Jito’s BAM upgrade set to make Solana apps richer

Key Points

1. Jito announced BAM, Solana's most significant transaction processing upgrade, focusing on privacy-preserving use of TEEs and revenue generation for apps.

2. BAM plugins are programmable interfaces that apps can use to control transaction sequencing and spread-tightening mechanisms, potentially capturing value currently taken by arbitrageurs.

3. The upgrade could lead to a 'mass repricing' of Solana apps and app tokens by internalizing more of Solana DeFi's value.

4. Jito Labs CEO Lucas Bruder mentioned that plugins will come with a 'TBD fee model,' indicating a new revenue stream for applications.

5. Blockworks Research Analyst Carlos Gonzalez Campo highlighted Solana's ambition to be the internet’s financial ledger, similar to Ethereum's role in DeFi.