PANews reported on December 27 that according to Cointelegraph, a report released by the crypto research firm Kairos Research on December 26 states: In November and December, the Solana ecosystem's liquid staking protocol Jito earned over $100 million in monthly revenue through priority fees and tips.
According to Kairos, in 2024, Jito's validator tip income is expected to grow by an average of 32% per month, with monthly revenue peaking at around $210 million in November. The increasing tip revenue of Jito reflects the growing popularity of the Solana network. At the same time, it indicates that the income validators earn by prioritizing certain transactions (rather than others) is on the rise, a practice known as Maximum Extractable Value (MEV).
In 2024, Solana's validators will for the first time earn more from MEV than Ethereum. Meanwhile, according to data from Dune Analytics, the transaction fees on the Solana network have increased from about 60,000 Solana tokens per day in January to over 150,000 in October. As of December 26, according to Jito's developer Jito Labs, over 93% of Solana validators are using Jito's software to maximize their income from block construction. PANews reported on December 27.
