Jito Beats Ethereum and Uniswap in 2024 DeFi Fees—What’s Driving Its Success?

Market DeFi Jito (JTO)

Jan, 22, 2025

< 1 min read

by Peter Mwangi

for CoinEdition

Jito Labs Breaks Records, Setting a New Standard for DeFi Fees

Jito Labs sets a new fee generation record, surpassing $20 million in two days.
Jito outperforms Ethereum and Uniswap in 2024, becoming a leading DeFi player.
Jito’s token price rises 7%, but trading volume drops, signaling potential volatility.

Jito Labs has set a benchmark in decentralized finance (DeFi), achieving over $20 million in daily fees on January 20 and 21, 2025. Focused on maximal extractable value (MEV) services for the Solana blockchain, Jito’s infrastructure has outperformed traditional DeFi leaders.

A key milestone was reached on January 20, when the protocol generated a record $26.49 million in fees, driven by the high-profile MELANIA transaction.

According to DeFiLlama, from January 20 to 21, Solana MEV infrastructure Jito captured more than $20 million in fees for two consecutive days for the first time in history. On January 20, the day of the MELANIA transaction, Jito captured fees of $26.49 million, setting a new…
— Wu Blockchain (@WuBlockchain) January 22, 2025

Jito’s Fee Growth Outpaces Rivals

Jito Labs has shown remarkable growth in recent months. By October 2024, the protocol recorded $78.92 million in monthly fees,…

The post Jito Beats Ethereum and Uniswap in 2024 DeFi Fees—What’s Driving Its Success? appeared first on Coin Edition.

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Jito Beats Ethereum and Uniswap in 2024 DeFi Fees—What’s Driving Its Success?

Market DeFi Jito (JTO)

Jan, 22, 2025

< 1 min read

by Peter Mwangi

for CoinEdition

Jito Labs sets a new fee generation record, surpassing $20 million in two days.
Jito outperforms Ethereum and Uniswap in 2024, becoming a leading DeFi player.
Jito’s token price rises 7%, but trading volume drops, signaling potential volatility.

A key milestone was reached on January 20, when the protocol generated a record $26.49 million in fees, driven by the high-profile MELANIA transaction.

According to DeFiLlama, from January 20 to 21, Solana MEV infrastructure Jito captured more than $20 million in fees for two consecutive days for the first time in history. On January 20, the day of the MELANIA transaction, Jito captured fees of $26.49 million, setting a new…
— Wu Blockchain (@WuBlockchain) January 22, 2025