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One Company Runs 95% of Solana's Validators. Flowra's Harry Hwang Is Building the Open Alternative
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This story was originally published on HackerNoon at: https://hackernoon.com/one-company-runs-95percent-of-solanas-validators-flowras-harry-hwang-is-building-the-open-alternative.
Flowra CEO Harry Hwang on loosening Jito's 95% grip on Solana orderflow, why open competition pays validators more not less, and compliance-grade MEV rails.
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Jito's client runs on 95%+ of Solana's active stake; one provider operates the validator client, the relayer, and the block engine where ordering rules live.
Flowra — led by Harry Hwang (ex-TradFi/CeFi quant; founder of block-builder Mevity) — is building an Open Orderflow Auction (OOA) plus Programmable Block Policy (PBP) as the open alternative.
The counterintuitive core: exposing orderflow to many searchers compresses searcher margins, not validator revenue. Ethereum's PBS produced a measured +261% in proposer revenue.
Compliance is built in: PBP enforces sanctions/AML screening and blocks single-bundle sandwich attacks at the infrastructure layer.
The honest risk: open markets can re-concentrate — on Ethereum, the top three builders now win >95% of auctions.