Solana Breaks Above $200 as Jito Launches BAM, Fueling Investor Optimism
Solana (SOL) surged past the $200 mark for the first time since March, driven by investor enthusiasm following the announcement of Jito’s Block Assembly Marketplace (BAM) — a new layer of infrastructure designed to overhaul Solana’s transaction sequencing and block construction.
SOL gained nearly 9% in the last 24 hours, peaking at $203 before retreating slightly amid light profit-taking. Derivatives volumes soared, with the SOL CD20 index climbing 8.87% and daily volume nearly tripling to 4.87 million units, according to CoinDesk Analytics.
What Is Jito’s BAM?
Jito’s BAM introduces a dedicated block-building layer to the Solana network. It uses Trusted Execution Environments (TEEs) to privately organize transaction order before reaching validators, reducing the impact of MEV (Maximal Extractable Value) and front-running, while improving transaction fairness and speed.
According to Nick Ruck, Director at LVRG Research, the BAM rollout could be a game-changer:
“The system enhances Solana’s speed, privacy, and flexibility, which is why investors responded so strongly. It also makes the network more programmable and attractive to developers.”
BAM’s plugin system will allow developers to set custom transaction-sorting rules, potentially monetizing blockspace via prioritization, bundling, or paid access.
Institutional Flows Pick Up Steam
Institutional appetite for SOL is rising. Weekly investment inflows into Solana-based products reached $39 million, while early commitments to the proposed REX-Osprey SOL ETF have surpassed $73 million.
According to SoSoValue, over 2.95 million SOL — valued around $531 million — have been added to corporate wallets in July alone.
Ruck noted that despite the cooldown in memecoin speculation, Solana’s core ecosystem continues to grow:
“Developers are still building, and with innovations like BAM, Solana is becoming a prime destination for performance-driven blockchain applications.”
Market Position
With a 33% gain in July, Solana is outperforming both Bitcoin and Ethereum. The BAM rollout and rising institutional allocations could offer further upside as technical momentum and on-chain fundamentals align.
