
Why Solana keeps getting faster — and what's next (ft. Jito Labs CEO Lucas Bruder)
About this episode
What if opening a trading account was as easy as downloading an app?
Lucas Bruder, CEO of Jito — a Solana-based liquid staking protocol — breaks down why he thinks all of finance is moving onchain, and what his small team is doing to make that happen.
During the 2022-2023 bear market, Jito was getting pitched constantly to jump ship to other chains. Lucas explains why they turned everything down, doubled down on Solana, and chewed a lot of glass.
We also cover how Jito acts like a Cloudflare for Solana, why cheap transactions create surprising problems, what convinced Lucas that the Solana engineers were in it for the right reasons, and his vision for a financial system anyone can access with just a phone.
Follow Jito: https://www.jito.network/
Follow Lucas: https://x.com/buffalu__
Highlights
- 0:00 — Intro
- 0:49 — What is Jito and why does it exist
- 1:11 — Why Solana transactions are less than a penny
- 2:00 — What attracted Lucas to Solana from Ethereum
- 2:39 — How Jito is like Cloudflare for blockchains
- 5:02 — The $1,500 Ethereum transaction fee problem
- 7:21 — The vision: all of finance onchain
- 7:46 — Onchain vs. opening a Robinhood account
- 8:37 — Lucas's journey from robotics to crypto
- 9:55 — Solana's rate of improvement and Anatoly's Law
- 10:44 — The pitch for people new to crypto
- 15:00 — Staying lean at 21 people
- 15:17 — Nicotine as a productivity hack
- 15:58 — Sleep, alcohol, and the Oura ring
- 16:40 — Smallest hill you'll die on: littering and shopping carts
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