"The customer is always right". Solana's customer is traders. Private mempool usage ignores this golden rule
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.
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Brian retweeted
Brian Smith (President of Jito) speaks at the Digital Asset Summit about JTX Equities, coming at the end of October.
“This supports 6-figure, 7-figure trades at prices… comparable to what you would get in Robinhood or Interactive Brokers.”
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6 weeks later, this trade is up $5m (+53% unlevered)
Profit from market moves without paying for it in slippage. JTX provides professional-grade tools to independent traders
New day, new largest trade on JTX.
A JTX user executed a $10M USDC → SOL TWAP, with 241/241 orders filled onchain over 4 hours with zero reverts and retries.
‣ 0.35 bps avg fill vs quoted price
‣ 1.05 bps avg market impact
‣ JTX beat CEXs on 227/236 comparable fills
‣ ~$3,900 saved in execution costs
Bidding size? Just use JTX.
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Brian retweeted
Today's FAQ from @SECGov re the March 2026 Interpretative Release lines up real nice w @jito's analysis of JitoSOL as a "digital commodity" under the amended Generic Listing Standards. tl;dr - free & clear to add JitoSOL to all staked @solana ETFs. links to release & blog ⬇️
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Today FD BAM and Agave BAM are #1 and #2 on validator rewards. The four Jito clients are also #1-4 on highest avg compute usage
Team has been cooking. More on the way
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Brian retweeted
DAS Asia Keynote Preview
Own the Rails, Own the Ramp
by @brian_smith_0
Oct 7th. Be there.
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Good article. The forest has gotten a lot darker this year. Apologies for the long tweet but I have a lot of thoughts as we've seen these trends grow.
1. These services claim no front-running but enforcement is spotty and retroactive. We saw persistent sandwhiching instances from them on popular retail apps that were not corrected until outside intervention.
2. SOL's investment pitch is REV. With these and similar deals, REV capture is structurally declining. The value still exists but it's captured in opaque side deals. Our community should probably rethink REV as a KPI if we accept these as inevitable. It is going down only as these arrangements proliferate.
3. Stakers get screwed. Opaque yield is captured by validator operators or sophisticated institutional stakers that shop their stake to the highest bidder. Average staker doesn't have knowledge or access to this. This further reduces incentive to own SOL.
4. This disadvantages less sophisticated validators and centralizes stake. Each validator builds their own prop trading operation to internalize the profit. Only a handful have enough scale to do it right and capture maximum value.
Jito was founded to bring structure to the dark world of Solana MEV capture. The system is transparent, identical for everyone, whether big or small validator, and stakers of any size. The mechanism includes strong protections to prevent info leakage and front-running. In some cases, this structure means slightly less yield.
BAM was introduced a year ago as the next generation of block building. It has ~35% of network stake. BAM's design prevents most side deals. It was designed to put the network's user first - that rigidity is actually our biggest blocker from a validator onboarding perspective. Many operators want flexibility for side income they can keep for themselves, despite the impact on our network's lifeblood: users.
MCP solves some of these concerns but makes others worse. Regardless, the train has left the station and MCP isn't going to fix it soon.
I appreciate Andrei surfacing some of these items. We as a community should make proactive decisions about how we want the network to operate and what our ultimate values our.
The status quo is letting it quietly change under the surface: centralized stake, disadvantaged retail stakers, little REV and worse user execution.
The window for real discussion is now, otherwise the momentum will be irreversible.
Orderflow article is out.
Private TPU feeds, a rev-share vault, and the validators getting paid from it.
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24 hours ago, @jtx_trade launched a Stonks campaign featuring 2bps fees for all assets along with dedicated explore features
Since then, traffic doubled while new accounts went up 3.5x. DAUs at 6-week highs
JTX is the best place to trade Stonks
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Stonks purchases are 30% of JTX flows since this was rolled out yesterday. JTX is the best place to trade stonks
JTX is the cheapest and best place to trade stonks (0.02%), now with a dedicated stonks tab
sort by price, 24hr change, market cap, or volume
connect your wallet and fund it instantly. or import your wallet in the settings tab and get trading in <30s.
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JTX is the best place to trade stonks
fellow stonk enjoyers:
buy buttons have been integrated into the dashboard
powered by @jtx_trade
ALT All tokens available from stonkfun, listed on the stonk.fyi dashboard.
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Despite the price tripling in the last 3 months, $PUMP remains the most purchased token on JTX with over $12m in net flows this week
PUMP gives direct exposure to growth of social trading. Trade PUMP alongside smart money in JTX
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So many dreams of the crypto industry have been realized in the last 18 months: defi mullet via consumer apps, fat app thesis, cross-chain abstraction, tokenized stocks and US regulatory embrace
impossible to be bearish. crypto eating finance in front of our eyes
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Bull case is RH distribution onboarding new money to RH chain. That hasn't happened. RH wallet only accounts for 2% of activity
86% of activity is crypto natives (cross-chain terminals + wallets). So far, it's just hot ball of money farming a new venue
Looked into RH chain since it's the hot new kid on the block. some stats i found interesting:
REV is vertical because of exponential base fees. It's all FIFO, no priority fees. Tx's are only up 25% in last few weeks
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Looked into RH chain since it's the hot new kid on the block. some stats i found interesting:
REV is vertical because of exponential base fees. It's all FIFO, no priority fees. Tx's are only up 25% in last few weeks
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bull case for RH chain is using their captive distribution to get more asset issuance and activity on RH chain
I don't see data that is happening yet. seems like standard hot ball of money chasing the new thing that may fade
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either way, RH chain is most exciting EVM chain or L2 in years, though i would bet against it rivaling Solana. will be fun to see play out
h/t to @blockworksres for all the raw data and claude for analyzing it
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