Odaily News Buffalu, founder of the crypto infrastructure company Jito, said in a post on X: The Jito Labs Block Engine team has been advancing development work, focusing on reliability and performance: - Reduce trust in centralized databases; - Better and faster network retries; - Better load balancer performance; - Improved auction logic brings lower latency and more transactions. These improvements have been reflected in the user experience: more transactions can be completed faster. Jito tips pay normal priority fees at a ratio of about 1:1, but the block space used is very small (the average CU per block in the past 12 hours is about 9.3M, a total of 48M). To achieve this, we ran simulations on a custom internal fork of Jito-Solana (>500k/s). Our system and validator clients delete bundles that fail to execute, saving block space and improving the experience of all users on the network. We have cared about stakers from day one and established a protocol for transparently distributing tips to stakers. This has led to a significant increase in the number of validators and LSTs across Solana. staking rewards increased (priority fees were not shared with stakers until SIMD-0123). Now ~20-30% of staking rewards come from Jito tips. Since its launch in late 2022 (early validator adopters), validators and stakers have earned over 31 million additional SOL. This month, it generated 9.2 million SOL ($208 million) in revenue for validators and stakers. There is still a lot of work to be done in the future: - Improving auction efficiency and tip prediction work; - Platform performance; - Infrastructure redundancy and global footprint expansion; - (Revised) v2, planned for release early next year.