Jito, a new project on the Solana blockchain, is gaining attention for its combination of Lido and Flashbots, offering a different MEV client. It has a Total Value Locked (TVL) of 471mm and annualized revenue of $2.8mm, while Lido's TVL is 22bn with annualized revenue of $80.43m. Jito is seen as a natural consequence of Solana's speed and a call option on future MEV. Its LST has less share than Lido on Ethereum, but it's considered a different beast in the Solana ecosystem.
shiny new koin effect Lido Revenue (annualized) $80.43m Lido TVL 22bn vs Jito Revenue (annualized) $2.8mm Jito TVL 471mm we simply long shiny new coin full of hope https://t.co/QrqNsuxh5q
.@jito_sol = @LidoFinance + Flashbots And so while its LST has less share than Lido does on Ethereum, it's also a different beast, as the Jito team has built the dominant MEV client in @solana
Assets staked: @LidoFinance vs. @jito_sol https://t.co/5zSN4jmLpK
Jito is Lido + Flashbots and a call option on future Soylana MEV https://t.co/FgR6p6819R
Simplified explanation of Jito for Ethereum folks: If Lido and Flashbots made a baby, Jito would be that baby.
Jito flipping lido is a natural consequence of solana being faster