Jito accrued substantial daily fees, outpacing the majority of DeFi protocols by a significant margin. Will SOL benefit?
has been able to attract numerous users to its ecosystem over the last few months. Primarily, this growth in activity has been initiated by memecoins being attracted to the network.However, other elements of the Solana ecosystem have also seen growth over the last few days. One of them was the Jito protocol.
Jito’s success has several potential implications for Solana. Firstly, it demonstrates the growing DeFi landscape on Solana. This could attract more developers and users to the platform, further accelerating DeFi growth within the Solana ecosystem. However, a large part of Jito’s fees are derived from MEV , which can sometimes lead to negative user experiences like sandwich attacks.
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