⌜Introduction⌝

At the end of 2024, Jito Labs, supported by the Jito Foundation, launched the development of the Block Assembly Marketplace (BAM). As Jito Labs CEO Lucas Bruder explained, the initiative addresses a critical need: bringing greater determinism and transparency to the ordering of transactions within a single slot.

⌜What’s Jito⌝

[Jito Labs]

Jito Labs is a core Solana development team focused on improving transaction execution and managing Maximal Extractable Value (MEV) transparently. They developed the Jito-Solana client, an enhanced validator client with advanced MEV features like bundle aggregation and revenue sharing.

Jito Labs also developed the Block Engine, which enables searchers to submit optimized transaction bundles. Jito Labs is the technical team building the infrastructure and tools around MEV on Solana.

[Jito Foundation]

The Jito Foundation is a non-profit organization that supports the Jito ecosystem and the broader development of MEV solutions on Solana. It acts as the community governance body and funding arm, ensuring that MEV capture and redistribution remain transparent, fair, and decentralized.

The foundation is partly governed through the $JTO token, which allows holders to participate in proposals and decision-making for the future of the ecosystem. In essence, the Jito Foundation is the governance and community-driven entity that steers the long-term growth of Jito’s innovations.

⌜Solana Blockchain⌝

[Problem]

In Solana’s current blockchain, transaction sequencing has suffered from a lack of clarity and fairness. Leader validators could freely reorder transactions without enforced rules or proofs of intent. Only the finalized block was visible, with no record of which transactions had been reordered or dropped.

As a result, traders and liquidators were exposed to frontrunning and backrunning, practices that fuel harmful sandwich attacks. This degraded execution quality and led to unfavorable prices.

Note: For a deeper explanation of sandwich attacks on Solana, check out our dedicated article on the topic.

[Solution by Jito Labs]

The Block Assembly Marketplace (BAM) redefines Solana’s market structure. According to a press release shared with CoinDesk, it is designed to make transaction sequencing “transparent and verifiable.”

BAM also creates new revenue streams for developers and reduces the impact of harmful MEV. BAM introduces three major innovations:

• Verifiable fairness: sequencing that is fully traceable and auditable.

• Programmable blockspace: developers can create custom sequencing rules.

• New revenue streams: applications can implement personalized fee models, benefiting developers, validators, and stakers alike.

  

⌜Technical Architecture⌝

[BAM Validators]

These are the validators running the updated Jito-Solana client. Their role is to execute the transactions delivered by BAM Nodes in the defined order.

[BAM Nodes]

It is a network of scheduler nodes using Trusted Execution Environments (TEEs). These secure enclaves sequence transactions while ensuring confidentiality and verifiability. TEEs function like “black boxes”: they rank and simulate transaction bundles without revealing sensitive data. This protects traders’ private strategies while still allowing validators to verify the results.

[Plugins]

Plugins are programmable interfaces that allow developers, traders, and applications to define their own sequencing logic. They introduce a new economic model:

• Developers can monetize their custom logic.

• Validators, node operators, and stakers share the value generated through a built-in redistribution system.

  

BAM thus transforms blockspace into an open sandbox, enabling the design of modular applications and new market models. For example, CLOBs (Central Limit Order Books) can be implemented within BAM, with deterministic and transparent execution that combines both on-chain and off-chain logic.

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⌜BAM and MEV impact⌝

Maximal Extractable Value (MEV) is at the core of BAM’s design.

• Reducing harmful MEV: BAM mitigates frontrunning, sandwich trading, and liquidation backruns, which previously undermined user trust.

• Encouraging useful MEV: arbitrage, which improves market efficiency, becomes more seamless and transparent.

Ensuring fair access: BAM offers a programmable and open path to capture MEV, without validator collusion or private agreements.

[Sandwich]

Before BAM

• Based on mempool visibility and validator reordering.

• Attackers front-run and back-run user trades.

• Users pay worse prices, value extracted by sandwichers.

After BAM

• Transactions are encrypted → no visibility for opportunistic attacks.

• Verifiable order → no hidden reordering.

• Only transparent logic via plugins is allowed.

➡️ Toxic MEV sandwiches is “neutralized”.

[Liquidation]

Before BAM

• Speed races between bots → massive spam and wasted resources.

• Gas wars raise costs for everyone.

• Unfair ordering possible, depending on validator behavior.

After BAM

• Encrypted tx → no mempool leaks, liquidations triggered purely from on-chain state.

• Verifiable order → bots can’t be unfairly pushed back.

• Protocols can design liquidation plugins (e.g. best discount, priority rules).

➡️ Liquidations remain, but become cleaner, fairer, cheaper, and protocol-driven.

[Arbitrage]

Before BAM

• Arbitrage bots rely on speed and spam to capture price gaps.

• Occasional unfair reordering could distort outcomes.

• High competition wastes compute units.

After BAM

• Encrypted transactions prevent sniping opportunities.

• Verifiable order ensures fair sequencing of arbitrage trades.

• Plugins can support new forms of cross-DEX or JIT arbitrage in a transparent way.

➡️ Arbitrage survives, but evolves into smarter, transparent, and more efficient strategies.

⌜Perspectives of Solana with BAM⌝

BAM brings Solana closer to a model where validators no longer order transactions themselves but instead select the most relevant pre-built blocks. This opens new opportunities for the ecosystem but also creates greater reliance on a smaller set of builders — making transparency and fair access absolutely essential.

For Solana, which aspires to become the financial ledger of the internet (or, as the community often calls it, the “Solana capital market”), BAM represents a strategic advancement. By allowing applications to define their own fee models, it transforms sequencing into a direct source of profit. If these revenues are redistributed to token holders, it could trigger a massive revaluation of many assets and drive a profound reshaping of Solana’s DeFi landscape.

⌜Final Summary⌝

The launch of BAM marks a major milestone in Solana’s evolution. With more transparent execution, programmable blockspace, and a new revenue-sharing model, the ecosystem is entering a phase of maturity.

As Lucas Bruder, CEO of Jito Labs, summarized:

BAM does more than simply address past inefficiencies; it redefines the foundations of decentralized finance on Solana and paves the way for a fairer, more innovative, and more sustainable blockspace economy.

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⌜Introduction⌝

Pump.fun is a platform that streamlines token creation on Solana. Users can launch a token by filling out a form with a name, symbol, description, and image, for a small fee (around 0.02 SOL).
All tokens are launched fairly, with no presale or reserved allocations, minimizing the risk of rug pulls.

⌜Token $ PUMP⌝

The PUMP token from the Pump.fun platform launched on July 12, 2025, through an initial coin offering (ICO) that raised $600 million in just 12 minutes, following a $400 million private sale. The launch reached a fully diluted valuation (FDV) of approximately $4 billion.
Initially priced at $0.004 during the ICO, the token quickly surged to a high of $0.0065 before pulling back to around $0.0052. In the following days, it traded between $0.0037 and $0.0053, reflecting significant volatility.

The price of PUMP surged by 20%, reaching a peak of $0.00678, with its fully diluted valuation (FDV) exceeding $6.3 billion. The 24-hour trading volume also spiked by 140%, hitting $1.32 billion.

⌜Token Distribution⌝

⌜Founding Ambition⌝

Pump.fun’s true ambition on Solana is to build the TikTok of Web3, where tokens are the content, creators are streamers and entertainers, and viewers become investors. A platform where anyone can launch a token as easily as going live on Twitch, posting a TikTok, or dropping a YouTube Short.

Here, creators aren’t chasing likes they’re earning “buys” on the tokens they launch.

Pump.fun introduces a new creative language for the Web3 era, blending memes, markets, and influence. It’s a tokenized streaming economy, driven by viral ideas and the personalities who bring them to life.
Web3 is no longer just for devs or traders, it’s becoming a stage to entertain, build, and monetize, just like Twitch or TikTok.

⌜Buyback⌝

Pump.fun has recently refined its revenue strategy. Instead of selling its SOL on exchanges like Kraken, the platform is now reinvesting protocol fees into a structured buyback program for PUMP tokens.

On July 16, 2025, the platform allocated 187,770 SOL (≈ $30.6 million) from its fee wallets to a dedicated buyback wallet.
To date, 111,953 SOL (≈ $18.3 million) has been used to repurchase 3.04 billion PUMP tokens at an average price of ~$0.006 per token. The purchased tokens have been moved to a separate storage address, signaling a long‑term commitment to supporting token value.

⌜Controversial Launch⌝

[Controversial Statements from the Co-Founder]

In March 2024, Alon, co-founder of Pump.fun, described token presales as “scams,” claiming their only real purpose was to let creators “pocket” the funds raised.

He also voiced strong skepticism toward CEX listings, calling them “outdated” due to a lack of transparency and the questionable quality of listed tokens.
His comments gained significant traction on social media, particularly on X (formerly Twitter), and sparked broader discussion around Pump.fun’s launch strategy.

[Contradiction with the Launch Strategy]

Despite these earlier positions, Pump.fun proceeded with an initial coin offering (ICO) for the PUMP token on July 12, 2025, in partnership with major centralized exchanges including Bybit, Kraken, KuCoin, Bitget, Gate.io, and MEXC. This move was widely seen as contradicting the Alon previous statements.

Additionally, all tokens purchased during the ICO were fully unlocked at launch, with no vesting period, ensuring full liquidity from day one.
In contrast, tokens from CEX pre-sales were officially subject to a two-day vesting period, yet some early buyers were able to sell them ahead of the public launch. Despite what some viewed as a contradictory setup, the launch proved to be a phenomenal success, driven by strong demand and sustained momentum.

Pump.fun’s launch strategy has sparked mixed reactions within the crypto community. While some view it as a strategic evolution from earlier criticisms of presales, others have raised questions about message consistency and called for greater clarity. The ongoing discussion highlights growing interest in the project and close attention to its direction.

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⌜$ PUMP & MEV⌝

MEV arbitrage Data Report

• 20,344 wallets used MEV bots to actively trade $TRUMP.

• $578 774,11 profitable all transactions were executed.

• $275,147.08 in cumulative profits were generated by these bots.

• 53.211908 SOL was earned from the single most profitable MEV transaction.

  

⌜Final Summary⌝

The future of Pump.fun and its PUMP token appears to be shaped by a proactive effort to support token value, notably through its buyback program.
While the platform experienced significant volatility following its launch, it has demonstrated a clear intent to reduce circulating supply in an attempt to create upward pressure on price.

The Web3 envisioned by this rising giant isn’t just for developers or traders — it’s becoming a stage to entertain, build, and monetize, much like streaming platforms such as Twitch or TikTok.
A long-term vision that could reshape advertising itself: real-time, direct monetization through creator token purchases.

Looking ahead, Pump.fun’s long-term success will depend on its ability to attract users through diverse use cases and to reassure investors amid ongoing concerns.

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⌜Introduction⌝

Slippage is a key concept in decentralized trading, especially on Solana, a blockchain known for its high speed and highly competitive environment. It refers to the difference between the expected price of a transaction and the actual price at which it is executed.

Example:
→ You want to buy a token at $1.00
→ You end up paying $1.02
→ Slippage = 2%

❌ Without slippage tolerance: the transaction fails
✅ With slippage tolerance (ex 2%): the transaction goes through, but at a slightly higher cost

While often minimal, slippage can become a significant risk if not properly managed particularly in a high-speed, competitive DeFi environment like Solana's.

⌜Importance of slippage on Solana⌝

Slippage is necessary because prices on a DEX fluctuate in real time. It allows:

[Trades to be executed despite market volatility]

• The price can change between the moment you sign the transaction and when it is confirmed on-chain.

• Without slippage tolerance, transactions would fail too frequently.

[Let users choose their preferred level of risk]

• Low slippage = more security, but higher risk of transaction failure

• High slippage = guaranteed execution, but potentially worse pricing

[Prevent “optimistic” errors]

• You set an acceptable margin of error (e.g. 0.5%).

• The protocol won’t execute the swap if the actual price exceeds that margin.

[Low liquidity pools]

• With low-liquidity tokens or newly launched liquidity pools, a large transaction can significantly impact the price

• High slippage, potential loss.

[Protection against losses]

• Slippage is your safety belt. It limits how much you're willing to lose due to market movement, not because of the token itself.

⌜Maximal Extractable Value⌝

Check out our full article on MEV

[Arbitrage]

Arbitrage bots serve a regulatory function.
By adjusting prices across multiple liquidity pools, they narrow quote spreads and reduce slippage for subsequent trades. Their presence is structural: by exploiting imbalances, they enhance market efficiency and contribute to price alignment.

[Sandwich]

By leveraging private mempools, some bots insert transactions before and after a targeted trade (frontrun + backrun), artificially inflating the user’s cost. While this strategy represents a small share of total MEV profit, it increases slippage for profit and directly degrades the user experience.

⌜Slippage & Account ⌝

On Solana, data is passed through accounts. As a result, each transaction includes:

• Instructions

• And the accounts associated with those instructions

So the information “I want at least 4.95 SOL” is stored in a field (or an associated account) of the transaction. These values are encoded in the transaction it self not just in the web app’s frontend.

• Allowed slippage = what you're willing to tolerate (min_out)

• Observed slippage = what you actually got (difference between estimated and actual price)

⚠️ Risk ⚠️
If slippage were set only in the frontend (user interface), then:

• A bot could intercept the transaction

• And execute your swap at a bad price

Encoding min_out_amount inside the transaction ensures the swap only executes if the minimum is met.
➡️ The program will refuse to execute the swap if this minimum isn’t met.
So you’re protected directly on-chain.

You want to swap 100 USDC → you expect to receive 5.00 SOL
You set a 1% slippage tolerance → meaning 4.95 SOL minimum

In the transaction:
Jupiter or Raydium encodes min_out = 4.95

If the market moves and the swap gives you 4.92 → ❌ the program cancels the execution

If you receive 4.96 → ✅ the swap is accepted

⌜Private transaction⌝

It is not a Solana on-chain program, system instruction, or native protocol. Here’s exactly what it is, what it isn’t, and how it fits into the ecosystem:

• An off-chain infrastructure service designed to protect user transactions from MEV attacks, such as sandwich strategies.

• Operated by entities like Circular.fi, it relies on a network of compatible validators similar to FAST relayers.

• It acts as a private relayer or "private transaction tunnel."

Some API (e.g. FAST) offer a private transaction option that routes trades directly to a partner validator, bypassing standard propagation paths like public RPCs or broadcast networks.
The goal is to prevent bots especially those using validator-integrated setups from seeing or front-running the transaction before execution.

In the Fast documentation example, this command allows you to execute a transaction, either protected or unprotected against MEV attacks.

frontRunningProtection: false, 

⌜New Paradigms: Slippage-Free DEXs⌝

Toward slippage-free DeFi on Solana?

Slippage is currently a core element of decentralized trading, but several experimental projects on Solana are aiming to eliminate it entirely by rethinking how exchanges operate. Two stand out for their innovative approach: Soliquid and Gavel.

Still in the prototype phase, these projects rely on complex systems combining virtual order books with atomic matching.
Trade intents remain private until execution.
This discreet execution model is drawing the attention of the MEV research collective on Solana.

Although not yet widely adopted, these projects reflect a deeper trend in DeFi,
aiming to eliminate slippage not through user settings, but by designing a new generation of DEXs where slippage is no longer managed it’s structurally removed.

These experiments are still in early stages, but they raise important questions about the future of decentralized trading:

1. Will slippage remain a fundamental parameter ?

2. Or will it be absorbed by fairer but more complex protocol designs?

⌜Data Analytics⌝

What Slippage Reveals About DeFi Markets on Solana

In a fast and fragmented environment like Solana, slippage isn’t just a side effect of trading.
For a tool like Circular.fi, it can surface on-chain insights such as:

• A key factor in arbitrage analysis (was the trade still profitable after slippage?)

• A metric for DEX swap efficiency

• A signal of MEV bot activity

⌜Final Summary⌝

• Slippage is both a user risk, a MEV opportunity, and a sign of inefficiency in Solana-based DEXs.

• It can be analyzed with high precision, block-by-block, transaction by transaction to detect stress points or potential attacks.

• Defensive strategies include strict min_out settings, private transactions, and smart tipping.

• New models are emerging to eliminate slippage by design, such as Gavel and Soliquid.

• At Circular.fi, slippage is viewed as a behavioral, tactical, and strategic signal, valuable across all levels: user, trader, arbitrageur, and builder.

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⌜Introduction⌝

In a major move bridging traditional finance and decentralized tech, Backed Finance has launched xStocks, a platform enabling users to trade real, tokenized U.S. stocks directly on the Solana blockchain.
With over 60 blue-chip equities and ETFs now on-chain, global investors can access and interact with traditional stocks 24/7, without intermediaries and with unprecedented flexibility.

⌜Token⌝

The xStocks platform features tokenized versions of some of the most valuable and recognized U.S. stocks and index trackers, including:

• Tech Giants: Apple (AAPLx), Nvidia (NVDAx), Microsoft (MSFTx), …

• Crypto-Linked Firms: Coinbase (COINx), Robinhood(HOODx), …

• Consumer Leaders: McDonald's (MCDx), Netflix (NFLXx), Amazon (AMZNx), …

• ETFs and Index Trackers: S&P 500 (SPYx) , Nasdaq (QQQ), …

Each token is backed 1:1 by the corresponding underlying share, securely held by a regulated custodian to ensure transparency and real-world asset backing.

⌜Marketplace⌝

Now accessible on xStocks across both centralized and decentralized platforms:

Centralized Exchanges: Kraken, Bybit, Bitrue Alpha
Solana DeFi: Raydium, Jupiter, Kamino, Phantom Wallet

With this launch, users can swap crypto for real stocks or even trade meme coins for blue-chip equities like Tesla or Nvidia, all from a decentralized wallet.

⌜xStocks & MEV⌝

There isn’t much MEV arbitrage data available yet, but it’s not completely missing either. Based on all xStocks-related addresses for which we’ve been able to gather data

• 20,574 profitable automated arbitrage transactions were executed.

• $6,162.35 in cumulative profits were generated by these bots.

• $672.89 was earned from the single most profitable MEV transaction.

  

⌜SOLANA & STOCK⌝

This week we’re comparing the behavior of the S&P 500 asset (SPYx) in its on-chain version on Solana versus its traditional stock market counterpart.

The SPYx token surged from $625 to $655.91 in under 10 hours almost 5% jump driven by a liquidity spike. But a volatile one, the price soon corrected.

• Smart contract: Solscan

• Tokenizer: Backed Finance AG

• Broker: Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG

By contrast, the stock version saw steadier, more sustained growth highlighting the maturity gap between the two markets.

On-chain volumes remain too low to support efficient MEV strategies. Still, this initial comparison points to a potential convergence worth keeping an eye on.

⌜Final Summary⌝

xStocks marks a major step forward in financial accessibility and innovation. By offering tokenized stocks backed by real-world assets, with instant settlement and full DeFi integration, it unlocks a new realm of opportunities for global investors.

Whether you’re a crypto-native trader or a traditional investor exploring blockchain finance, xStocks provides a simple, secure, and permissionless way to access U.S. equities. It’s a major leap for finance moving from weekday trading hours to true 24/7 accessibility.

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⌜Introduction⌝

The Trump family has emerged as an unexpected player in the world of cryptocurrency since 2024. Through the use of tokens bearing their likeness, non-fungible token (NFT) campaigns and community-driven strategies, Donald Trump and his inner circle have been exploring a new form of influence that blends politics, speculation and digital storytelling.

⌜Token⌝

The Trump-themed token ecosystem (comprising $TRUMP, $MELANIA and $USD1) exhibits a familiar pattern of memecoins: hype driven by narrative, rapid capital inflow and insider-driven, highly centralised exits.

• $TRUMP

January 17, 2025 14:01:48
Official Website 🔎 Solscan 🎗️ Audit

• $MELANIA

January 19, 2025 19:52:34
Official Website 🔎 Solscan

• $USD1 (WLFI = World Liberty Financial)

Jan-28-2025 04:01:35 AM UTC
Official Website 🔎 Etherscan & Bscscan

⌜NFT⌝

The allocation was based on three tiers of community engagement:

🥇 $TRUMP Diamond Hands

• 🛒 Magic Eden

• 🔎 Solscan

• 118 items

🥈 $TRUMP Gold Gala Dinner

• 🛒 Magic Eden

• 🔎 Solscan

• 219 items

🥉 $TRUMP Power to the Holders

• 🛒 Magic Eden

• 🔎 Solscan

• 1049 items

🔗 Site officiel des Trump Digital Cards : collecttrumpcards.com

While some see these NFTs as mere symbolic rewards, others view them as potential political access passes. The opaque distribution process and centralization around the Trump team have sparked controversy:

• Bought influence or rewarded loyalty?

• Regulatory voices warn of possible corruption and foreign interference especially if these tokens are used for lobbying or to grant tangible benefits.

• Several media outlets (nftandgamefi.com, NYPost, Coingeek, Decrypt, APNews) have flagged this emerging intersection between politics and crypto-assets.
  

The goal: reward loyalty, reduce volatility, and lock part of the supply held by the Trump family.

⌜Tokenomics⌝

• $TRUMP

First day : Over $39B in volume within hours, peaking at +900%, followed by an -85% crash, affecting over 15,000 holders.

June :

Over $266M in volume, ranging $8.8, affecting over 15,000 holders, the top 9 older capitalized 91% of supply.

• $MELANIA

First day : Reached a $5.6B volume shortly after launch. Roughly 33% of the supply was pre-acquired by insiders, who liquidated for up to $100M in less than 12 hours, triggering a -90% correction.

June :

Over $8.5M in volume, ranging $0.18, the top 9 older capitalized 89% of supply.

• $USD1, “stablecoin”

Launched on Ethereum and BSC, quickly surpassed $2B in market cap and averaged $900M in daily volume, yet remains highly centralized, with three wallets holding the majority of the supply.

📉 These tokens illustrate the same exploitative tokenomics:
silent accumulation → viral launch → aggressive pump → insider exit → retail fallout.

⌜Community⌝

Trump’s crypto strategy relies on Twitter-driven communication and community mobilization: coordinated raids, emotional narratives, and a crafted illusion of inclusivity.

NFTs

• Community engagement rewards.

• Distribution scheduled for May 22, 2025, during a private TRUMP team dinner.

$MELANIA

• Centrally managed marketing airdrops (by MEXC).

$USD1 (WLFI)

• Stablecoin airdrop driven by WLFI governance.

• Community vote.

• Airdrop: Technical test and proof of concept for the WLFI ecosystem.

Is the community truly driven by shared convictions or by the lure of an airdrop, a VIP dinner, or the hope of a price surge.

⌜$TRUMP & MEV⌝

Arbitrage Report (Q2.2025)

• 2,511 wallets used MEV bots to actively trade $TRUMP.

• 5,548,995 profitable automated arbitrage transactions were executed.

• $275,147.08 in cumulative profits were generated by these bots.

• $6,497.41 was earned from the single most profitable MEV transaction.

Ranking: $TRUMP consistently ranks among the top 10 memecoins.

⌜$MELANIA & MEV⌝

Arbitrage Report (Q2.2025)

• 806 wallets used MEV bots to actively trade $MELANIA.

• 493,061 profitable automated arbitrage transactions were executed.

• $10,559.59 in cumulative profits were generated by these bots.

• $5,170.41 was earned from the single most profitable MEV transaction

⌜Final Summary⌝

The Trump-affiliated tokens appear to follow a familiar memecoin trajectory: narrative-driven momentum, rapid price movements, and early-holder advantage.
NFTs distributed during a private dinner were presented as loyalty rewards, though their potential political implications have prompted discussion.

Through airdrops, curated messaging, and exclusivity cues, the strategy leverages emotional engagement within a highly centralized framework fostering a perception of participation.
While some interpret this as a well-executed community strategy, others question the long-term vision behind the initiative.

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⌜Introduction⌝

Launch Coin ($LAUNCHCOIN) is the core utility token of the Believe ecosystem. The app introduces a new way to fund the future, turning attention into capital so anyone with a great idea can quickly receive support from the community.

⌜Creation⌝

Ben Pasternak launched the $PASTERNAK token on January 28, 2025. It reached a market cap of $2.9M, partially driven by the Clout app, which climbed the App Store rankings to #19. Fueled by enthusiasm, Ben shared regular updates, though with little clarity about next steps.
By February 9, he began urging patience. Clout remained available but saw limited activity. His X account went silent, except for a single engineer recruitment post a month later, followed by another month of inactivity.

Meanwhile, the token's value dropped near zero, with minimal on-chain activity.

Then came a wave of news, culminating in the announcement of a new app, Believe, on April 27. On April 28, Believe went live. The migration from Clout to Believe generated massive attention, garnering nearly 630K views on X, like a slow-motion detonation. The token was rebranded as $LAUNCHCOIN and as Launch Coin on Believe.

Rename Source : Solscan

The first project to launch on the platform was Persoa: 5QvAeS2Un6ZoNjyKthGYo2ZpbcVP3diTMejyA48NEHTE.

It saw a short-lived rally to $0.02 on April 30, before declining again. But the real ignition was still ahead.
On May 1, the rocket launched: $LAUNCHCOIN surged as momentum built. Believe began onboarding promising new projects.

The Launchcoin token rose from $0.002 on May 8 to $0.36 on May 15 a performance of 17,900%.

⌜Launch⌝

• Join fundraising rounds and unlock early-stage investment opportunities.

• Vote on key project decisions.

• Use the token for arbitrage, staking, lending, or payments.

• Purchase physical or digital goods within the community.

• No crypto wallet required.

⌜Tokenomics⌝

Launch 1/24/2025

• Total token supply: 1,000,000,000.

The first transaction is here.

Now June 2025

• Fully Diluted Value: $153.98M.

• Market Cap: $153.98M.

• Liquidity: $3.42M.

⌜Community⌝

$LAUNCHCOIN turns holders into co-creators through an interactive ecosystem:

• Just reply to any tweet with @launchacoin.

⌜LAUNCHCOIN & MEV⌝

Arbitrage Report (Q2.2025)

• 464 wallets used MEV bots to actively trade $LAUNCHCOIN.

• 84,789 profitable automated arbitrage transactions were executed.

• $49,343.18 in cumulative profits were generated by these bots.

Ranking: $LAUNCHCOIN consistently ranks among the top 10 most arbitraged memecoins by bots.

⌜Final Summary⌝

$LAUNCHCOIN has evolved from a simple memecoin into a key player in SocialFi with the Believe app. Powered by an innovative model that converts attention into capital, it surged by over 17,900% in just one week. With wallet-free access and real utility from voting to payments, $LAUNCHCOIN has sparked major activity, making it one of the most arbitraged tokens by bots.
The market cap exceeding $150M, Launch Coin is reshaping how ideas are funded on the blockchain.

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⌜Introduction⌝

Fartcoin started with a simple goal: blending toilet humor with real-world impact. Powered by Pierre Beaudet with Truth_Terminal AI, the project creates a space where visual boldness, community spirit, and positive action collide featuring an absurdist film riffing on the "Goatse" meme (yes, fart jokes included), but more importantly, championing environmental causes. Beyond the deliberate shock value, Fartcoin is a playful manifesto to reimagine how art, decentralized finance, and sustainability interact.

⌜Creation⌝

The $FART token was born on October 18, 2024 from a love of nonconformity. With a total supply capped at 69,420,000 tokens. Ethereum was chosen for its security and compatibility, while keeping Solana deployment as a low-gas alternative.

This is how "shitoshi__" launched the project on October 18, 2024 via Pump.fun (program address: 9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump). The Initial Fartcoin Offering (IFO) set the tone: early tokens were distributed as rewards for the best fart jokes and memes. The most hilarious contributions not only earned token rewards but will also be featured in the upcoming Goatse film, blending community creativity with visual storytelling.

⌜Launch⌝

5 Launch Event Ideas Meme Meets Utility :

1. Goatse Forest Rave: “Silent VR disco” in a digital forest each tree planted (IRL or NFT) unlocks fragments of a “Goatse collective artwork”.

2. Fartcoin Airdrop Contest: Earn $FART tokens for the best fart jokes/memes, with top entries featured in the movie.

3. Metaverse Dodgeball: VR tournament with “Goatse-themed balls”, rewarding winners with exclusive NFTs and tokens.

4. Eco-Kink Hackathon: 24-hour sprint to build eco-friendly yet bold dApps/smart contracts, powered by FART DAO.

5. Meme Trading Simulator: A virtual market trading memes with $FART, using AI oracles to predict virality.

Why it works: Blends community-generated content with tokenized incentives, turning participants into stakeholders.

⌜Tokenomics⌝

Supply & Allocation (estimate)

• 50% to Community : Distributed via IFO, airdrops, and meme contests.

• 20% to Treasury : Funds future films and eco-initiatives.

• 15% to Core Team & Partners : 2-year vesting to ensure long-term alignment.

• 10% DAO Reserve : Future community governance and token burns.

• 5% Initial Burn : Deflationary pressure from launch.

DeFi Mechanisms

• Fair Launch : Anti-dump safeguards via timed locks and vesting.

Launch 10/18/2024

- Ticker symbol: $FARTCOIN
- Blockchain: Solana
- Total supply: 69,420,000 FARTCOIN

Now June 2025,

- Ticker symbol: $FARTCOIN
- Blockchain: Solana
- Circulating supply : 999 998 256 FARTCOIN
- Max supply : 1 000 000 000 FARTCOIN
- Market CAP : ~ 1,32 Md $ USD
- Volume 24h : $267.36M

Key Metric (Jan 20, 2025) :
Fartcoin hit a $2.096B market cap with nearly $600M in daily trading volume, solidifying its position as a utility driven meme coin. Here are the various wallet clusters holding Fartcoin. Showcasing exceptionally diversified distribution that highlights the token's broad adoption.

Source : Bubblemap

⌜Tangible Environmental Impact⌝

Desired feature

• Eco-Pledge: For every 1,000 FART tokens minted, we fund the planting of 1 real tree through certified forestation.

• Create a "Carbon Offset" : Burn tokens to trigger world impact, to fund renewable energy projects.

• Staking : Lock $FART to earn “Methane Credits” (redeemable for NFTs or event perks).

Fartcoin Ecosystem Blueprint:

• Direct % of token sales to forest regeneration initiatives.

• Community events generate cinematic content (documentaries/NFTs).

• 'Blockchain for Ecology' edutainment hubs in FART Metaverse.

⌜Community-Driven Governance⌝

Fartcoin turns holders into co-creators by Interactive Ecosystem :

• ✨ Gas Leak Events: Monthly meme/joke battles ($FART rewards + metaverse exhibition).

• 🏆 Hall of Flame: Curated NFT gallery of top viral creations (DAO-voted).

• 🧪 Breeding Lab: Merge 2 FartNFTs to generate rare hybrids (on-chain trait algorithm).

  

⌜FARTCOIN & MEV⌝

Fartcoin Arbitrage Report (Q2.2025)

• 1,646 wallets deployed MEV bots to trade Fartcoin.

• 18,012,333 profitable automated arbitrage transactions were executed.

• $4,586,969 in cumulative profits were generated by these bots.

Ranking: Fartcoin consistently ranks in the TOP 3 most arbitraged memecoins by bots.

⌜Final Summary⌝

Fartcoin is more than a novelty, it's a manifesto for unconventional finance that bridges Web3 creativity with ecological accountability. Blending occult-inspired pixel art with reforestation, this project harnesses absurdity to drive measurable impact. $Fart continues to drive high arbitrage activity thanks to its resilient community. It consistently ranks among the top 5 most traded memecoins and outperforms its peers monthly by leveraging its unique environmental value proposition.

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⌜MEV on Solana: The 3 Dominant Strategies⌝

On Solana, arbitrage isn’t just about spotting price gaps between two DEXs. Thanks to ultra-fast execution and low transaction fees, the network enables highly advanced arbitrage strategies used daily by MEV bots.

⌜What is MEV Mechanism⌝

MEV (Maximal Extractable Value), refers to the set of techniques used to extract additional value by reordering, inserting, or censoring transactions within a block.
On Solana, MEV mechanisms leverage fast execution, private mempool access, and infrastructure like Jito or Firedancer to strategically prioritize or manipulate transactions.
Typical strategies include:

• Arbitrage

• Liquidations

• Sandwich attacks

Often executed by bots, these operations highlight both the technical efficiency of Solana and the ongoing challenges around fairness and transparency in on-chain markets.

⌜🔄Arbitrage⌝

Concept: Exploiting price inefficiencies for identical assets across Solana DEXs (e.g., Orca, Phoenix, Raydium, Lifinity) through atomic execution

Execution Flow:

• Continuous on-chain monitoring of price feeds across liquidity pools.

• When a price discrepancy is found, the bot buys the token where it’s cheaper and sells it where it’s priced higher.

• Execution is near-instant, typically via atomic swaps (CPI calls), optimized multi-hop routing (Jupiter), or their own custom trading programs.

Example :

Trading Pair: SOL/USDC
DEX 1: Raydium Price: $167.00 (Liquidity: 500 SOL)
DEX 2: Phoenix Price: $168.41 (Liquidity: 200 SOL)

Opportunity:
Buy: 200 SOL on Raydium $167.00 → Cost: $33,400
Sell: 200 SOL on Phoenix $168.41 → Revenue: $33,682

Gross Profit: 
$282 ($1.41 per SOL spread)

Last month, arbitrage bots executed approximately 1.2 billion transactions on Solana.

⌜📉 Liquidation⌝

Concept: On lending protocols like MarginFi, Drift, or Solend, when a loan breaches its collateral ratio, a liquidator can repay part of the loan and claim the collateral with a bonus.

How it works:

• Bots monitor at-risk accounts across lending platforms via protocol APIs or Geyser streams.

• Once a loan’s collateral ratio drops below threshold, the bot triggers liquidation.

• It repays a portion of the debt and receives a larger amount in collateral → net profit.

Example :

A user on MarginFi takes out a loan in $USDC backed by $SOL.
→ Loan: 1,000 USDC (Collateral: 10 SOL @ $160) Liquidation: 85% LTV

The value of $SOL drops, pushing the position below the liquidation threshold.
→ Price Drop: SOL → $150 (LTV now 90%)

A liquidator repays $500 USDC and receives $540 worth of $SOL.
→ Repays 500 USDC (50% of debt) → Receives 3.6 SOL ($540 at $150/SOL)
→ Profit: $40 (8% bonus) + gas covered

Liquidators processed $28M in Solana liquidations (Marginfi/Drift/Jito, in 2024 ).

⌜🥪 Sandwich Attacks (Front-Back Running)⌝

Concept: Inserting transactions around a victim’s swap to exploit price slippage, profiting from the induced market movement and capture the slippage.

How it works:

1. Detection: Bots monitor private mempools for large pending swaps.

2. Front-Run: It front-runs by buying SOL first, before the victim’s trade executes.

3. Victim Impact: The victim’s swap artificially inflates the price due to low liquidity.

4. Back-Run: The bot selling the SOL at the new higher price, capturing the slippage as profit.

5. → Profit = price difference induced by the user's trade.

Example :

Target Trade: 
A large inbound swap is detected on Orca 10K $SOL → $USDC 
(initial price: $162.50).

Bot Action:
Front-run: Buys 500 SOL @ $162.50 → $81,250
Victim’s impact: trade executes → Price spikes to $163.30
Back-run: Sells 500 SOL @ $163.30 → $81,650

Profit: 
→ The bot back-runs to capture the slippage and extract profit, $400 (0.5% of victim’s trade size) 

According to tracking data, sandwich attacks extracted approximately 16M SOL from Solana over the past 30 days

⌜Final Summary⌝

Solana hosts a rapidly evolving MEV ecosystem. Understanding these three core mechanism methods provides crucial insight into how value flows on-chain and helps builders, traders, and curious minds stay competitive in a decentralized financial future.
On Solana, MEV is live-action every block.
It’s no longer just about capturing a spread. It’s about understanding how the network’s architecture enables extraction. These three strategies arbitrage, liquidations, and sandwich attacks form the core of what bots relentlessly harvest, block after block.

As Solana evolves with Jito, staking-based bundles, and dynamic fee markets, the nature of MEV will shift.

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⌜HISTORY OF ARBITRAGE⌝

The 17th century marked a significant shift in the world of arbitrage, Amsterdam emerging as the global financial hub.

The Dutch East India Company became the first publicly traded company in the world, with shares being traded in major cities like Amsterdam, London, and Paris.
The Bank of Amsterdam (1609) created a more stable currency system but traders still found ways to profit from foreign exchange (forex arbitrage).

They Spices, gold, and tulips were traded between continents, creating huge arbitrage opportunities.

⌜DEFINE ARBITRAGE⌝

Arbitrage is a trading strategy where you make a profit by buying an asset at a lower price in one place and selling it at a higher price in another place. The difference between these two prices is your profit.

Example of Simple Arbitrage:
Let’s say you go to two different stores:

→ Buy an apple for $3 on Shop A
→ Sell this apple for $5 on Shop B

If you do this you can win $2 by apple

⌜HOW ARBITRAGE WORKS IN CRYPTO⌝

In cryptocurrency, prices of the same coin or token can vary between different exchanges (financial markets). This creates an opportunity to buy low on one platform and sell high on another.

Example in Crypto Arbitrage:

→ 1 SOL costs $150 on Exchange A
→ 1 SOL costs $151 on Exchange B

Buy Solana on Exchange A and sell it on Exchange B, making a $1 profit per SOL.

⌜Why Does Arbitrage Exist?⌝

Arbitrage plays a crucial role in the blockchain ecosystem by balancing prices across different networks and trading platforms. Arbitrage traders help correct price discrepancies between exchanges, ensuring market stability.

These traders take advantage of price differences by buying an actif at a lower price on one platform and selling it at its actual market value elsewhere. This process helps realign prices and keeps DeFi protocols and trading platforms in sync with the broader market. Without arbitrage, price imbalances could last longer, leading to inefficiencies and potential losses for users.

⌜TYPES OF ARBITRAGE IN CRYPTO⌝

1️⃣ Centralized exchange

– Buying from one exchange and selling on another (CEX)

→ Binance → Kraken

2️⃣ Decentralized exchange (Atomic arbitrage)

– Finding price differences between decentralized exchanges (DEX)

→ Uniswap, Meteora, Raydium, Orca ...

It’s theoretically risk-free since everything happens in a single transaction, but it requires a bot and ultra-fast execution!

3️⃣ Multidirectional Arbitrage

• Exploiting price differences between different trading pairs on the différents exchange (CEX & DEX).

• Involves a single asset traded across multiple platforms to exploit price variations.

→ Buy SOL on a DEX like 150$    ->  and sell it immediately  
→ Sell SOL on CEX like 152$

⌜Transaction Analysis⌝

This transaction is quite interesting! ⏩️ Here’s what happened ⏪️:

DEX Swaps Only – The transaction was executed across three liquidity pools: Raydium CLMM 🔁 Meteora DLMM 🔁 Raydium CP.

1️⃣ Starting Balance - The wallet began with 11.1 SOL and swapped it for 2,231 USDC.
2️⃣ USDC to LIBRA – The 2,231 USDC was then used to purchase 1,795 LIBRA.
3️⃣ Final Swap – The 1,795 LIBRA was exchanged for a massive 3,044 SOL!

📉 ‼️ High Fees Alert ‼️– This transaction incurred 0.48 SOL ($92,19) in fees, which is quite high for Solana blockchain.

Overall, this was a well-executed arbitrage move,
turning 11.1 SOL into 3,044 SOL through strategic swaps!

⌜ ⚠️ Risks of Arbitrage ⚠️⌝

- Fees – Trading, withdrawal, and deposit fees can eat up profits.
- Network Delays – Moving funds between exchanges can take time, and prices may change.
- Slippage – Crucial feature on Solana that safeguards traders against sudden price changes. It plays a key role in DeFi swaps and arbitrage by helping to mitigate the risk of losing funds from large price disparities.

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