Building the Market Layer of Solana. Tweets by @JitoFDN
Joined July 2022
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Jito retweeted
Introducing: Explore
A new way to discover tokens on JTX. See what the highest-signal wallets are trading and where money is moving on Solana.
Signals: a live feed of what Solana's highest-signal wallets are buying and selling. As long-time block builders, we've analyzed wallet behavior across all of Solana to find the ones that historically lead: strong PnL, and other traders tend to follow them. Now you can see their trades as they happen.
Live: onchain flow on Solana, visualized in real time. See which tokens are picking up volume and where that volume is coming from, across every venue.
Jito retweeted
The exchanges, clearing houses, settlement systems and depositories behind every trade (financial market infrastructures, or FMIs) earn about $31.5bn a year.
Our new Solana Research Institute report works out how much of that survives when the same business runs on public blockchains. If regulation stops protecting the incumbents, we estimate they keep about $11.2bn, with the other $20.3bn going to users as lower costs or to new competitors.
We also found that new onchain services could come close to replacing that revenue, which raises the question of who wins them 🧵
ALT A report outlines $31.5bn annual earnings of financial market infrastructures, contrasting with $11.2bn on public blockchains.
Jito retweeted
How does BAM schedule transactions? How do BAM nodes sort txs vs bundles? What happens in every auction tick?
Our eng will share highly technical details about all the above and more.
Seats are v limited. tell us why you should get one!
luma.com/8tzaxrbu
Jito retweeted
“Settlement times used to be 500 milliseconds to a second. Today it's 100 milliseconds or 200 milliseconds.”
“This is only going to get faster. This is the slowest [Solana] will ever be.”
– @buffalu__, CEO @jito
Jito retweeted
We're proud to support @formation_so as a distribution partner to bring tokenized shares to @solana, with voting, dividends, and other shareholder rights intact.
Jito retweeted
Bitwise is proud to be one of the first three independent @jito BAM node operators, alongside @triton_one and @solstrategies.
Block building decides which transactions land on Solana and in what order. Jito built BAM to do it inside sealed hardware, where transactions stay private until execution.
Until now, Jito ran every BAM node itself, so this is a big step toward decentralizing block building on @Solana.
Decentralizing block building means BAM Nodes run by operators outside of Jito.
We're happy to announce the first cohort of third-party BAM Node operators: @triton_one, @Bitwise, and @solstrategies.
Read the full post for the onboarding phases and the path to full mainnet:
Jito retweeted
Jitoが描くSolanaエコシステムの未来、BAM・JitoSOL・JTXの戦略と展望を聞く（Jito Foundation Brian Smith） neweconomy.jp/features/totsu… #あたらしい経済
Jito retweeted
Join @DrNickA of @jito for an interactive and applied workshop on Cryptoeconomics and Governance at our next SRI Sessions from the House of Sol.
The session is 30-45 minutes, followed by a Q&A. Admission is FCFS.
5pm, Clerkenwell, London.
Thursday 29th October
Sign up now: luma.com/HoS-Workshops-Jito?…
Jito retweeted
The adoption of Solana OFAs has increased over the past six months.
Read this article to learn about how they work, some issues we hear about from the top Solana apps, and brief thoughts on if these arrangements making Solana better for apps and users.
Jito retweeted
Solana Research Institute Sessions are coming to the House of Sol 🇬🇧, and it's your chance to dive into the key topics governing the role blockchain & tokenisation will play in the evolution of financial products & services.
Six workshops, Oct- Nov; sign up below:
Jito retweeted
Brian Smith, President of @jito, on trading on Solana:
"The amount of advancement that happens behind the scenes, and now as a user of Solana you just don't even think about it. It's so fast, so cheap."
"The fact that we cut our block times by 50% to 200 milliseconds and no one notices. It's a very impressive technical accomplishment."
Jito retweeted
Liquid staked SOL has grown 23% in the last 30 days to $6.4B, from $5.2B, with jitoSOL holding the top spot among @Solana liquid staking tokens at $1.26B.
When we spoke to Kevin Beardsley (@kbeards), Head of Product at @jtx_trade / @jito on @_TalkingTokens back in May, he said staking demand will keep growing with Solana as institutions look for capital efficiency:
"[Staking] continues to grow, and I think it will grow along with the Solana ecosystem.
As institutions come onchain more and more, and they want capital efficiency, I think things like liquid staking tokens are a huge innovation for them.
[It] allows you to have a representation of the asset that still accumulates the value of the rewards, while still having it be fully liquid."
Jito retweeted
Tokenized stock trading on Solana is up 50x in a year, with $4B+ in volume in the last month alone.
With demand already there, @jito is launching JTX Equities to make the trading experience match.
It offers 6–7 figure trades at prices comparable to Robinhood and Interactive Brokers, covers hundreds of global stocks, and opens to the public at the end of October.
Jito retweeted
Frontier Traders Korea Showdown nitter.cf/i/broadcasts/1NGarovjv…
Jito retweeted
One year of BAM and couldn't be happier for what we've accomplished. By far the most challenging project we've worked on at Jito; everything between Linux kernel patches, deeply understanding AMD SEV-SNP, systems performance tuning, and scheduler design.
From ~2% of stake to ~36%, three major scheduler refactors, almost all Solana propAMMs using maker priority plugin, and two clients. The data on spreads and markets for BAM leader slots is very interesting and hoping to share more on this soon. Even more excited for some of the plugins for Solana traders we're cooking on over the next three months.
Job is not finished.
Jito retweeted
🚨 BSP-licensed virtual asset service provider @pdaxph has announced the listing of JitoSOL, the flagship liquid staking token powered by @jito Network's block-building infrastructure.
Unlike traditional staking, where assets remain locked, JitoSOL provides a liquid token representing staked SOL while automatically accruing staking rewards, block incentives, and network fees. 👇
👉 Full Details: bitpinas.com/go/pdax-jitosol
