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

Buffalu, founder of the crypto infrastructure company Jito, said in a post on X: "The Jito Labs Block Engine team has been advancing development work, focusing on reliability and performance: - Reduce trust in centralized databases; - Better and faster network retries; - Better load balancer performance; - Improved auction logic brings lower latency and more transactions. These improvements have been 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 the block space used is very small (the average CU per block in the past 12 hours is about 9.3M, a total of 48M). To achieve this, we ran simulations on a custom internal fork of Jito-Solana (gt; 500k/s). Our system and validator clients delete bundles that fail to execute, saving block space and improving the experience of all users on the network. We have cared about stakers from day one and built a protocol that transparently distributes tips to stakers. This has led to validators and Increased staking rewards for LST (priority fees were not shared with stakers until SIMD-0123). Now ~20-30% of staking rewards come from Jito tips. Since launch in late 2022 (early validator adopters), validators and stakers have earned over 31M SOL in additional revenue. This month, it generated 9.2M SOL ($208M) in revenue for validators and stakers. There is still a lot of work to do in the future: - Improve auction efficiency and tip prediction work; - Platform performance; - Infrastructure redundancy and global footprint expansion; - (Revised) v2, scheduled for release early next year. ”