Jito dominates Solana with $351M market cap, $78M MEV fees, and 95% validator stake control

Jito has established a near-monopoly on Solana's validator revenue, controlling over 95% of active stake and generating $78.9 million in MEV fees in October 2024 alone. Its liquid staking token JitoSOL holds $2.92 billion in assets, offering staking yields plus MEV tip capture. The recent launch of JTX, a trading terminal, adds a new revenue stream by routing liquidity and returning 80% of fees to token holders via buybacks. This setup ties Jito’s revenue closely to Solana’s network activity, presenting strong value drivers for investors but also exposure to regulatory risks and on-chain volume fluctuations.