5/ Jito is betting that vertically integrating BAM + JTX can beat centralized exchanges on execution. By combining BAM’s block-building infrastructure with JTX’s trading interface, Jito can optimize execution in ways standalone front ends cannot. @buffalu__ said Smart Fill already dominates JTX volume and fees, with multiple seven-figure trades and a $10M USDC-to-SOL order reportedly saving ~$4,000 versus the best centralized exchange.(Blockworks)