Crypto News

Solana Foundation Reports 30% of Staked Tokens Flowing Through Jito Labs Client

30% of Staked Solana Running Through Jito Labs Client

The Solana Foundation has highlighted significant progress in its network’s decentralization efforts. In their latest validator health report, they noted that over 31% of the total stake is now running through the Jito Labs client, a substantial increase since March 2023.

This development signifies that the Solana network has successfully transitioned into a “multi-client network,” demonstrating its resilience and maturity.

The foundation also proudly announced that the Solana network has maintained 100% uptime since February, marking a significant improvement compared to the network’s past downtime issues.

According to the report, there are currently four different validator client implementations for the Solana network, all built on three independent codebases.

The Jito Labs client has seen remarkable adoption, with over 31% of Solana validators now using it. This represents a substantial increase from the 16% adoption rate reported in March 2023 and marks a significant milestone since its launch on the mainnet in August 2022.

Jito Labs, which focuses on Solana MEV infrastructure, secured $10 million in a Series A funding round last year.

Notable participants in the funding round included Solana Ventures, Solana Labs co-founder Anatoly Yakovenko, and Austin Federa, the Head of Communications at the Solana Foundation.


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