The Solana Foundation has highlighted a significant development in the Solana network, with over 31% of staked assets now utilizing the Jito Labs client. This milestone underscores Solana’s status as a “multi-client network,” as stated in the latest validator health report released by the organization. The report not only showcases the growing adoption of Jito Labs by validator clients but also emphasizes the network’s remarkable achievement of maintaining 100% uptime since February. This is a marked improvement from the network’s previous experiences with downtime.
The report also notes that the number of validators utilizing Jito Labs has nearly doubled since the last report in March, illustrating the growing trust in this client. Solana Foundation explains that the network currently has four different validator client implementations in active development, built on three independent codebases. The adoption of the Jito Labs client has surged from 0% in August 2022, when it was first launched on the mainnet, to its current share of over 31%.
Jito Labs, a company specializing in Solana MEV (Miner Extractable Value) infrastructure, raised $10 million in a Series A funding round last year. Prominent participants in the funding round included Solana Ventures, Anatoly Yakovenko (co-founder of Solana Labs), and Austin Federa (Head of Communications at Solana Foundation).