More than '31% of stake running through the Jito Labs client,' Solana Foundation said in its latest validator health report.
Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank ChaparroSolana Foundation announces that more than “31% of stake [is] running through the Jito Labs client.”No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.
Seeking to promote Solana's gains as a"multi-client network" the organization published its latest validator health report to both show the rising number of validator clients using Jito Labs and to note that the network"has experienced 100% uptime" since February. This contrasts with last year when the network had
Solana Foundation said the quantity of validators using Jito had nearly doubled since its last report in March. "There are four different validator client implementations for the Solana network in active development, built on three independent codebases," the statement said."The Jito Labs client is run by over 31% of Solana validators, up from 16% since March 2023 ... and up from 0% since August 2022, when the client first launched to mainnet."$10 million in a Series A funding round last year. The company builds Solana MEV infrastructure.
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