokenDelta = ownerDelta(tx, mint, owner);
-    if (tokenDelta === 0n) continue;
-    const tokenUi = Math.abs(Number(tokenDelta)) / 10 ** decimals;
-    if (!(tokenUi > 0)) continue;
-    const ownerIndex = keys.indexOf(owner);
-    if (ownerIndex >= 0) {
-      const before = BigInt(
-        Math.trunc(Number(tx.meta.preBalances[ownerIndex] ?? 0)),
-      );
-      const after = BigInt(
-        Math.trunc(Number(tx.meta.postBalances[ownerIndex] ?? 0)),
-      );
-      const fee = keys[0] === owner ? BigInt(tx.meta.fee ?? 0) : 0n;
-      const rent = tokenAccountRentDelta(tx, owner);
-      const wsol = ownerDelta(tx, WSOL_MINT, owner);
-      const delta = after - before + fee + rent + wsol;
-      const solUi = Math.abs(Number(delta)) / LAMPORTS_PER_SOL;
-      if (solUi > 0)
-        return {
-          atMs: (tx.blockTime ?? Math.floor(Date.now() / 1000)) * 1_000,
-          priceSol: solUi / tokenUi,
-          priceUsd: null,
-        };
-    }
-    const usdc = ownerDelta(tx, USDC_MINT, owner);
-    const usdcUi = Math.abs(Number(usdc)) / 1_000_000;
-    if (usdcUi > 0)
-      return {
-        atMs: (tx.blockTime ?? Math.floor(Date.now() / 1000)) * 1_000,
-        priceSol: null,
-        priceUsd: usdcUi / tokenUi,
-      };
-  }
-  return null;
-}
-
-async function fetchJson(url: string): Promise<any> {
+async function fetchJson(url: string): Promise<unknown> {
   const controller = new AbortController();
   const timer = setTimeout(() => controller.abort(), 5_000);
   try {
@@ -957,18 +109,19 @@ async function fetchJson(url: string): Promise<any> {
 
 async function loadSolUsd(): Promise<number> {
   try {
-    const raw = await fetchJson(
+    const raw = (await fetchJson(
       "https://api.coinbase.com/v2/prices/SOL-USD/spot",
-    );
-    const value = Number(raw?.data?.amount);
+    )) as { data?: { amount?: unknown } };
+    const value = Number(raw.data?.amount);
     if (Number.isFinite(value) && value > 0) return value;
   } catch {}
-  const raw = await fetchJson(
+  const raw = (await fetchJson(
     "https://api.coingecko.com/api/v3/simple/price?ids=solana&vs_currencies=usd",
-  );
-  const value = Number(raw?.solana?.usd);
-  if (!Number.isFinite(value) || value <= 0)
+  )) as { solana?: { usd?: unknown } };
+  const value = Number(raw.solana?.usd);
+  if (!Number.isFinite(value) || value <= 0) {
     throw new Error("SOL/USD unavailable");
+  }
   return value;
 }
 
@@ -988,331 +141,280 @@ export async function runPriceFeedServerCommand(args: {
     value: T,
   ): T =>
     m.sync({ start: () => label, end: (result: T) => result }, () => value);
-  const { host, port } = feedUrl(args.flags);
+  const { host, port } = feedAddress(args.flags);
   const rpc = rpcUrl(args.flags);
-  const ws = websocketUrl(args.flags, rpc);
-  const connection = new Connection(rpc, "confirmed");
-  const logsMux = new StandardLogsMux(ws, report);
-  const hardRps = Math.max(1, Math.trunc(numberFlag(args.flags, "rpc-rps", 5)));
-  const readRps = Math.max(
-    1,
-    Math.min(hardRps, Math.trunc(numberFlag(args.flags, "rpc-read-rps", 2))),
-  );
-  const pacer = new RpcPacer(readRps);
+  const ws = websocketUrl(args.flags);
   const includeMayhem = args.flags.has("include-mayhem");
-  const maxFallbackSubscriptions = Math.max(
-    1,
-    Math.trunc(numberFlag(args.flags, "max-fallback-subs", 200)),
+  const connection = new Connection(
+    rpc,
+    ws ? { commitment: "confirmed", wsEndpoint: ws } : "confirmed",
   );
-  const clients = new Map<any, Client>();
-  const mints = new Map<string, MintState>();
-  const pools = new Map<string, PoolState>();
-  const launchesByMint = new Map<string, PriceFeedLaunch>();
+  const controller = new AbortController();
+  const clients = new Map<unknown, Client>();
+  const launches = new Map<string, PriceFeedLaunch>();
   const latest = new Map<string, PriceFeedPrice>();
-  const fallbackSubs = new Map<string, { id: number; refs: number }>();
-  const fallbackOps = new Map<string, Promise<void>>();
-  const pendingFallback = new Map<string, string>();
-  const createFetches = new Set<string>();
-  const programSubs: number[] = [];
-  let launches = 0;
-  let prices = 0;
-  let clientConnections = 0;
-  let coalescedFallback = 0;
-  let rpcErrors = 0;
-  let stopped = false;
+  const mintState = new Map<string, MintState>();
+  const discoveredMints = new Set<string>();
+  const explicitMintRefs = new Map<string, number>();
+  let tradeSubscription: TradeSubscription | null = null;
+  let allPriceClients = 0;
   let solUsd: number | null = null;
-  let solUsdAt = 0;
-  let solUsdRetryAt = 0;
-  let solUsdFailures = 0;
-  let solUsdPromise: Promise<number | null> | null = null;
-
-  const refreshSolUsd = async () => {
-    const now = Date.now();
-    if (solUsd != null && now - solUsdAt < 60_000) return solUsd;
-    if (now < solUsdRetryAt) return solUsd;
-    if (solUsdPromise) return await solUsdPromise;
-    solUsdPromise = (async () => {
-      try {
-        solUsd = await loadSolUsd();
-        solUsdAt = Date.now();
-        solUsdRetryAt = 0;
-        solUsdFailures = 0;
-      } catch (error) {
-        solUsdFailures += 1;
-        const retry = Math.min(
-          300_000,
-          15_000 * 2 ** Math.min(5, solUsdFailures - 1),
-        );
-        solUsdRetryAt = Date.now() + retry;
-        report("sol/usd unavailable", {
-          error: errorText(error),
-          failures: solUsdFailures,
-          retryInMs: retry,
-          usingCached: solUsd != null,
-        });
-      } finally {
-        solUsdPromise = null;
-      }
-      return solUsd;
-    })();
-    return await solUsdPromise;
-  };
+  let launchCount = 0;
+  let tradeCount = 0;
+  let priceCount = 0;
+  let stopped = false;
 
-  const send = (ws: any, value: PriceFeedMessage) => {
+  const send = (
+    socket: { send(value: string): unknown },
+    value: PriceFeedMessage,
+  ): void => {
     try {
-      ws.send(JSON.stringify(value));
+      socket.send(JSON.stringify(value));
     } catch {}
   };
 
-  const broadcast = (value: PriceFeedMessage) => {
-    for (const [ws, client] of clients) {
+  const broadcast = (value: PriceFeedMessage): void => {
+    for (const [socket, client] of clients) {
+      const target = socket as { send(value: string): unknown };
       if (value.type === "launch") {
-        if (client.launches) send(ws, value);
-      } else if (value.type === "price") {
-        if (client.allPrices || client.mints.has(value.mint)) send(ws, value);
-      } else send(ws, value);
+        if (client.launches) send(target, value);
+        continue;
+      }
+      if (value.type === "price") {
+        if (client.allPrices || client.mints.has(value.mint))
+          send(target, value);
+        continue;
+      }
+      send(target, value);
     }
   };
 
-  const emitLaunch = (value: PriceFeedLaunch) => {
-    if (value.isMayhemMode === true && !includeMayhem) return;
-    const existing = mints.get(value.mint);
-    mints.set(value.mint, {
-      ...(existing ?? {}),
-      mint: value.mint,
-      venue: value.venue,
-      decimals: value.decimals,
-      supplyUi: value.supplyUi,
-      quoteMint: value.quoteMint,
-      quoteDecimals: value.quoteMint === USDC_MINT ? 6 : 9,
-      pool: value.pool ?? existing?.pool ?? null,
-      name: value.name ?? existing?.name ?? null,
-      symbol: value.symbol ?? existing?.symbol ?? null,
-      isMayhemMode: value.isMayhemMode,
-      lastSeenAtMs: value.atMs,
+  const shouldWatchMint = (mint: string): boolean =>
+    (explicitMintRefs.get(mint) ?? 0) > 0 ||
+    (allPriceClients > 0 && discoveredMints.has(mint));
+
+  const syncMintSubscription = async (mint: string): Promise<void> => {
+    if (!tradeSubscription) return;
+    const watched = tradeSubscription.hasToken(mint);
+    const desired = shouldWatchMint(mint);
+    if (desired && !watched) await tradeSubscription.addTokens(mint);
+    if (!desired && watched) await tradeSubscription.removeTokens(mint);
+  };
+
+  const syncDiscoveredSubscriptions = async (): Promise<void> => {
+    await Promise.allSettled(
+      [...discoveredMints].map((mint) => syncMintSubscription(mint)),
+    );
+  };
+
+  const onLaunch = async (event: LaunchEvent): Promise<void> => {
+    if (event.isMayhemMode === true && !includeMayhem) return;
+    const value: PriceFeedLaunch = {
+      type: "launch",
+      atMs: event.atMs,
+      signature: event.signature,
+      slot: event.slot,
+      mint: event.mint,
+      venue: event.venue,
+      decimals: event.decimals,
+      supplyUi: event.supplyUi,
+      quoteMint: event.quoteMint,
+      pool: event.pool,
+      name: event.name,
+      symbol: event.symbol,
+      isMayhemMode: event.isMayhemMode,
+    };
+    mintState.set(event.mint, {
+      supplyUi: event.supplyUi,
+      isMayhemMode: event.isMayhemMode,
     });
-    launchesByMint.set(value.mint, value);
-    launches += 1;
+    launches.set(event.mint, value);
+    discoveredMints.add(event.mint);
+    launchCount += 1;
     broadcast(value);
+    await syncMintSubscription(event.mint);
   };
 
-  const emitPrice = async (
-    input: Omit<PriceFeedPrice, "priceUsd" | "marketCapUsd"> & {
-      priceUsd?: number | null;
-      marketCapUsd?: number | null;
-    },
-  ) => {
-    const state = mints.get(input.mint);
+  const onTrade = (event: TradeEvent): void => {
+    tradeCount += 1;
+    if (event.priceQuote == null) return;
+    const state = mintState.get(event.mint);
     if (state?.isMayhemMode === true && !includeMayhem) return;
-    const usd =
-      input.priceUsd ??
-      (input.priceSol != null
-        ? (await refreshSolUsd()) != null
-          ? input.priceSol * solUsd!
-          : null
-        : null);
-    const marketCapUsd =
-      input.marketCapUsd ??
-      (usd != null && state?.supplyUi ? usd * state.supplyUi : null);
-    const value: PriceFeedPrice = { ...input, priceUsd: usd, marketCapUsd };
-    latest.set(value.mint, value);
-    if (state) state.lastSeenAtMs = Math.max(state.lastSeenAtMs, value.atMs);
-    prices += 1;
+    let priceSol: number | null = null;
+    let priceUsd: number | null = null;
+    if (event.quoteMint === WSOL_MINT) {
+      priceSol = event.priceQuote;
+      priceUsd = solUsd == null ? null : event.priceQuote * solUsd;
+    } else if (event.quoteMint === USDC_MINT) {
+      priceUsd = event.priceQuote;
+      priceSol = solUsd == null ? null : event.priceQuote / solUsd;
+    }
+    const value: PriceFeedPrice = {
+      type: "price",
+      atMs: event.atMs,
+      signature: event.signature,
+      slot: event.slot,
+      mint: event.mint,
+      venue: event.venue,
+      priceSol,
+      priceUsd,
+      marketCapUsd:
+        priceUsd != null && state?.supplyUi != null
+          ? priceUsd * state.supplyUi
+          : null,
+      source: `${event.venue}-trade-event`,
+    };
+    latest.set(event.mint, value);
+    priceCount += 1;
     broadcast(value);
   };
 
-  const bootstrapMint = async (mint: string) => {
-    if (mints.has(mint)) return;
-    try {
-      const key = new PublicKey(mint);
-      const supply = await pacer.run(() =>
-        connection.getTokenSupply(key, "confirmed"),
-      );
-      const curve = await pacer.run(() =>
-        connection.getAccountInfo(bondingCurvePda(key), "confirmed"),
-      );
-      const supplyUi = Number(supply.value.uiAmountString ?? "0");
-      const state: MintState = {
-        mint,
-        venue: "pump",
-        decimals: supply.value.decimals,
-        supplyUi,
-        quoteMint: WSOL_MINT,
-        quoteDecimals: 9,
-        pool: null,
-        name: null,
-        symbol: null,
-        isMayhemMode: null,
-        lastSeenAtMs: Date.now(),
-      };
-      mints.set(mint, state);
-      if (
-        curve &&
-        curve.owner.equals(PUMP_PROGRAM) &&
-        curve.data.length >= 49
-      ) {
-        const data = Buffer.from(curve.data);
-        const base = data.readBigUInt64LE(8);
-        const quote = data.readBigUInt64LE(16);
-        if (base > 0n && quote > 0n) {
-          const priceSol =
-            Number(quote) /
-            LAMPORTS_PER_SOL /
-            (Number(base) / 10 ** state.decimals);
-          await emitPrice({
-            type: "price",
-            atMs: Date.now(),
-            signature: null,
-            slot: null,
-            mint,
-            venue: "pump",
-            priceSol,
-            source: "bootstrap-curve",
-          });
-        }
-      }
-    } catch (error) {
-      report("mint bootstrap error", { mint, error: errorText(error) });
-    }
+  const updateExplicitMintRef = async (
+    mint: string,
+    delta: 1 | -1,
+  ): Promise<void> => {
+    const next = Math.max(0, (explicitMintRefs.get(mint) ?? 0) + delta);
+    if (next === 0) explicitMintRefs.delete(mint);
+    else explicitMintRefs.set(mint, next);
+    await syncMintSubscription(mint);
   };
 
-  const refreshFallbackRef = async (mint: string) => {
-    let refs = 0;
-    for (const client of clients.values())
-      if (client.mints.has(mint)) refs += 1;
-    const existing = fallbackSubs.get(mint);
-    if (refs === 0) {
-      if (existing) {
-        fallbackSubs.delete(mint);
-        logsMux.unsubscribe(existing.id);
-      }
-      return;
-    }
-    if (existing) {
-      existing.refs = refs;
-      return;
-    }
-    if (fallbackSubs.size >= maxFallbackSubscriptions) {
-      report("fallback subscription budget reached", {
-        mint,
-        active: fallbackSubs.size,
-        limit: maxFallbackSubscriptions,
-      });
-      return;
-    }
-    await bootstrapMint(mint);
-    const id = logsMux.subscribe(new PublicKey(mint), (event) => {
-      if (event.err) return;
-      if (
-        pendingFallback.has(mint) &&
-        pendingFallback.get(mint) !== event.signature
-      )
-        coalescedFallback += 1;
-      pendingFallback.set(mint, event.signature);
-    });
-    fallbackSubs.set(mint, { id, refs });
+  const enableAllPrices = async (client: Client): Promise<void> => {
+    if (client.allPrices) return;
+    client.allPrices = true;
+    allPriceClients += 1;
+    if (allPriceClients === 1) await syncDiscoveredSubscriptions();
   };
 
-  const queueFallbackRefresh = (mint: string) => {
-    const previous = fallbackOps.get(mint) ?? Promise.resolve();
-    const next = previous
-      .then(() => refreshFallbackRef(mint))
-      .catch((error) =>
-        report("fallback subscription error", {
-          mint,
-          error: errorText(error),
-        }),
-      )
-      .then(() => undefined);
-    fallbackOps.set(mint, next);
-    void next.finally(() => {
-      if (fallbackOps.get(mint) === next) fallbackOps.delete(mint);
-    });
+  const disableAllPrices = async (client: Client): Promise<void> => {
+    if (!client.allPrices) return;
+    client.allPrices = false;
+    allPriceClients = Math.max(0, allPriceClients - 1);
+    if (allPriceClients === 0) await syncDiscoveredSubscriptions();
   };
 
-  const applyClientCommand = (ws: any, command: PriceFeedCommand) => {
-    const client = clients.get(ws);
+  const applyCommand = async (
+    socket: unknown,
+    command: PriceFeedCommand,
+  ): Promise<void> => {
+    const client = clients.get(socket);
     if (!client) return;
+    const target = socket as { send(value: string): unknown };
     if (command.op === "ping") {
-      send(ws, { type: "status", atMs: Date.now(), event: "pong" });
+      send(target, { type: "status", atMs: Date.now(), event: "pong" });
       return;
     }
-    const rows = (command.mints ?? []).filter(Boolean);
+    const mints: string[] = [...new Set((command.mints ?? []).filter(Boolean))];
     if (command.op === "subscribe") {
       if (command.launches === true && !client.launches) {
         client.launches = true;
-        for (const launch of launchesByMint.values()) send(ws, launch);
+        for (const value of launches.values()) send(target, value);
       }
       if (command.allPrices === true && !client.allPrices) {
-        client.allPrices = true;
-        for (const value of latest.values()) send(ws, value);
+        await enableAllPrices(client);
+        for (const value of latest.values()) send(target, value);
       }
-      for (const mint of rows) client.mints.add(mint);
-      for (const mint of rows) {
-        const cached = latest.get(mint);
-        if (cached) send(ws, cached);
-        queueFallbackRefresh(mint);
+      for (const mint of mints) {
+        if (!client.mints.has(mint)) {
+          client.mints.add(mint);
+          await updateExplicitMintRef(mint, 1);
+        }
+        const value = latest.get(mint);
+        if (value) send(target, value);
       }
       return;
     }
-    for (const mint of rows) {
-      client.mints.delete(mint);
-      queueFallbackRefresh(mint);
+    for (const mint of mints) {
+      if (!client.mints.delete(mint)) continue;
+      await updateExplicitMintRef(mint, -1);
     }
   };
 
+  const releaseClient = async (socket: unknown): Promise<void> => {
+    const client = clients.get(socket);
+    clients.delete(socket);
+    if (!client) return;
+    await disableAllPrices(client);
+    await Promise.allSettled(
+      [...client.mints].map((mint) => updateExplicitMintRef(mint, -1)),
+    );
+  };
+
+  tradeSubscription = await subscribeTrades({
+    connection,
+    tokens: [],
+    commitment: "confirmed",
+    metadata: false,
+    signal: controller.signal,
+    onTrade,
+    onStatus(event, data) {
+      report(`trades ${event}`, data ?? {});
+    },
+  });
+  const launchSubscription = await subscribeLaunches({
+    connection,
+    commitment: "confirmed",
+    metadata: false,
+    signal: controller.signal,
+    onLaunch,
+    onStatus(event, data) {
+      report(`launches ${event}`, data ?? {});
+    },
+  });
+
   const server = Bun.serve({
     hostname: host,
     port,
     fetch(request, server) {
       const url = new URL(request.url);
       if (url.pathname === "/ws") {
-        const ok = server.upgrade(request);
-        return ok ? undefined : new Response("upgrade failed", { status: 400 });
+        const upgraded = server.upgrade(request);
+        return upgraded
+          ? undefined
+          : new Response("upgrade failed", { status: 400 });
       }
       if (url.pathname === "/health") {
         return Response.json({
           ok: true,
           clients: clients.size,
-          upstreamState: logsMux.state,
-          upstreamSubscriptions: logsMux.subscriptionCount,
-          upstreamReconnects: logsMux.reconnects,
-          upstreamLastMessageAgeMs: logsMux.lastMessageAtMs
-            ? Date.now() - logsMux.lastMessageAtMs
-            : null,
-          programSubscriptions: programSubs.length,
-          fallbackSubscriptions: fallbackSubs.size,
-          knownMints: mints.size,
-          cachedLaunches: launchesByMint.size,
+          launchCount,
+          tradeCount,
+          priceCount,
+          cachedLaunches: launches.size,
           latestPrices: latest.size,
-          rpcQueue: pacer.queued,
+          discoveredMints: discoveredMints.size,
+          explicitMints: explicitMintRefs.size,
+          allPriceClients,
+          watchedTokens: tradeSubscription?.listTokens().length ?? 0,
+          solUsd,
         });
       }
-      return new Response("Solard price feed\n", { status: 200 });
+      return new Response("Solard price feed\n");
     },
     websocket: {
-      open(ws) {
-        clients.set(ws, {
+      open(socket) {
+        clients.set(socket, {
           mints: new Set(),
           launches: false,
           allPrices: false,
         });
-        clientConnections += 1;
-        send(ws, {
-          type: "status",
-          atMs: Date.now(),
-          event: "ready",
-          data: { programSubscriptions: programSubs.length },
-        });
+        send(socket, { type: "status", atMs: Date.now(), event: "ready" });
       },
-      message(ws, message) {
+      message(socket, message) {
         try {
-          applyClientCommand(
-            ws,
+          void applyCommand(
+            socket,
             JSON.parse(String(message)) as PriceFeedCommand,
-          );
+          ).catch((error) => {
+            send(socket, {
+              type: "status",
+              atMs: Date.now(),
+              event: "client-error",
+              data: { error: errorText(error) },
+            });
+          });
         } catch (error) {
-          send(ws, {
+          send(socket, {
             type: "status",
             atMs: Date.now(),
             event: "client-error",
@@ -1320,334 +422,74 @@ export async function runPriceFeedServerCommand(args: {
           });
         }
       },
-      close(ws) {
-        const client = clients.get(ws);
-        clients.delete(ws);
-        if (client) for (const mint of client.mints) queueFallbackRefresh(mint);
+      close(socket) {
+        void releaseClient(socket);
       },
     },
   });
 
-  const createFromLaunchLab = async (
-    signature: string,
-    pool: string,
-    slot: number | null,
-  ) => {
-    if (createFetches.has(signature)) return;
-    createFetches.add(signature);
+  const refreshSolUsd = async (): Promise<void> => {
     try {
-      const tx = await pacer.run(() =>
-        connection.getParsedTransaction(signature, {
-          commitment: "confirmed",
-          maxSupportedTransactionVersion: 1,
-        } as any),
-      );
-      if (!tx) return;
-      const candidates = initializedMints(tx as ParsedTransactionWithMeta);
-      const mint = candidates[0];
-      if (!mint) return;
-      let supply = supplyFromTransaction(tx as ParsedTransactionWithMeta, mint);
-      if (!supply) {
-        const loaded = await pacer.run(() =>
-          connection.getTokenSupply(new PublicKey(mint), "confirmed"),
-        );
-        const supplyUi = Number(loaded.value.uiAmountString ?? "0");
-        supply = { decimals: loaded.value.decimals, supplyUi };
-      }
-      const balances = tokenBalances(
-        (tx as ParsedTransactionWithMeta).meta?.postTokenBalances,
-      );
-      const quoteMint = balances.some((row) => row.mint === WSOL_MINT)
-        ? WSOL_MINT
-        : balances.some((row) => row.mint === USDC_MINT)
-          ? USDC_MINT
-          : WSOL_MINT;
-      pools.set(pool, {
-        pool,
-        mint,
-        baseDecimals: supply.decimals,
-        quoteMint,
-        quoteDecimals: quoteMint === USDC_MINT ? 6 : 9,
-      });
-      emitLaunch({
-        type: "launch",
-        atMs:
-          ((tx as ParsedTransactionWithMeta).blockTime ??
-            Math.floor(Date.now() / 1000)) * 1_000,
-        signature,
-        slot: slot ?? (tx as ParsedTransactionWithMeta).slot,
-        mint,
-        venue: "raydium-launchlab",
-        decimals: supply.decimals,
-        supplyUi: supply.supplyUi,
-        quoteMint,
-        pool,
-        name: null,
-        symbol: null,
-        isMayhemMode: false,
-      });
+      solUsd = await loadSolUsd();
     } catch (error) {
-      rpcErrors += 1;
-      report("launchlab create enrichment error", {
-        signature,
-        pool,
+      report("sol/usd unavailable", {
         error: errorText(error),
+        cached: solUsd,
       });
-    } finally {
-      createFetches.delete(signature);
     }
   };
 
-  const pumpSub = logsMux.subscribe(PUMP_PROGRAM, (event, context) => {
-    if (event.err) return;
-    for (const data of dataEvents(event.logs)) {
-      const created = pumpCreate(data);
-      if (created) {
-        created.signature = event.signature;
-        created.slot = context.slot;
-        emitLaunch(created);
-        continue;
-      }
-      const trade = pumpTrade(data);
-      if (!trade) continue;
-      const state = mints.get(trade.mint);
-      if (!state || state.isMayhemMode === true) continue;
-      if (state.quoteMint && state.quoteMint !== WSOL_MINT) continue;
-      const virtualTokens = Number(trade.virtualToken) / 10 ** state.decimals;
-      const virtualSol = Number(trade.virtualSol) / LAMPORTS_PER_SOL;
-      const priceSol = virtualTokens > 0 ? virtualSol / virtualTokens : 0;
-      if (!(priceSol > 0 && Number.isFinite(priceSol))) continue;
-      void emitPrice({
-        type: "price",
-        atMs: trade.atMs,
-        signature: event.signature,
-        slot: context.slot,
-        mint: trade.mint,
-        venue: "pump",
-        priceSol,
-        source: "pump-trade-event",
-      });
-    }
-  });
-  programSubs.push(pumpSub);
-
-  const pumpSwapSub = logsMux.subscribe(PUMP_AMM_PROGRAM, (event, context) => {
-    if (event.err) return;
-    for (const data of dataEvents(event.logs)) {
-      const created = pumpSwapCreate(data);
-      if (created) {
-        pools.set(created.pool, created);
-        const state = mints.get(created.mint);
-        if (state) {
-          state.pool = created.pool;
-          state.quoteMint = created.quoteMint;
-          state.quoteDecimals = created.quoteDecimals;
-        }
-        continue;
-      }
-      const trade = pumpSwapTrade(data);
-      if (!trade) continue;
-      const pool = pools.get(trade.pool);
-      if (!pool || trade.baseRaw <= 0n || trade.quoteRaw <= 0n) continue;
-      const priceQuote =
-        Number(trade.quoteRaw) /
-        10 ** pool.quoteDecimals /
-        (Number(trade.baseRaw) / 10 ** pool.baseDecimals);
-      if (!(priceQuote > 0 && Number.isFinite(priceQuote))) continue;
-      void emitPrice({
-        type: "price",
-        atMs: trade.atMs,
-        signature: event.signature,
-        slot: context.slot,
-        mint: pool.mint,
-        venue: "pumpswap",
-        priceSol: pool.quoteMint === WSOL_MINT ? priceQuote : null,
-        priceUsd: pool.quoteMint === USDC_MINT ? priceQuote : null,
-        source: "pumpswap-event",
-      });
-    }
-  });
-  programSubs.push(pumpSwapSub);
-
-  const launchLabSub = logsMux.subscribe(
-    LAUNCHLAB_PROGRAM,
-    (event, context) => {
-      if (event.err) return;
-      for (const data of dataEvents(event.logs)) {
-        const createdPool = launchLabPoolCreate(data);
-        if (createdPool) {
-          void createFromLaunchLab(event.signature, createdPool, context.slot);
-          continue;
-        }
-        const trade = launchLabTrade(data);
-        if (!trade) continue;
-        const pool = pools.get(trade.pool);
-        if (!pool || trade.virtualBase <= 0n || trade.virtualQuote <= 0n)
-          continue;
-        const priceQuote =
-          Number(trade.virtualQuote) /
-          10 ** pool.quoteDecimals /
-          (Number(trade.virtualBase) / 10 ** pool.baseDecimals);
-        if (!(priceQuote > 0 && Number.isFinite(priceQuote))) continue;
-        void emitPrice({
-          type: "price",
-          atMs: Date.now(),
-          signature: event.signature,
-          slot: context.slot,
-          mint: pool.mint,
-          venue: "raydium-launchlab",
-          priceSol: pool.quoteMint === WSOL_MINT ? priceQuote : null,
-          priceUsd: pool.quoteMint === USDC_MINT ? priceQuote : null,
-          source: "launchlab-trade-event",
-        });
-      }
-    },
+  await refreshSolUsd();
+  const solTimer = setInterval(() => void refreshSolUsd(), 60_000);
+  const heartbeat = setInterval(
+    () =>
+      report("heartbeat", {
+        clients: clients.size,
+        launchCount,
+        tradeCount,
+        priceCount,
+        cachedLaunches: launches.size,
+        latestPrices: latest.size,
+        discoveredMints: discoveredMints.size,
+        explicitMints: explicitMintRefs.size,
+        allPriceClients,
+        watchedTokens: tradeSubscription?.listTokens().length ?? 0,
+        solUsd,
+      }),
+    Math.max(1_000, Math.trunc(numberFlag(args.flags, "heartbeat-ms", 15_000))),
   );
-  programSubs.push(launchLabSub);
 
-  const fallbackLoop = async () => {
-    while (!stopped) {
-      const entry = pendingFallback.entries().next().value as
-        [string, string] | undefined;
-      if (!entry) {
-        await sleep(25);
-        continue;
-      }
-      const [mint, signature] = entry;
-      pendingFallback.delete(mint);
-      const state = mints.get(mint);
-      if (!state) continue;
-      try {
-        const tx = await pacer.run(() =>
-          connection.getParsedTransaction(signature, {
-            commitment: "confirmed",
-            maxSupportedTransactionVersion: 1,
-          } as any),
-        );
-        if (!tx) continue;
-        const parsed = genericPrice(
-          tx as ParsedTransactionWithMeta,
-          mint,
-          state.decimals,
-        );
-        if (!parsed) continue;
-        await emitPrice({
-          type: "price",
-          atMs: parsed.atMs,
-          signature,
-          slot: (tx as ParsedTransactionWithMeta).slot,
-          mint,
-          venue: "rpc-fallback",
-          priceSol: parsed.priceSol,
-          priceUsd: parsed.priceUsd,
-          source: "explicit-mint-fallback",
-        });
-      } catch (error) {
-        rpcErrors += 1;
-        report("fallback enrichment error", {
-          mint,
-          signature,
-          error: errorText(error),
-        });
-      }
-    }
-  };
-
-  let heartbeat: ReturnType<typeof setInterval> | null = null;
-  let solTimer: ReturnType<typeof setInterval> | null = null;
-  let pruneTimer: ReturnType<typeof setInterval> | null = null;
+  report("ready", {
+    url: `ws://${host}:${server.port}/ws`,
+    health: `http://${host}:${server.port}/health`,
+    rpc: publicEndpoint(rpc),
+    ws: ws ? publicEndpoint(ws) : "connection-default",
+    includeMayhem,
+  });
 
-  const stop = () => {
+  const stop = (): void => {
     if (stopped) return;
     stopped = true;
-    logsMux.stop();
-    try {
-      server.stop(true);
-    } catch {}
+    controller.abort();
   };
   process.once("SIGINT", stop);
   process.once("SIGTERM", stop);
 
   try {
-    try {
-      await logsMux.start();
-    } catch (error) {
-      if (!stopped) throw error;
-      return;
-    }
-    if (stopped) return;
-    await refreshSolUsd();
-    report("ready", {
-      url: `ws://${host}:${port}/ws`,
-      health: `http://${host}:${port}/health`,
-      upstreamEndpoint: publicEndpoint(ws),
-      upstreamState: logsMux.state,
-      upstreamProgramSubscriptions: programSubs.length,
-      maxFallbackSubscriptions,
-      rpcReadRps: readRps,
-      rpcHardRps: hardRps,
-      includeMayhem,
-    });
-
-    heartbeat = setInterval(
-      () => {
-        report("heartbeat", {
-          clients: clients.size,
-          clientConnections,
-          upstreamState: logsMux.state,
-          upstreamSubscriptions: logsMux.subscriptionCount,
-          upstreamProgramSubscriptions: programSubs.length,
-          upstreamReconnects: logsMux.reconnects,
-          upstreamLastMessageAgeMs: logsMux.lastMessageAtMs
-            ? Date.now() - logsMux.lastMessageAtMs
-            : null,
-          fallbackSubscriptions: fallbackSubs.size,
-          knownMints: mints.size,
-          cachedLaunches: launchesByMint.size,
-          pools: pools.size,
-          latestPrices: latest.size,
-          launches,
-          prices,
-          pendingFallbackMints: pendingFallback.size,
-          coalescedFallbackUpdates: coalescedFallback,
-          rpcQueue: pacer.queued,
-          rpcErrors,
-          solUsd,
-          solUsdAgeMs: solUsdAt ? Date.now() - solUsdAt : null,
-        });
-      },
-      Math.max(
-        1_000,
-        Math.trunc(numberFlag(args.flags, "heartbeat-ms", 15_000)),
-      ),
-    );
-    solTimer = setInterval(() => void refreshSolUsd(), 30_000);
-    pruneTimer = setInterval(() => {
-      const cutoff = Date.now() - 6 * 60 * 60_000;
-      if (mints.size > 50_000) {
-        for (const [mint, state] of mints) {
-          if (state.lastSeenAtMs < cutoff && !fallbackSubs.has(mint)) {
-            mints.delete(mint);
-            latest.delete(mint);
-            launchesByMint.delete(mint);
-          }
-        }
-      }
-    }, 60_000);
-
-    await fallbackLoop();
+    await Promise.all([launchSubscription.closed, tradeSubscription.closed]);
   } finally {
-    if (heartbeat) clearInterval(heartbeat);
-    if (solTimer) clearInterval(solTimer);
-    if (pruneTimer) clearInterval(pruneTimer);
+    clearInterval(solTimer);
+    clearInterval(heartbeat);
     process.removeListener("SIGINT", stop);
     process.removeListener("SIGTERM", stop);
-    for (const id of programSubs) logsMux.unsubscribe(id);
-    for (const row of fallbackSubs.values()) logsMux.unsubscribe(row.id);
-    logsMux.stop();
-    try {
-      server.stop(true);
-    } catch {}
-    report("stopped", { clients: clients.size, launches, prices, rpcErrors });
+    await launchSubscription.close();
+    await tradeSubscription.close();
+    server.stop(true);
+    report("stopped", {
+      launchCount,
+      tradeCount,
+      priceCount,
+      clients: clients.size,
+    });
   }
 }