Solana Infrastructure Project Jito Builds SOL Re-Staking Service

According to BlockBeats, Solana infrastructure project Jito is reportedly developing a SOL re-staking service. This information comes from four insiders, as reported by Coindesk. Lucas Bruder, CEO of Jito Labs, has acknowledged the hype surrounding the project, likening it to a gold rush. However, he declined to comment on his company's plans. A survey by CoinDesk revealed that over six teams are quietly building Solana re-staking services. One of these teams is Cambrian, whose founder Gennady Evstratov stated that his seven-person team is finalizing a $2.5 million financing deal. Three investors have estimated the round's valuation to be around $25 million. Three venture capitalists familiar with the situation have indicated that another project planning to launch a Solana re-staking service, Solayer Labs, is currently hoping to raise $8 million in a seed round led by Hack VC, with a valuation of $80 million. Rachel Chu of Solayer Labs stated that the startup, which was founded two months ago, has already raised nearly $10 million, with investment coming from Solana co-founder Anatoly Yakovenko.