Solana sees record Jito validator tips amid rise in network activity and new token launches | Headlines | News | CoinMarketCap
08/08/2024 23:43Solana's ecosystem is buzzing with activity, and Jito validators are reaping the rewards. The Block data shows a dramatic spike in Jito …
Solana's ecosystem is buzzing with activity, and Jito validators are reaping the rewards.
The Block data shows a dramatic spike in Jito validator tips, reaching an all-time high of 17,290 SOL (approximately $3.19 million) last week. This surge represents a significant uptick from the relatively stable levels seen over the past six months, pointing to increased network activity and potentially changing dynamics within the Solana ecosystem.
Jito, a Solana-based MEV (Miner Extractable Value) solution, has been gaining traction as it allows validators to capture additional value from transaction ordering. The recent spike in tips suggests a growing recognition of Jito's value proposition among Solana users and developers.
While the growth in Jito tips is impressive, it's …