Bankless|15. Juli
The Trading Breakthrough That Could Move Markets Onchain
Overview
In this interview, Lucas Bruder from Jito introduces JTX, a prosumer trading terminal on Solana designed to simplify trading of tokenized stocks and major crypto assets. The goal is to provide a CEX-like user experience on-chain, with a clean UI, advanced order types (TWAPs, limit orders), and a Smart Filler feature.
Key Topics- Why JTX? Solana has seen massive improvements in execution speed and quality over the past 18 months, fueled by prop AMMs (proprietary automated market makers). These enable extremely tight spreads (e.g., < 0.01 BIP for 100 SOL). JTX leverages this infrastructure to offer better execution than centralized exchanges.
- Exclusive Features:
- Good Trade: Shows how much money was saved compared to CEXs (Kraken, Coinbase) after every trade.
- No Meme Coin Focus: JTX targets traders of established assets (market cap ~$1M+) and tokenized equities.
- Portfolio Management: P&L, entry prices, unrealized gains/losses.
- Routing Optimization: Jito uses its MEV and validator behavior knowledge to land transactions safely and quickly.
- Token Economics: 80% of JTX fees are converted to JTO and sent to the DAO. No new token; value accrues to JTO.
- Integration: Starts with spot trading, later perps (Phoenix perps), prediction markets, and other chains.
- Competition: Primary target is centralized exchanges (CEXs) and traditional exchanges like NASDAQ. Long-term vision: offer every tradeable stock in the world.
- Short-term: Rollout starting March 14 via waitlist (based on referral count). Focus on bug fixes and iteration.
- Mid-term: Expand equity data, perps, prediction markets.
- Long-term: Everything issued on Solana or other chains should be tradable. Expectation: within 6–9 months, all global stocks will be on-chain.
Lucas believes Solana is massively undervalued, driven by rapid innovation (prop AMMs, protocol upgrades, tokenized stocks). JTX is a natural step to make these advances accessible to a broad audience.
