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Solana Foundation Reports One-Third of Staked Assets Flowing via Jito Labs' Platform

Solana Foundation Reports One-Third of Staked Assets Flowing via Jito Labs’ Platform

Solana Network Sees Increasing Adoption of Jito Labs Client

The Solana Foundation has reported that over 31% of stake is now running through the Jito Labs client, indicating that the Solana network is successfully operating on multiple clients. In an effort to promote Solana as a “multi-client network,” the foundation released its latest validator health report, highlighting the growing number of validator clients utilizing Jito Labs. Additionally, the report emphasizes that the network has maintained 100% uptime since February, a significant improvement compared to previous instances of downtime experienced last year.

According to the Solana Foundation, the number of validators using Jito Labs has nearly doubled since their previous report in March. The statement reveals that there are currently four different validator client implementations for the Solana network, built on three independent codebases. The Jito Labs client, which raised $10 million in a Series A funding round last year, is now utilized by over 31% of Solana validators. This marks a significant increase from 16% in March 2023 and 0% since its launch to mainnet in August 2022.

The Series A funding round for Jito Labs saw participation from Solana Ventures, Anatoly Yakovenko (co-founder of Solana Labs), and Austin Federa (Head of Communications at Solana Foundation).

Hot Take: Solana’s Multi-Client Strategy Boosts Network Resilience

Solana’s focus on becoming a multi-client network by encouraging the adoption of various validator clients, such as Jito Labs, has proven successful in enhancing the network’s resilience and uptime performance. The significant increase in validators using Jito Labs demonstrates growing confidence in this client implementation. By diversifying client options and maintaining 100% uptime since February, Solana has effectively addressed previous challenges and showcased its commitment to providing a reliable and robust blockchain infrastructure. This multi-client approach positions Solana as a competitive player in the crypto ecosystem, attracting more stakeholders and further solidifying its position as a leading blockchain platform.

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Solana Foundation Reports One-Third of Staked Assets Flowing via Jito Labs' Platform