Jito Labs Unveils Solution to Accelerate Solana Network as Coin Surpasses $200

The price of Solana has reached $200 for the first time since February, following the announcement of the Block Assembly Marketplace (BAM) — a new block creation architecture from Jito Labs and Jito Foundation.

Introducing BAM: The Block Assembly Marketplace that revolutionizes how Solana processes transactions.

Private. Transparent. Verifiable.

This is how Solana wins ⬇️ pic.twitter.com/KP8RwloHM7

— Jito (@jito_sol) July 21, 2025

At the time of writing, the price of the “people’s cryptocurrency” had adjusted to $200 (+5.1% over the day), according to CoinGecko. Over the week, the coin’s price increased by 25%, and over the month — by 47.5%.

The solution aims to accelerate transaction execution, minimize MEV, and provide programmable control over block space. BAM is expected to launch in the coming weeks.

Technically, BAM employs a network of scheduler nodes with a trusted execution environment. They privately determine the sequence of operations before they reach validators. This helps prevent front-running and ensures fairness.

BAM also introduces a plugin system. With it, developers can create their own rules for transaction sorting, such as prioritizing certain types of transactions or charging fees for access.

Block space becomes programmable, allowing developers on Solana to earn from its formation.

Earlier, on July 2, the first ETF based on Solana with a staking feature — REX-Osprey Solana Staking ETF — was launched in the United States.