Latest news with #BlockAssemblyMarketplace
Yahoo
22-07-2025
- Business
- Yahoo
Solana Breaks $200 as Jito's BAM Draws Bullish Bets
Solana (SOL) surged past the $200 mark for the first time since March, as network player Jito introduced the Block Assembly Marketplace (BAM), a move that some observers said boosted investor interest in SOL. The token jumped nearly 9% in the past 24 hours, peaking at $203 before slight profit-taking. SOL's rally was backed by strong flows into derivatives, with the SOL CD20 product posting an 8.87% gain and volume nearly tripling to 4.87 million units, per CoinDesk Analytics. The breakout followed the announcement of BAM, a new high-performance block-building architecture developed by Jito Labs and the Jito Foundation. Scheduled to go live in the coming weeks, BAM introduces a dedicated layer for transaction sequencing, promising faster execution, minimized MEV, and programmable control over blockspace. 'Solana surged past an important price level at $200 after the announcement of the Block Assembly Marketplace, which would create a new system for transaction processing,' shared Nick Ruck, director at LVRG Research, in a note to CoinDesk. 'Investors were bullish as the development would greatly enhance the efficiency of Solana transactions with more privacy and flexibility across the network.''Traders believe that Solana has been oversold as developers continue to build on the blockchain despite the downfall of the memecoin market. We're optimistic that Solana can rise higher as an innovative hub with new opportunities for developers and traders,' Ruck added. At a technical level, BAM relies on a network of scheduler nodes using Trusted Execution Environments (TEEs) to privately sequence transactions before they reach validators. This means the use of nodes that privately decide the order of transactions before they hit the main Solana network, helping avoid front-running and ensuring fairness. Additionally, BAM introduces a plugin system that allows developers to create custom rules for sorting transactions, whether that involves prioritizing specific types of trades, bundling orders, or charging for access. In short, blockspace becomes programmable, and anyone building on Solana can now earn money by shaping how that space is used. Meanwhile, strength in SOL stems from an increase in institutional inflows into SOL investment products hit $39 million, with pre-commitments to the proposed REX-Osprey SOL ETF now totaling over $73 million. Data from SoSoValue shows that 2.95 million SOL, worth approximately $531 million, have been accumulated by corporate wallets so far in July. SOL is now up more than 33% in July, outperforming both bitcoin and ether. And technical improvements, such as the rollout of BAM, may continue to boost tailwinds.
Yahoo
22-07-2025
- Business
- Yahoo
Jito Launches BAM to Reshape Solana's Blockspace Economy
The Jito Foundation has launched the Block Assembly Marketplace (BAM), a new system aimed at improving how blocks are built and how transactions are sequenced on the Solana blockchain. According to a press release shared with CoinDesk, BAM is designed to make 'transaction sequencing transparent and verifiable,' while enabling programmable innovation at the blockspace layer, unlocking new revenue opportunities for developers and reducing the harmful effects of Maximal Extractable Value (MEV). The launch builds on Jito's already established infrastructure, including its widely adopted validator client, and the Jito Block Engine. A critical piece of this system is the use of Trusted Execution Environments (TEEs). TEEs function like secure black boxes, simulating and ranking transaction bundles submitted by searchers without revealing sensitive data. This ensures private strategies remain protected, while still allowing validators to verify the outcome, aimed at striking a balance between transparency and confidentiality. BAM introduces a modular architecture made up of three key components. BAM Nodes are specialized schedulers that privately organize transactions using secure hardware. BAM Validators are the validators running the updated Jito-Solana software client and receive the ordered transactions from these nodes and execute them on-chain. Finally, Plugins will offer developers, traders, and applications a programmable interface to interact with the scheduler, enabling customized transaction logic. These plugins also open up a new revenue model where developers can monetize custom logic, and validators, node operators, and stakers can share in the value they help generate. According to the team, BAM will be launching on mainnet in the coming weeks with an initial set of validators led by key Solana ecosystem players like Figment, Helius, SOL Strategies and Triton One. "BAM opens up an entirely new design space for developers to build applications that weren't possible before," said Lucas Bruder, CEO of Jito Labs, in the press release. "It gives builders more control, creates new ways to generate and share value, and lays the groundwork for a more dynamic, composable blockspace economy on Solana."Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
