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Sam Schubert
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Sam Schubert
@minnus
@Blockworks_ @blockworksres | prev @Citi | views are my own
Katılım Mayıs 2023
5.6K Takip Edilen3.3K Takipçiler


The solana:jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL thesis is not a return to peak tip revenue.
It is a bet that @jtx_trade moves @jito_sol from powering Solana’s backend toward owning a major front end for its highest-value flow.
Jito has been willing to sacrifice near-term tip revenue to improve Solana’s market structure and strengthen the network’s long-term growth.
Pair that with a best-in-class team, clear value accrual through buybacks, and a focus on the RWA endgame as more tokenized equities come to market on @solana, and I think this is a very asymmetric setup.
The scenarios below show how Solana DEX growth, JTX market share and take rates shape the upside.
Key integrations include: @PhoenixTrade @dflow @world_xyz
cc: @blknoiz06 @toly @KyleSamani

Sam Schubert@minnus
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.@jtx_trade is now live.
Jito owns the block building layer beneath everything. So BAM infra, paired with future plugins, should let them deliver best in class execution and order types/features, such as Smart Fill, scheduled TWAP/OCO, and private transactions.
This should only get more important as the space matures, RWAs come onchain, and more sophisticated players want to trade on @solana.

Sam Schubert@minnus
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@sjdedic @Blockworks @MessariCrypto @blockworksres @JasonYanowitz @jito_labs @jito_sol @smyyguy @minnus @fergmolina @WestieCapital $2.75 is bold but the team has earned that kind of bet
i'll be watching the volume closely
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JTX launching today.
The biggest catalyst for Jito, turning them from a Solana backend infrastructure into a distribution controlling frontend.
Likely one of the best teams and hence also the most promising attempt for the Solana ecosystem to compete for perp DEX market share at the highest level.
I will watch their launch and its adoption over the next few weeks closely, but as long as it's not a complete failure, I would expect their token to reprice aggressively.
Probability weighted price target for $JTO: $2.75

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@sjdedic @Blockworks @MessariCrypto @blockworksres @JasonYanowitz @jito_labs @jito_sol @smyyguy @minnus @fergmolina @WestieCapital trading has the strongest PMF in crypto, and is the most reliable way to build a revenu generating business
building the user facing trading layer represents the strongest value prop
inevitable to see many other projects try something similar
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@sjdedic @Blockworks @MessariCrypto @blockworksres @JasonYanowitz @jito_labs @jito_sol @smyyguy @minnus @fergmolina @WestieCapital $2.75 feels conservative if the frontend play actually works
watching the adoption curve closely too
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Sam Schubert retweetledi

@minnus @jtx_trade @jito_sol nicely written thesis on $JTO
could position nicely to become the flagship trading venue on Solana
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