According to Blockworks, Jito, a key software provider for the Solana blockchain, experienced a significant system-wide outage, impacting its transaction processing bundles. These bundles are crucial for traders engaging in activities like arbitrage. The outage occurred shortly after Jito achieved a record-breaking 15 million bundles processed in a single day, surpassing its previous high of 13.9 million.
Jito's software is utilized by approximately 90% of Solana validators, raising concerns about potential disruptions to the Solana network. However, transactions continued to be processed despite the outage, as confirmed by Jito co-founder Lucas Bruder. The incident comes amid a period of unprecedented demand for Solana's blockchain services, with Jito and other infrastructure components struggling to manage the increased load.
During the outage, Solana's DeFi protocols, Jupiter and Save, experienced feature disruptions. Jito had previously established a Telegram channel to keep customers informed about its block engine, which optimizes transaction ordering for profitability. The channel revealed that Jito had encountered two other system issues since the previous Saturday.
The outage provided an opportunity to observe Solana's fee market dynamics without Jito's infrastructure. Blockworks Research analyst Dan Smith noted that the blockchain's median priority fee temporarily increased during the outage, indicating higher costs for transaction processing. Solana co-founder Anatoly Yakovenko commented on the situation, highlighting that Jito's slower yet more reliable transaction processing helps lower median fees for other users. The median fee returned to normal levels once Jito resumed operations.
