Solana’s Jito staking pool exceeding $100M in monthly tips: Kairos Research
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Dec 26 2024Jito's Revenue Growth: Jito, a Solana staking pool, generated over $100 million in monthly revenues from priority fees and tips in late 2023, with peak earnings reaching approximately $210 million in November. The increase in revenue is attributed to the rising popularity of the Solana network and validators earning more from Maximum Extractable Value (MEV).
Restaking and Governance: Jito has become the leading DeFi protocol on Solana with nearly $2.75 billion in total value locked, offering yields of about 8.6% for JitoSOL restakers. A governance vote in October allowed for a portion of tip revenues to be distributed to these restakers, although validators retain the majority of income from tips.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
