The income from priority fees and tips received by Solana's ecological staking pool, Jito, has exceeded 100 million US dollars in the past two months

According to a report released by the crypto research institution Kairos Research on December 26: In November and December, Solana's liquidity staking protocol Jito earned over $100 million in monthly revenue through priority fees and tips.

Kairos stated that by 2024, the tip income of Jito's validators will increase by an average of 32% per month, with monthly revenues peaking at about $210 million in November. The growing tip income of Jito reflects the increasing popularity of the Solana network. At the same time, it also indicates that the income obtained by validators through prioritizing certain transactions (over others) is increasing. This practice is known as Maximum Extractable Value (MEV).

In 2024, for the first time, Solana's validators earned more from MEV than Ethereum did. Meanwhile, according to data from Dune Analytics, transaction fees on the Solana network increased from about 60 thousand Solana tokens per day in January to over 150 thousand in October. As of December 26th, according to Jito Labs - developers behind Jito - over 93% of Solana validators use their software to maximize earnings from block construction. PANews reported this news on December 27th.