Solana Surges Past $200 as Jito Unveils High-Performance Block Marketplace
Solana (SOL) rallied above the $200 level for the first time since March, driven by renewed optimism following the launch of Jito’s Block Assembly Marketplace (BAM) — a major infrastructure update aimed at optimizing transaction sequencing and unlocking greater network efficiency.
The token gained nearly 9% over the past 24 hours, touching a high of $203 before stabilizing. Derivatives activity followed suit, with the SOL CD20 index up 8.87% and trading volume tripling to 4.87 million units, according to CoinDesk Analytics.
What Is BAM?
BAM, developed by Jito Labs and the Jito Foundation, introduces a specialized layer for block construction using Trusted Execution Environments (TEEs) to sequence transactions privately before they’re broadcast to the network. This architecture is designed to reduce maximal extractable value (MEV), speed up execution, and offer programmable blockspace capabilities.
“The market responded positively to the BAM rollout, which brings enhanced privacy, efficiency, and customization to Solana’s transaction layer,” said Nick Ruck, Director at LVRG Research.
The system also includes a plugin framework, allowing developers to define transaction ordering logic—such as prioritizing specific trade types or bundling transactions—opening new monetization avenues tied to blockspace allocation.
Institutional Demand Rises
Investor appetite for SOL continues to build. Weekly inflows into Solana-linked products reached $39 million, while pre-launch commitments to the proposed REX-Osprey SOL ETF have already surpassed $73 million.
Data from SoSoValue shows that corporate wallets accumulated 2.95 million SOL in July—worth approximately $531 million—further underscoring institutional confidence in the network.
“Despite cooling memecoin activity, developers continue to ship on Solana,” Ruck added. “The BAM upgrade reinforces its status as a high-throughput, developer-first chain.”
Momentum Snapshot
Solana is now up more than 33% in July, outperforming Bitcoin and Ethereum during the same period. With the BAM upgrade set to go live soon and ETF flows accelerating, analysts say Solana may be entering a new phase of growth fueled by both technical innovation and institutional adoption.
