jito

According to Arkham analyst Emmett Gallic's monitoring, Multicoin-associated addresses transferred 440,000 JITOSOL to market makers FalconX and Galaxy Digital, worth approximately $47 million.Emmett Gallic expects that Multicoin still holds at least about 2.8 million SOL ($250 million). At the beginning of 2021, they held as much as 24 million SOL. Multicoin co-founder Kyle Samani announced his departure to explore new directions in the tech field while still serving as the chairman of the largest SOL treasury company.

According to official news from the Coinbase Platform, Coinbase has expanded its Solana infrastructure to Jito BAM, which is the latest deployment following Agave, Jito-Agave, Firedancer, and Harmonic.The company stated that Coinbase is leveraging Jito BAM to support its latest community validator "Coinbase 05." This expansion aims to provide customers with more options and enhance the robustness and resilience of the network by increasing client diversity.

According to Arkham data, at 02:19, 9.7143 million JITO (worth approximately $2.75 million) was transferred from the Squads Vault "Jito Tokenomics SubDAO" to an anonymous address (starting with jtojtome...).

According to market news, 21Shares has launched the first Jito Staked SOL ETP in Europe, with the product code JSOL, listed on the Amsterdam and Paris pan-European exchanges, priced in USD and EUR.The ETP directly holds Jito SOL, and its net asset value reflects staking rewards, providing investors with exposure to an underlying asset that includes embedded staking yields. Jito SOL is a liquid staking token issued by Jito Network on the Solana network, allowing holders to earn staking and MEV-related rewards while maintaining asset liquidity. 21Shares stated that this product offers institutional investors a regulated investment channel for Jito SOL.

The Solana ecosystem staking protocol Jito announced that the Jito Foundation will stake its entire allocation of Solana Mobile tokens SKR to support its development, and the future of mobile technology is unfolding on Solana.

According to market news, Jito Labs announced the launch of the IBRL Explorer tool, which transparently showcases the construction details within Solana blocks for the first time.The tool has discovered widespread behaviors such as "Late Packing" and "Slot Timing Games" in the Solana network, which affect state propagation efficiency, increase latency, and weaken network stability. The IBRL Explorer generates an IBRL score for each validator through three scoring mechanisms: Slot Time, Vote Packing, and Non-Vote Packing, aiming to enhance block construction quality and network performance.

The Jito community has released proposal JIP-31, which suggests redistributing 100% of protocol revenue to BAM validators. The proposal states that this move will not only enhance the competitiveness of the Solana network but also attract more developers and users, further promoting the development of its ecosystem. Additionally, it can reduce harmful MEV and maximum extraction strategies on the network.

According to market news, the non-profit organization Jito Foundation, which supports the development of the Jito platform, stated that it will return to the United States.Lucas Bruder, co-founder and CEO of Jito Labs, mentioned that during "Operation Chokepoint 2," the cryptocurrency industry faced service termination by banks, forcing the Jito Foundation to operate overseas. He pointed out, "Banks do not provide us with services, and vendors do not contract with us. Every product decision faces real but hard-to-quantify legal risks from hostile and capricious regulators who have acted with impunity."He also noted that the passage of the GENIUS stablecoin bill and the ongoing development of the cryptocurrency market structure bill are the reasons for the Jito Foundation's decision to return to the United States.

Jito, co-founder and CEO of buffalu, stated at the Solana Breakpoint conference that Solana is clearly winning the speed race.He pointed out that over the past few years, we have witnessed a sixfold increase in transactions per second, thanks to the collective efforts of all Solana ecosystem engineers and all the excellent application developers. In the chart on the right, you can see the continuous growth of block space over the past few years. At the beginning of this year, Solana's per-block computational limit was about 48 million compute units, which was then raised to 50 million and 60 million compute units. It is expected to leap to 100 million compute units by early next year and continue to grow exponentially.

According to Arkham data, at 07:02, 5.2 million JITO (worth approximately 2.84 million USD) were transferred from an anonymous address (starting with 4AuRm...) to Fireblocks Custody.

According to Arkham data, at 03:59, 6.2 million JITO (worth approximately 4.12 million USD) was transferred from one anonymous address (starting with J7ybrQ...) to another anonymous address (starting with 4AuRmn...).

ChainCatcher news, according to Fortune, the crypto division of venture capital firm Andreessen Horowitz has invested $50 million in the Solana staking protocol Jito.

ChainCatcher news, Jito Foundation announces four updates on JTO token economics:Completion of the first round of $1 million JTO buyback and future plans: A $1 million JTO buyback was completed in four installments over ten days. The TWAP buyback strategy will continue to be used in the near future, while other mechanisms, such as an auction system, are being developed to achieve automatic accumulation of JTO value.JIP-24 proposal passed, DAO block engine fees doubled.Launch of the JTO Economic Hub page.Hosting the first JTO holder conference call.

ChainCatcher news, according to official news, Jito has announced that it has submitted the S-1 filing for the VanEck JitoSOL ETF. This application is the result of months of collaboration with regulatory agencies such as the U.S. Securities and Exchange Commission for policy advocacy, as well as the ongoing business development and educational efforts of several ecosystem contributors.

ChainCatcher message, SOL Strategies announced that its treasury currently holds 400,909 SOL. The company generates SOL revenue daily through its validator nodes and chooses to reinvest it instead of diluting shareholder equity, thereby expanding the treasury size at a cost lower than market purchases. Furthermore, this data does not yet include its Jito SOL holdings.

ChainCatcher message, the Jito governance forum announced the JIP-25 and JIP-XX proposals. JIP-25 aims to expand the number of validators from 200 to 400, remove the over-optimization of voting points, and rank based on commission, MEV commission, validator age, and voting points in reverse order.JIP-XX allows JitoSOL stakers to express delegation preferences to multiple eligible validators. JitoSOL in DeFi applications will be allocated to compliant DeFi validators, and the remaining staking will be distributed according to the JIP-25 proposal. Both proposals are expected to enhance the liquidity of JitoSOL and the scale of DeFi applications.

ChainCatcher news, according to Decrypt, the U.S. Securities and Exchange Commission (SEC) has issued a statement formally exempting liquid staking protocols such as Lido for Ethereum and Jito for Solana from securities laws. This decision sets a regulatory precedent for non-custodial staking in the decentralized finance (DeFi) space.Data shows that Lido currently manages over 30% of staked ETH, while Jito is a core service provider for staking and MEV infrastructure in the Solana ecosystem. The SEC's decision is seen as a continued advancement of the Project Crypto initiative.

ChainCatcher news, according to CoinDesk, Jito Labs proposed governance proposal JIP-24 on August 5, suggesting that all revenue generated by Block Engine and BAM be directly transferred to the Jito DAO treasury.Currently, Block Engine revenue is distributed at a rate of 3% each to Jito Labs and the DAO. If the proposal is passed, the entire 6% fee and future BAM-related revenue will be permanently transferred to the DAO treasury.

ChainCatcher news, Jito Labs submitted a governance proposal JIP-24, which intends to transfer 6% of the transaction fees from the Block Engine of the Solana ecosystem Jito Network and all future BAM revenues to the Jito DAO treasury, canceling the existing "3% Labs/3% DAO" split. After the proposal is approved, the DAO will have full control over the protocol's revenue, allowing the Cryptoeconomics SubDAO to formulate value return strategies. The official estimate is an annual increase of about 15 million dollars in revenue.