Jito founder: Jito earned 9.2 million SOL for validators and stakers in November, and the new version v2 is scheduled to be released in early next year

Founder of Jito, an encryption infrastructure company, buffalu, stated in a post on X: ‘The Jito Labs Block Engine team has been pushing forward with development, focusing on reliability and performance follow.’

• Reduce trust in centralized databases;
• Better and faster network retry;
• Better load balancer performance; -Improved auction logic brings lower latency and more trades. These improvements are reflected in the user experience: more transactions can be completed faster. Jito tips pay normal priority fees at a ratio of about 1:1, but use very little Block space (the average CU of each Block in the past 12 hours is about 9.3M, totaling 48M). To achieve this, we ran simulations on the customized internal fork of Jito-Solana (>; 500k/s). Our system and validator client will remove failed transaction bundles, saving Block space and improving the experience for all users on the network. From day one, we have been concerned about stakeholders and have established a protocol for transparently distributing tips to stakeholders. This has led to an increase in validator and LST stake rewards across the entire Solana (until SIMD-0123 is shared with stakeholders for priority fees). Now, about 20-30% of stake rewards come from Jito tips. Since its launch at the end of 2022 (early validators adopters), validators and stakers have earned an additional income of over 31 million SOL. This month, it has generated an income of 9.2 million SOL (208 million US dollars) for validators and stakers. There is still a lot of work to be done in the future:
• Improve auction efficiency and tip forecasting work;
• Platform performance;
• Infrastructure redundancy and global footprint expansion;
• (Revised Edition) v2, scheduled to be released early next year.