Solana's Jito Staking Pool Hits $100M in Monthly Revenue

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Solana’s Jito Pool Breaks Records with $100 Million Monthly Revenue Surge

Written by Aaron S.,

Editor-In-Chief

Last Updated: December 27, 2024

Key Takeaways

Jito staking pool earned over $100 million from priority tips, with validators’ revenues growing 32% monthly on average;
Solana validators surpassed Ethereum in MEV earnings as transaction fees nearly tripled;
JitoSOL boosted Jito’s DeFi presence, with a $2.75 billion total value locked.

Solana’s Jito Pool Breaks Records with $100 Million Monthly Revenue Surge

The Solana SOL $184.67 blockchain has seen remarkable growth in validator earnings, driven by Jito, a leading staking pool.

According to Kairos Research, Jito’s validators earned over $100 million in priority tips and fees during November and December 2024.

Monthly revenues steadily increased throughout the year, averaging 32% growth each month, with November being the most profitable month, reaching approximately $210 million.

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According to Jito Labs, as of late December, over 93% of Solana validators were using Jito’s software to optimize their earnings.

This surge reflects the growing use of Maximum Extractable Value (MEV), where users pay validators to prioritize their transactions.

Validators can maximize efficiency and revenue by controlling the order of transactions in a block. While this helps ensure transactions are processed smoothly, it has also led to rising costs for users.

For the first time, Solana’s validators earned more from MEV activities than Ethereum’s ETH $3,339.79 validators in 2024. Transaction fees on Solana also rose sharply, nearly tripling from 60,000 SOL daily in January to over 150,000 SOL by October.

Beyond MEV, Jito has become a major player in decentralized finance (DeFi) through its liquid restaking token (LRT), JitoSOL. The token represents a share in a pool of these restaked tokens and has helped Jito grow to nearly $2.75 billion in total value locked.

While Solana's network reaches new heights in validator earnings, Beacon Chain has also grown into a major player in the Ethereum network. How did it achieve this transformation? Read the full story.