Year-to-date, 43% of Solana’s actual economic value comes from Jito Labs.

Currently, 94% of that value goes to SOL holders.

Jito gets the remaining 6% (3% to Jito Labs, 3% to the DAO).

The key is that Jito essentially controls the order of transactions on Solana.

It’s almost as valuable as L1 itself.

Meanwhile, L1 has no say in anything Jito does.