• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Jito Labs Leads DeFi with MEV Infrastructure

user avatar

by Giorgi Kostiuk

2 years 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

SparkKitty Malware Campaign Exposed by Check Point

chest

A report from Check Point reveals the SparkKitty malware campaign targeting cryptocurrency users by scanning photos on infected devices for sensitive information.

user avatarRajesh Kumar

Shiba Inu Token Experiences Remarkable 22% Surge

chest

Shiba Inu has experienced a significant price increase of nearly 22% in just one week, marking a notable change after a long period of stagnation.

user avatarFilippo Romano

Congress Proposes AI Kill Switch Legislation

chest

Congress members propose the AI Kill Switch Act to give the federal government authority to shut down AI models.

user avatarEmily Carter

Frax Governance Discusses Proposal for Early Redemptions from Locked Ethereum Pools

chest

Frax governance is discussing a proposal for early redemptions from locked Ethereum pools with a 4% penalty fee directed to the Frax treasury.

user avatarTomas Novak

Frax Governance Proposes Morpho Lending Market for bdUSD and frxUSD

chest

Frax governance is discussing a proposal to create a Morpho lending market for bdUSD and frxUSD to enhance stablecoin liquidity and borrowing demand.

user avatarKaterina Papadopoulou

EigenLayers Forum Engages in ELIP018 Proposal Discussion

chest

The EigenLayers forum is currently engaged in a debate over the draft proposal ELIP018, which introduces a framework known as RETIRE, aimed at providing a terminal exit route for restakers.

user avatarMaya Lundqvist

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.