Thanks to this surge, Jito surpassed traditional DeFi collection leaders such as Lido and Uniswap.
In October, #Jito Labs' monthly collections totaled $78.92 million, double the $39.45 million recorded in May. With this growth, Jito surpassed traditional #DeFi fee leaders such as Lido and Uniswap.
especially strong was the October 24 record, bringing in $6.14 million in tips alone, indicating the growing demand for MEV extraction services in #Solana .
This result points to a potential shift in DeFi fee generation, as Jito became the first MEV-focused protocol to top the monthly fee rankings.
Several key factors contributed to Jito's success:
The protocol's specialized MEV infrastructure, including the Jito-Solana validator client and #blockchain , has proven effective in benefiting from increased activity on the blockchain.
With its JitoSOL liquid token, the protocol has created a dual revenue stream combining the rewards of traditional betting with the benefits of MEV mining.
The recent surge in activity has strengthened Solana's position as a retail hub, especially in new token categories such as Mimcoin and Artificial Intelligence Coins, contributing to increased transaction volumes and MEV opportunities.
Read us at: Compass Investments
