Jito Labs Leads DeFi with MEV Infrastructure

by Giorgi Kostiuk

a year ago

Jito Labs, a developer in the Solana network, reached new heights in DeFi with $78.92 million in fees in October.

Jito Labs' Breakthrough in MEV Infrastructure

With fees nearing $79 million, Jito Labs outperformed traditional leaders like Lido and Uniswap. Their success is attributed to a model based on maximum extractable value (MEV) and advanced infrastructure, including the Jito-Solana validator client and Block Engine.

Strengthening Solana’s Role in Retail Trading

Jito's revenue growth is also linked to Solana's increased appeal for retail traders, particularly in sectors like memecoins and AI-related tokens. This has created more opportunities for MEV extraction, benefiting both ecosystems.

Jito Labs Sets a New Precedent in DeFi

Jito Labs' success signifies a shift in DeFi, where MEV extraction becomes vital for revenue, as demonstrated by the company's leadership in the sector.

Jito Labs showcases potential for setting new standards in DeFi, highlighting the importance of MEV extraction for competitive edge and revenue growth.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Trump's US Tech Force Program Attracts Over 25,000 Applicants

The Trump administration's US Tech Force program has received over 25,000 applications, aiming to recruit 1,000 engineers for federal positions with salaries between $150,000 and $200,000.

Zainab Kamara10 minutes ago

Tech Giants to Hire US Tech Force Program Graduates

Major tech companies, including Apple, Google, Nvidia, and Microsoft, pledge to hire US Tech Force program graduates after their government service, enhancing job prospects and addressing workforce shortages.

Jacob Williams10 minutes ago

Data Center Expansion Driving Up Electricity Costs for Consumers

The rapid expansion of data centers is significantly increasing electricity prices for consumers in states like Illinois, Ohio, and Virginia, with residential prices surging by up to 20%. Consumers may face a $166 billion burden to secure future power supplies.

Ayman Ben Youssef19 minutes ago

Chris Kelly Urges AI Industry to Focus on Energy Efficiency

Chris Kelly, former Facebook chief privacy officer, urges the AI industry to prioritize energy efficiency due to the growing electricity demands of massive data centers.