PANews reported on December 27 that according to Cointelegraph, according to a report released by the crypto research institution Kairos Research on December 26: In November and December, the Solana ecological liquidity staking protocol Jito earned more than US$100 million in monthly income through priority fees and tips.
According to Kairos, Jito's validators' tip income grew by an average of 32% per month in 2024, with monthly revenue peaking at about $210 million in November. Jito's growing tip income reflects the growing popularity of the Solana network. It also shows that validators are earning more revenue by prioritizing certain transactions over others, a practice known as maximum extractable value (MEV).
In 2024, Solana’s validators earned more revenue from MEV than Ethereum for the first time. At the same time, according to Dune Analytics, transaction fees on the Solana network increased from about 60,000 Solana tokens per day in January to more than 150,000 in October. As of December 26, according to Jito Labs, the developer of Jito, more than 93% of Solana validators use Jito’s software to maximize their revenue from block construction. PANews reported on December 27,
