Solana：建立一个由块组装市场建立分散的纳斯达克？

通过Jito Labs的Block Assembly Marketplace（BAM），探索Solana成为分散的纳斯达克的潜力，增强隐私并吸引机构秩序。

Solana: Building a Decentralized Nasdaq with Block Assembly Marketplace?

Solana：建立一个由块组装市场建立分散的纳斯达克？

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正在推动界限！该网络正在发展，Jito Labs提出了一个可以将Solana变成分散的纳斯达克的集结集市市场（BAM）。

The Block Assembly Marketplace (BAM) Explained

街区集会市场（BAM）解释了

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于7月21日提出了一项开创性的提案：集会市场（BAM）。该系统旨在在不改变核心协议的情况下彻底改变Solana的交易测序。想象一个系统，开发人员可以在Solana上运行中央限制订单书籍，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与现有验证器集一起引入了BAM节点网络。这些节点在受信任的执行环境中订购了加密交易，并通过序列完整性的加密证明将其转发给领导者。将其视为用于交易处理的安全，可审核的管道。

Key Technical Goals

关键技术目标

The proposal focuses on three key technical goals:

该提案重点介绍了三个关键的技术目标：

• 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：改变游戏规则

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的核心组件，允许应用程序在飞地内注入或重新排序说明。这可以使应用程序控制的执行情况，例如“及时” Oracle更新或推销商的优先取消替换流量。这种定制水平可能会吸引严肃的机构参与者。

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.

收入模型同样具有创新性。插件费用分配在节点运算符，验证器，Stakers和Jito Dao之间。 Jito计划分阶段推出，操作初始BAM节点，而Alpha验证器队列测试客户端。最终目标是开放代码，达到50个地理分布的节点，并将其交给DAO。

Attracting Institutional Order Flow

吸引机构秩序流

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认为BAM提供确定性的执行和可验证的隐私，这是高频交易者的两个关键要求。通过无需私人备忘录或链链交易的自定义测序，BAM可以将订单流从集中交易所降低。 Solana现有的吞吐量位置将其充当一个曾经是永久性和黑暗池的插件的分散式纳斯达克的位置已完全集成。

Whales and Altcoin Activity

鲸鱼和山寨币活动

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.

尽管BAM专注于长期基础设施，但值得注意的是，鲸鱼最近在Altcoin市场上的活动。 Solana（Sol）看到了巨大的交易活动，鲸鱼使用杠杆来利用市场状况。这种兴趣强调了Solana生态系统内增长的潜力。

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的增长也受到更广泛的趋势的推动，包括AI采用和区块链创新。尽管比特币和以太坊仍然占主导地位，但像Solana这样的Altcoins吸引了其技术潜力和增长机会。索拉纳（Solana）提供可观回报的潜力是专家和投资者的仔细观察。

Final Thoughts

最后的想法

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可以成为分散的纳斯达克吗？随着Jito Labs的BAM和机构兴趣的诸如创新，这肯定是一种可能性。索拉纳（Solana）试图破坏财务。请密切关注Solana - 这将是一个有趣的旅程！