next big horse. shipping consumer way different than infra but we're about to crack it Reply to @aut3z: Jito spent 4 years building the pipes every @solana trade runs through. Block Engine, JitoSOL, BAM, a client on 97% of validators. But infra money swings with the market. @jito's protocol revenue fell 45% in Q2, MEV tip revenue was down 50%. So they went looking for a new revenue line and picked the one with the brightest future on Solana: trading. But is it the right call? That's @jtx_trade. A self-custody trading app, you sign everything, it routes your orders through Solana DEXs and sometimes through Jito's own Block Engine. Limit orders, Smart Fill for big orders, and a "Good Trade" check that compares your fill to the big CEXs. Spot only for now. Perps are coming, but Jito isn't building its own engine. It's plugging into @PhoenixTrade. And that's where it gets tricky. Phoenix lets any app route flow through builder codes and charge a fee on top of Phoenix's own fees, paid by the trader. Price it high and traders just go to Phoenix directly. Price it low and the revenue is thin. And @ImperialPerps is already doing the aggregator game well, routing across Phoenix, Jupiter Perps and more. I can't see JTX's users, volume or revenue anywhere. My guess is it's not much yet. To really pay off, everyone needs to trade there. So as a trader, why would I use JTX? There's no JTX token, the value goes to JTO buybacks and burns. Don't expect an airdrop. I know Jito has huge power and backing. But is JTX their next horse or the thing that drags them down? Would love to hear how @buffalu__ sees it.