JTO top gainer on Binance. #JTO/USDT

Jito Network contributes to the Solana ecosystem with its JitoSOL liquid staking pool and a range of MEV (Maximum Extractable Value) products. It allows users to convert their SOL into JitoSOL, providing them with the benefits of SOL’s liquidity and DeFi capabilities, along with additional yields from staking. Uniquely, JitoSOL also rewards its holders with extra earnings from transaction fees generated through MEV activities on Solana.

MEV refers to the potential profits that arise from the specific sequencing of transactions. The Jito Foundation was established to mitigate the adverse effects of MEV. It aims to distribute MEV profits fairly and enhance transparency in the process. Jito has released an open-source validator client intended to foster a competitive environment for MEV extraction. This client introduces an auction system within each block, allowing traders to bid for the right to extract MEV from that block. The highest bidder in each block then gets the chance to capitalize on the MEV opportunities. #jto