Jito Labs Launches Solana Network Acceleration Solution, Coin Surges Past $200

The price of Solana has hit $200 for the first time since February. This increase follows the announcement of the Block Assembly Marketplace (BAM)—a new block-building architecture developed by Jito Labs and Jito Foundation.

As of the time this was written, the value of the «people’s cryptocurrency» has adjusted to $200 (+5.1% in 24 hours) according to CoinGecko. Over the past week, the coin’s price has surged by 25%, and it has risen 47.5% over the last month.

This solution aims to enhance transaction execution speed, minimize MEV, and provide programmable control over the block space. The BAM launch is anticipated in the upcoming weeks.

From a technical perspective, BAM employs a network of scheduling nodes with a trusted execution environment. These nodes privately determine the sequence of operations before they reach validators, helping to avoid front-running and ensuring fairness.

Additionally, BAM introduces a plugin system, enabling developers to create custom rules for transaction sorting, such as prioritizing specific types of deals or charging fees for access.

With this development, the block space becomes programmable, allowing Solana developers to monetize its construction.

It’s worth noting that on July 2, the first ETF based on Solana with staking features—REX-Osprey Solana Staking ETF—was launched in the United States.