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Jito validator fee revenue hits record high

The Block data shows that last week, Jito validator fee revenue reached an all-time high of 17,290 SOL (about $3.19 million). Jito, a Solana-based MEV (Miner Extractable Value) solution, is growing in popularity as it allows validators to extract additional value from transaction sorting. The recent surge in fee revenue indicates that Solana users and developers are increasingly embracing Jito's value proposition. Analysts say that while the growth is impressive, it must be placed in the context of Solana's broader ecosystem growth, with 68,000 new tokens launched on the Solana network last week alone.