Solana：建立一個由塊組裝市場建立分散的納斯達克？

通過Jito Labs的Block Assembly Marketplace（BAM），探索Solana成為分散的納斯達克的潛力，增強隱私並吸引機構秩序。

Solana: Building a Decentralized Nasdaq with Block Assembly Marketplace?

Solana：建立一個由塊組裝市場建立分散的納斯達克？

Solana is pushing boundaries! The network is evolving, with Jito Labs proposing a Block Assembly Marketplace (BAM) that could turn Solana into a decentralized Nasdaq.

Solana正在推動界限！該網絡正在發展，Jito Labs提出了一個可以將Solana變成分散的納斯達克的集結集市市場（BAM）。

The Block Assembly Marketplace (BAM) Explained

街區集會市場（BAM）解釋了

Jito Labs introduced a groundbreaking proposal on July 21: the Block Assembly Marketplace (BAM). This system aims to revolutionize transaction sequencing on Solana without altering the core protocol. Imagine a system where developers can run central-limit order books, perpetual exchanges, and even dark pools right on Solana.

Jito Labs於7月21日提出了一項開創性的提案：集會市場（BAM）。該系統旨在在不改變核心協議的情況下徹底改變Solana的交易測序。想像一個系統，開發人員可以在Solana上運行中央限制訂單書籍，永久交流甚至黑暗的池。

How BAM Works

BAM如何工作

BAM introduces a network of BAM Nodes alongside the existing validator set. These nodes order encrypted transactions within Trusted Execution Environments and forward them to the leader with cryptographic proofs of sequence integrity. Think of it as a secure, auditable pipeline for transaction processing.

BAM與現有驗證器集一起引入了BAM節點網絡。這些節點在受信任的執行環境中訂購了加密交易，並通過序列完整性的加密證明將其轉發給領導者。將其視為用於交易處理的安全，可審核的管道。

Key Technical Goals

關鍵技術目標

The proposal focuses on three key technical goals:

該提案重點介紹了三個關鍵的技術目標：

• Privacy: Keeping orders private until execution to mitigate harmful MEV (Maximal Extractable Value).
• Auditability: Creating a public audit trail for every ordered bundle.
• Application Access: Giving applications direct access to scheduling logic through Plugins.

Plugins: The Game Changer

插件：改變遊戲規則

Plugins are a core component of BAM, allowing applications to inject or reorder instructions within the enclave. This enables application-controlled execution for scenarios like “just-in-time” oracle updates or priority cancel-replace flows for market makers. This level of customization could attract serious institutional players.

插件是BAM的核心組件，允許應用程序在飛地內註入或重新排序說明。這可以使應用程序控制的執行情況，例如“及時” Oracle更新或推銷商的優先取消替換流量。這種定制水平可能會吸引嚴肅的機構參與者。

Revenue and Governance

收入和治理

The revenue model is equally innovative. Plugin fees are split between node operators, validators, stakers, and the Jito DAO. Jito plans a phased rollout, operating the initial BAM Nodes while an alpha validator cohort tests the client. The ultimate goal is to open-source the code, reach 50 geographically distributed nodes, and hand governance over to the DAO.

收入模型同樣具有創新性。插件費用分配在節點運算符，驗證器，Stakers和Jito Dao之間。 Jito計劃分階段推出，操作初始BAM節點，而Alpha驗證器隊列測試客戶端。最終目標是開放代碼，達到50個地理分佈的節點，並將其交給DAO。

Attracting Institutional Order Flow

吸引機構秩序流

Jito argues that BAM offers deterministic execution and verifiable privacy, two critical requirements for high-frequency traders. By enabling custom sequencing without private mempools or off-chain deals, BAM could draw order flow away from centralized exchanges. Solana's existing throughput positions it to act as a decentralized Nasdaq once plugins for perpetuals and dark pools are fully integrated.

Jito認為BAM提供確定性的執行和可驗證的隱私，這是高頻交易者的兩個關鍵要求。通過無需私人備忘錄或鍊鍊交易的自定義測序，BAM可以將訂單流從集中交易所降低。 Solana現有的吞吐量位置將其充當一個曾經是永久性和黑暗池的插件的分散式納斯達克的位置已完全集成。

Whales and Altcoin Activity

鯨魚和山寨幣活動

While BAM focuses on long-term infrastructure, it's worth noting the recent activity of whales in the altcoin market. Solana (SOL) has seen significant trading activity, with whales using leverage to capitalize on market conditions. This interest underscores the potential for growth within the Solana ecosystem.

儘管BAM專注於長期基礎設施，但值得注意的是，鯨魚最近在Altcoin市場上的活動。 Solana（Sol）看到了巨大的交易活動，鯨魚使用槓桿來利用市場狀況。這種興趣強調了Solana生態系統內增長的潛力。

The Big Picture

大局

Solana's growth is also being fueled by broader trends, including AI adoption and blockchain innovation. While Bitcoin and Ethereum remain dominant, altcoins like Solana are attracting attention for their technical potential and growth opportunities. Solana's potential to deliver significant returns is under close observation by experts and investors.

Solana的增長也受到更廣泛的趨勢的推動，包括AI採用和區塊鏈創新。儘管比特幣和以太坊仍然占主導地位，但像Solana這樣的Altcoins吸引了其技術潛力和增長機會。索拉納（Solana）提供可觀回報的潛力是專家和投資者的仔細觀察。

Final Thoughts

最後的想法

Could Solana become a decentralized Nasdaq? With innovations like Jito Labs' BAM and increasing institutional interest, it's certainly a possibility. Solana is trying to disrupt finance. Keep an eye on Solana – it's going to be an interesting ride!

Solana可以成為分散的納斯達克嗎？隨著Jito Labs的BAM和機構興趣的諸如創新，這肯定是一種可能性。索拉納（Solana）試圖破壞財務。請密切關注Solana - 這將是一個有趣的旅程！