Jito’s BAM Hype Propels Solana Above $200 in Renewed Bullish Momentum

Solana Surges Past $200 as Jito Unveils Block Assembly Marketplace (BAM)

Solana (SOL) surged beyond the $200 mark for the first time since March following the unveiling of Jito’s Block Assembly Marketplace (BAM) — a breakthrough initiative aimed at transforming transaction processing on the network. The announcement fueled bullish sentiment among traders and institutional players, propelling the token nearly 9% higher in the past 24 hours to a peak of $203 before encountering modest profit-taking.

The rally was accompanied by strong activity in derivatives markets. According to CoinDesk Analytics, the SOL CD20 product rose 8.87%, with trading volume nearly tripling to 4.87 million units.

BAM: A New Era for Solana Blockspace

BAM, developed by Jito Labs and the Jito Foundation, introduces a high-efficiency block-building layer scheduled to go live in the coming weeks. It leverages a network of scheduler nodes operating within Trusted Execution Environments (TEEs) to privately sequence transactions before they are broadcast to validators. This design minimizes MEV (Maximal Extractable Value), enhances execution speed, and enables customizable control over transaction prioritization.

“Solana surged past an important price level at $200 after the announcement of the Block Assembly Marketplace, which would create a new system for transaction processing,” said Nick Ruck, director at LVRG Research. “Investors were bullish as the development would greatly enhance the efficiency of Solana transactions with more privacy and flexibility across the network.”

BAM also includes a plugin framework, allowing developers to build custom rules for transaction ordering — whether prioritizing certain trade types, charging for blockspace access, or bundling orders. This programmability introduces new monetization paths for developers and infrastructure operators on the Solana blockchain.

Institutional Demand and Technical Momentum

Investor interest in Solana has remained strong despite recent memecoin market weakness. According to Ruck, “Traders believe Solana has been oversold. Continued developer activity and infrastructure innovation reinforce its position as a leading platform.”

Institutional flows further support the rally. Weekly inflows into Solana-focused investment products totaled $39 million, while pre-commitments to the proposed REX-Osprey SOL ETF exceeded $73 million. Data from SoSoValue indicates that corporate wallets accumulated 2.95 million SOL in July alone — worth roughly $531 million.

Outperformance and Outlook

Solana is now up over 33% in July, outperforming both Bitcoin and Ethereum. With the rollout of BAM and ongoing institutional accumulation, analysts suggest that SOL may continue to see strong momentum into Q3.