Jito Declares War on Coinbase & Binance | Lucas Bruder on the Launch of JTX
Onchain trading infrastructure is reaching a point where it can seriously compete with centralized exchanges. Jito founder Lucas Bruder joins David to introduce JTX, a new prosumer trading terminal built to bring major crypto assets, tokenized equities, perps, and eventually global markets into one onchain experience.
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TIMESTAMPS
0:00 Solana and Tokenized Stocks
2:22 What Is JTX?
8:44 A Better Trading UX
11:25 Better Execution
15:37 The JTX Roadmap
19:35 JTO and SOL Tokenomics
25:23 Why Solana Got Better
29:34 Prop AMMs Explained
37:25 Liquidity and Market Makers
40:04 Solana vs. Robinhood Chain
46:51 The JTX Rollout
48:07 Global Markets and the SOL Thesis
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RESOURCES
Lucas Bruder
https://x.com/buffalu__
JTX
https://x.com/jtx_trade
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Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures
How to Build in Crypto: Lessons from 8 Leading Founders | Jesse Pollack, Jeremy Allaire, Anatoly Yakovenko & More
Do you think you’ve got what it takes to become a founder in crypto?
On the show today we’ve got 8 of crypto’s most famous and successful builders in crypto, each with about 15 minutes in time, giving you the wisdom they gained founding their own companies.
We’re joined by Jesse Pollack from Base, Jeremy Allaire from Circle, Anatoly from Solana, Stani from Aave, Kain from Synthetix, Mike & Jason from Blockworks, Kevin Owocki from Gitcoin and Lucas from Jito. Each one with their own perspectives, their own scars and hopefully by listening to this episode, you, the listener, can learn from their experiences to gain the confidence you need to venture into this world.
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------ ✨ Mint the episode on Zora ✨ https://zora.co/collect/base:0x4be6cd4d402fed49eb2de95fbc8e737e8ffd3e7f/8?referrer=0x077Fe9e96Aa9b20Bd36F1C6290f54F8717C5674E
------ TIMESTAMPS
0:00 Intro 2:52 Jesse Pollack - Base 15:45 Jeremy Allaire - Circle 34:53 Anatoly Yakovenko - Solana 51:00 Stani Kulechove - Aave 1:07:48 Kain Warwick - Synthetix 1:27:06 Mike & Yano - Blockworks 1:44:16 Kevin Owocki - Gitcoin 1:59:19 Lucas Bruder - Jito
------ RESOURCES
Jesse Pollack - Base https://x.com/jessepollak
Jeremy Allaire - Circle https://x.com/jerallaire
Anatoly Yakovenko - Solana https://x.com/aeyakovenko
Stani Kulechove - Aave https://x.com/StaniKulechov
Kain Warwick - Synthetix https://x.com/kaiynne
Jason Yanowitz - Blockworks https://x.com/jasonyanowitz
Mike Ippolito - Blockworks https://x.com/MikeIppolito_
Kevin Owocki - Gitcoin https://x.com/owocki
Onchain Capital Allocation Handbook https://allobook.gitcoin.co/
Lucas Bruder - Jito https://www.linkedin.com/in/lucasbruder/
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
Why One Solana Builder Is Still Optimistic About the Network - Ep. 606
Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform.
On Tuesday, Solana suffered a network outage, just shy of a year since its last shutdown. The blockchain had to quickly get a new version out and notify its validators to upgrade to it and restart their systems before blocks could be produced again, resulting in downtime of roughly five hours. This was previously something that had happened regularly to the blockchain, but seemed to have been largely addressed over the past year.
Lucas, the CEO of Jito Labs, which builds infrastructure for Solana and staged a highly successful airdrop last year that helped rejuvenate the blockchain, joined Unchained to discuss what caused the outage, whether it’s something that builders on Solana should be concerned about for the future, recent improvements Solana has made to its technology, whether the implementation of Firedancer would have prevented this incident, and the promise of the Solana phone.
Show highlights:
What caused the Solana blockchain’s outage this week
Whether Solana needs to have better quality control
Whether the halt of the network affects the builders in the space
What recent developments in the infrastructure surrounding Solana give Lucas confidence in the network
Whether the Firedancer client that’s now in development would have prevented this week’s outage
The promise of the Solana phone
Whether the network going down presents a setback for the Solana community in terms of recognition and momentum
Whether financial companies will consider using Solana if these issues keep occurring
Thank you to our sponsors!
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Guest
Lucas Bruder, CEO of Jito Labs
Links
Recent coverage of Unchained on Solana:
Jupiter Founder Meow to Critics of JUP Airdrop: ‘Give Me a Break’
Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate
Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans
Outage
Unchained: Solana Back Online Again After Suffering 5-Hour Outage
Matthew Sigel’s explanation for why the outage happened
Mert’s tweet on how Solana prioritizes security over liveness
CoinDesk: Can We All Stop Pretending That Solana Is in Beta?
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The Chopping Block: How Jito Helped Put Solana on the Map Again - Ep. 588
Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they are joined by Lucas Bruder, co-founder and CEO of Jito Labs, an infrastructure provider that mitigates the impact of maximum extractable value (MEV) on Solana — specifically spam and wasted block space. He and the gang discuss how the Jito airdrop this month helped rejuvenate Solana; how Jito differs from Flashbots, its counterpart on Ethereum; Solana’s potential scalability; and how Solana believers have been vindicated by the developments of the last few months.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.
Show highlights:
Why Jito is a crucial development in the Solana ecosystem and its potential impact on network performance
What sets Jito apart from its counterpart on Ethereum, Flashbots, in terms of functionality and benefits
Whether Solana's speed uniquely influences Jito's effectiveness compared to Flashbots
Lucas' explanation of maximum extractable value (MEV) and how it operates within the Solana network, providing insight into its complexities and advantages
Whether Solana's infrastructure could sustain block production if the AWS integration encounters disruptions
How the Jito airdrop may have rejuvenated the Solana network, potentially marking an end to its "ice age"
What recent surges in on-chain activity in Solana indicate about the network's health and user engagement
Where MEV fees in Solana are directed and who benefits from this value accrual within the ecosystem
Whether Solana dapps are evolving their architectures to mitigate MEV opportunities and enhance network security
How Tarun envisions the design of Solana's fee market for optimal efficiency and fairness
Whether Solana has the inherent capacity for infinite scalability and what potential bottlenecks might impede this growth
Hosts
Haseeb Qureshi, managing partner at Dragonfly
Tom Schmidt, general partner at Dragonfly
Tarun Chitra, managing partner at Robot Ventures
Guest:
Lucas Bruder, CEO of Jito Labs
Links
MEV:
Previous coverage of Unchained on MEV:
Unchained: Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate
The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum
CoinDesk: What Is MEV, aka Maximal Extractable Value?
Jito:
Unchained: Jito, Solana-Based Liquid Staking Protocol, Airdrops Governance Token
Solana Validator 101: Transaction Processing
Jito Block Engine Expands Access to All Solana MEV Traders
Solana’s recent activity and bull run:
Unchained:
Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans
Solana Takes the Lead in Daily Stablecoin Transfer Volume
Solana Surges to $84, Flips Ethereum in Weekly DEX Volume
Paxos Bringing Stablecoin Issuance on Solana, Diversifying Beyond Ethereum
Solana’s model:
Solana
Proof of History: How Solana brings time to crypto
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Jito's Impact on Solana with CEO Lucas Bruder
This is an exploration of Jito, the Solana validator client, the staked Solana token JITOSOL, and MEV optimization engine.
The recent Jito airdrop show the whole industry as millions of dollars in value flooded into the Solana ecosystem.
Joining us today is Lucas Bruder from the Jito team to walk us through the basics and nuances of this multifaceted project.
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------ TIMESTAMPS
0:00 Intro 6:00 Jito Airdrop 8:45 What is Jito 12:00 Staking and Decentralization 17:20 MEV Optimization 25:20 Fees and Failed Transactions 33:20 JITOSOL 37:00 Solana Economics 42:00 Staking vs JITOSOL 45:40 Ethereum vs Solana 53:30 Jito Governance 59:15 Stakenet 1:05:40 Solana Governance 1:09:40 Choosing Solana 1:13:30 A Successful Network
------ RESOURCES
Lucas Bruder https://x.com/buffalu__?s=20
Jito Labs https://www.jito.wtf/
Explorer https://explorer.jito.wtf/
------ Not financial or tax advice. See our investment disclosures here: https://bankless.com/disclosures
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