Deep Tide TechFlow news, on December 27, according to Cointelegraph, based on a report from the cryptocurrency research institution Kairos Research on December 26, the Solana staking pool Jito earned over $100 million in monthly revenue from priority fees and tips in November and December.
Kairos stated that in 2024, Jito's validators are expected to increase tip income by an average of 32% per month. Monthly revenue peaked in November at approximately $210 million.
Jito's continuously growing tip income reflects the increasing popularity of the Solana network. It also indicates that the earnings gained by validators through prioritizing certain transactions are on the rise, a practice known as maximum extractable value (MEV).
According to Jito's developer Jito Labs, as of December 26, over 93% of Solana validators are using Jito's software to maximize block building profits.
