Solana's staking pool Jito is making waves, raking in over $100M from priority fees in late 2023, with November's peak hitting $210M! 🚀 Validators are cashing in on Maximum Extractable Value (MEV), prioritizing transactions like VIPs at a club.
In 2024, Solana validators out-earned Ethereum's from MEV for the first time, as transaction fees tripled. Jito's software is now the go-to for 93% of Solana validators.
JitoSOL, a liquid restaking token, is the new DeFi darling, boasting $2.75B in total value locked. Restakers enjoy juicy 8.6% yields, while validators keep the lion's share of tip revenues.