The Chopping Block: How Jito Helped Put Solana on the Map Again - Ep. 588

Unchained

Laura Shin

News, Tech News, Business News

4.6 • 1.3K Ratings

🗓️ 29 December 2023

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to The Chopping Block – where crypto insiders Haseeb Qureshi, Tom Schmidt, and Tarun Chitra chop it up about the latest news. This week, they are joined by Lucas Bruder, co-founder and CEO of Jito Labs, an infrastructure provider that mitigates the impact of maximum extractable value (MEV) on Solana — specifically spam and wasted block space. He and the gang discuss how the Jito airdrop this month helped rejuvenate Solana; how Jito differs from Flashbots, its counterpart on Ethereum; Solana’s potential scalability; and how Solana believers have been vindicated by the developments of the last few months. Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform. Show highlights: Why Jito is a crucial development in the Solana ecosystem and its potential impact on network performance What sets Jito apart from its counterpart on Ethereum, Flashbots, in terms of functionality and benefits Whether Solana's speed uniquely influences Jito's effectiveness compared to Flashbots Lucas' explanation of maximum extractable value (MEV) and how it operates within the Solana network, providing insight into its complexities and advantages Whether Solana's infrastructure could sustain block production if the AWS integration encounters disruptions How the Jito airdrop may have rejuvenated the Solana network, potentially marking an end to its "ice age" What recent surges in on-chain activity in Solana indicate about the network's health and user engagement Where MEV fees in Solana are directed and who benefits from this value accrual within the ecosystem Whether Solana dapps are evolving their architectures to mitigate MEV opportunities and enhance network security How Tarun envisions the design of Solana's fee market for optimal efficiency and fairness Whether Solana has the inherent capacity for infinite scalability and what potential bottlenecks might impede this growth Hosts Haseeb Qureshi, managing partner at Dragonfly Tom Schmidt, general partner at Dragonfly Tarun Chitra, managing partner at Robot Ventures Guest: Lucas Bruder, CEO of Jito Labs Links MEV: Previous coverage of Unchained on MEV: Unchained: Why Is Ethereum Trying to Maximize Value From Users? Two Sides Debate The Chopping Block: Why the Once-Taboo MEV Is Now a Core Part of Ethereum CoinDesk: What Is MEV, aka Maximal Extractable Value? Jito: Unchained: Jito, Solana-Based Liquid Staking Protocol, Airdrops Governance Token Solana Validator 101: Transaction Processing Jito Block Engine Expands Access to All Solana MEV Traders Solana’s recent activity and bull run: Unchained: Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans Solana Takes the Lead in Daily Stablecoin Transfer Volume Solana Surges to $84, Flips Ethereum in Weekly DEX Volume Paxos Bringing Stablecoin Issuance on Solana, Diversifying Beyond Ethereum Solana’s model: Solana Proof of History: How Solana brings time to crypto Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Yeah, there's a bit a ton of new activity on Salana. There's a lot of new capital. So if you look at the bridging patterns and things like that, there's a ton of new activity coming into the space. There's a ton of super high quality projects that have been grinding
0:16.3	basically since like the middle of last year and you know I think a lot what happened with all the FTX stuff that really suck for everyone, but there's a lot of teams that kind of just kept grinding and building.
0:29.0	Not a dividend.
0:30.0	It's a tale of two quand. Now your losses are on someone else's balance.
0:34.3	Generally speaking, air drops are kind of pointless anyways.
0:37.1	I'm in the trading firms who are very involved.
0:39.7	I like to eat is the ultimate problem.
0:41.9	D5 protocols are the antidote to this problem.
0:45.0	Hello everybody, welcome to the chopping block.
0:48.0	Every couple weeks, the four of us get together and give the industry insiders perspective
0:51.0	on the crypto topics of the day.
0:53.2	So quick intros, first we've got Tom, the Defy Maven, and Master it Memes.
0:56.8	GM.
0:57.8	Next we've got Taroon, the gig-of-brain and Grand Pouba at Gautlet.
1:01.3	Aloha, and it does look like I'm almost in Hawaii today although I'm not in Hawaii.
1:06.0	Great.
1:07.0	And we've got Lucas, a special guest, the CEO and Salana Savant at Jito Lab.
1:12.0	Nice.
1:13.0	I like that.
1:14.0	Thanks for having me on.
1:16.0	Sad to be here.
1:17.0	And I'm Masseebe the head-Hipe man at Dragonfly.
	...

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