TechFlow news, December 27 — According to Cointelegraph, a December 26 report by cryptocurrency research firm Kairos Research revealed that Solana staking pool Jito generated over $100 million in monthly revenue from priority fees and tips during November and December.
Kairos stated that in 2024, Jito's validators saw an average monthly increase of 32% in tip income. Monthly revenue peaked in November at approximately $210 million.
Jito's growing tip income reflects the rising popularity of the Solana network. It also indicates increasing returns for validators who gain profits by prioritizing certain transactions—a practice known as maximum extractable value (MEV).
As of December 26, more than 93% of Solana validators were using Jito's software to maximize block-building revenue, according to Jito Labs, Jito's developer.
