Anchor, Pinocchio, and the state of Solana open source
Leo from Blueshift breaks down the Anchor vs Pinocchio decision for Solana program development. When each framework makes sense, what the tradeoffs are, and what Pinocchio means for on-chain throughput and cost.
Plus the token standards landscape, client diversity with Firedancer, and the open source culture on Solana.
Anchor, Pinocchio, and the state of Solana open source
Building wallets and payment flows on Solana
15 years in crypto: from Bitcoin remittances to tokenising RWA on Solana
More from Pirates Parley
Sunsetting the mempool: Lucas Bruder on Jito, BAM, and betting long-term on Solana
Lucas Bruder, co-founder and CEO of Jito Labs, joins Pirates Parley to break down why they shut off the public mempool, how BAM works, and what confidential block building on Solana looks like inside a secure enclave.Lucas got here via Tesla body controls on the Model X, an Xbox controller for surgical robots, a 50,000 pound bulldozer at Built Robotics, and lidar firmware at Ouster, before falling down the MEV rabbit hole and starting Jito in 2021.They cover:- Lucas's path from Tesla and Built Robotics to lidar and then Jito- how the Jito block engine works, and why the best analogy is Cloudflare- the peak day the Trump token launched, when Jito generated the network $20m and made up more than 50% of Solana REV- why they sunset the public mempool, and why Steve thinks it's the biggest pivot any blockchain company has made- BAM: transparent, verifiable, confidential block building inside a secure enclave- the maker priority plugin, and BAM running on just under 33% of stake- Jump running Bison as the number one prop amm on Solana- what has to happen for tokenised securities to work: Clarity, an SEC exemption, and users- why Jito Labs built JTX and how they think about execution- restaking, the honest reflection, and where Jito is focusing now- 100m CU blocks activated last week and the road to 200ms slots and Alpenglow- advice for new builders coming into Solana--------------------------------------------------------------00:00 - Welcome and cold open01:14 - Lucas's path: Tesla, hardware consultancy, cadavers05:13 - Built Robotics and the bulldozer06:46 - Ouster, MEV, and falling down the rabbit hole11:12 - What Jito does today: the market layer16:40 - The Jito block engine explained21:11 - The mempool: what it was, where it went wrong24:49 - Sunsetting the mempool: the biggest pivot in blockchain28:05 - BAM: block assembly marketplace31:10 - Maker priority, 33% stake, and consistent execution36:41 - Tokenised securities, Clarity, and what has to happen46:34 - Why Jito built JTX48:52 - Team size, focus, and letting restaking run54:11 - 100m CU blocks, Alpenglow, and shipping at Anza speed1:04:47 - Advice for new builders
Streamflow: solution first, problem later, and the alpha on equity-backed tokens
Malisha Stanojevic, founder and CEO of Streamflow, joins Pirates Parley to walk through five years of building the token distribution platform on Solana, and to drop the news on what they are turning it into next.Malisha joined Solana in May 2021 via a hackathon, built a Sablier-inspired token streaming protocol before he knew what problem it solved, and raised his first check at the Breakpoint 2021 closing party by typing a note on his phone because it was too loud to talk. Streamflow has since had over 40,000 tokens go through its programs and peaked at two billion dollars worth of tokens in escrow.They cover:Building the solution before finding the problem, and why he does not recommend itThe first check raised on a phone screen at Breakpoint 2021A 15-person VC call that turned into an interrogationSolana Ventures backing Streamflow and two of its competitors at the same timeWhy ETH, Aptos and Sui conferences felt like a different planetThe $1-a-day customer stream that got topped up with $15,000What it feels like to sit on two billion in customer escrowStride, Asymmetric Research, and how AI is now inside their CI/CD and code reviewWhy mental health is a founder virtue, not a weaknessThe alpha: equity-backed tokens, a Cayman Islands legal framework, and Streamflow becoming an onchain capital formation platformThe STREAM token transition and the Solana Summit Belgrade rollout00:00 - welcome and intro00:30 - how Malisha found Solana via a hackathon in 202103:40 - solution first, problem later: the Streamflow origin story08:50 - raising the first check on a phone screen at Breakpoint 202113:55 - the 15-person VC call about stolen open-source code18:20 - bias for action and why perfect is not that important21:20 - ETH vs Solana culture, and Solana Ventures backing three competitors26:20 - what Streamflow actually does: vesting, locks, airdrops, staking29:20 - the $1-a-day topup that extended a stream by 11 years33:20 - two billion in escrow and the top two fears in life37:40 - Stride, Asymmetric Research, and AI in the security stack42:40 - mental health as a founder virtue48:00 - the numbers: 20 people, $2.5M in 2025, still profitable50:20 - the alpha: equity-backed tokens and onchain capital formation56:00 - Cayman Islands framework and the STREAM transition58:00 - Solana Summit Belgrade, and next week on Pirates Parley
Sharded order books, and a $150K raise that filled in 5 seconds | Pirates Parley E26
Avhi and Arjun from Ordr join Pirates Parley the day after their futarchy raise on Futardio closed at 50x oversubscribed. We get into how the four of them met in a Solana Twitter space, why they think open market making beats prop AMMs, and what happens when you give every market maker their own book. They cover: Why Ordr gives each market maker a private book instead of one shared state Write-lock contention on Solana and how sharded books route around it ACE via Jito's BAM plugin, live in production today Repricing near-free via hot paths hand-written in sBPF assembly Colosseum honorable mention in the DeFi track and what it taught them The Futardio raise: $150K target, filled in under 5 seconds, 50x oversubscribed at the time of recording Their thesis on OpenMM: proprietary AMMs are closed black boxes, Ordr opens the same performance tier to anyone Mobile-native market making on Seeker, no infra required Codebase in Pinocchio, "developers who have lost their training wheels" Roadmap: audit first, public mainnet in four to five months Avhi finishing his four-year degree the day before the raise closed 0:00 Welcome and the day after Ordr's raise 1:45 Meet Avhi and Arjun, four founders from India 4:50 Meeting in a Solana Twitter space and shipping to Colosseum 10:35 Why Solana needs another order book: write-lock contention 12:00 How order books work and where aggregators fit 15:45 Sharded books: every maker gets their own account 21:00 Archer, price updates, and CU-level efficiency 22:00 Toxic order flow and ACE via Jito BAM 25:35 Fully onchain matching engine 26:30 Solana's read layer, Alpenglow, and finality 29:55 Triton infra and where Ordr sits on the read layer 31:30 The $150K raise, filled in five seconds 34:05 Avhi graduating the day before, and the team's ages 35:25 Why futarchy: betting on the belief 37:35 Token distribution and the ICO close on 31 July 40:10 Audit-first roadmap, public mainnet in four to five months 42:30 Pinocchio, sBPF assembly, and lost training wheels 43:45 Building in public and the audit proposal 45:10 OpenMM thesis and mobile-native market making on Seeker 50:55 Relentless teams and hard problems 51:55 Website walkthrough and Yellowstone Shield