Odaily Planet Daily News The founder of the crypto infrastructure company Jito, buffalu, stated on X: "The Jito Labs Block Engine team has been advancing development work, focusing on reliability and performance: - reducing trust in centralized databases; - better and faster network retries; - improved load balancer performance; - improved auction logic leading to lower latency and more transactions. These improvements have been reflected in the user experience: more transactions can be completed faster. Jito tips are paid at a ratio of about 1:1 for normal priority fees, but the block space used is very small (the average CU per block in the past 12 hours is about 9.3M, totaling 48M). To achieve this, we ran simulations on a custom internal fork of Jito-Solana ( > 500k/s). Our system and validator client remove failed execution bundles, saving block space and improving the experience for all users on the network. We have cared for stakers since day one, establishing a protocol that transparently distributes tips to stakers. This has led to increased staking rewards for validators and LSTs across Solana (priority fees were only shared with stakers until SIMD-0123). Now about 20-30% of staking rewards come from Jito tips. Since its launch at the end of 2022 (early validator adopters), validators and stakers have earned over 31 million SOL in additional income. This month, it generated 9.2 million SOL ($208 million) in revenue for validators and stakers. There is still much work to be done in the future: - improving auction efficiency and tip prediction work; - platform performance; - infrastructure redundancy and global footprint expansion; - (revised) v2, planned for release early next year."