Jito launches Block Assembly Marketplace on Solana, paving the way for "NASDAQ onchain"

Jito has launched the Block Assembly Marketplace (BAM) on the Solana mainnet, marking a significant shift from a proprietary block engine to an open-source model.

Launched on September 25, BAM introduces a new architecture for building blocks, focusing on transparency, privacy, and customizability at the application level. Validators have started to participate, while BAM allows developers to use a plugin framework to implement "application-controlled execution" (ACE) – a mechanism for custom transaction ordering for trading platforms, including order books and derivatives exchanges.

According to Cindy Leow, co-founder of Drift, BAM can help Solana realize its ambition to become a "NASDAQ onchain." JitoDAO also directly benefits as the community just approved the full allocation of engine fees and BAM to the DAO. Jito co-founder Lucas Bruder estimates that BAM could bring in $15 million in annual revenue, in addition to the $4.7 million that Jito earned in Q3.

Currently, Jito is dominating the Solana infrastructure, with over 97% of the network running their validator client, while jitoSOL holds the largest staking market share. However, competition is becoming increasingly evident as Raiku has just raised $13.5 million led by Pantera Capital, and Anza is upgrading the Agave validator client to enhance speed and reliability.