$JTO
Jito Labs, as a developer on the Solana network, has risen to the top of the DeFi rankings. Jito Labs set a new high in fee revenue in October, reaching $78.92 million, which is double the record set before May. Jito Labs' fee revenue reached nearly $79 million, outperforming traditional leaders like Lido and Uniswap. Jito Labs' MEV-driven model is setting new standards for decentralized finance, with the key to Jito Labs' success being its advanced infrastructure, including the Jito-Solana validator client and block engine. These tools help capture maximum extractable value (MEV) by optimizing transaction ordering, allowing the protocol to leverage Solana's high-capacity on-chain activity.
Jito Labs' leading position in the DeFi space, especially its innovations and successes in MEV extraction, as well as its influence on the Solana network and the entire DeFi industry.