Jito protocol revenue fell to approximately $1.28 million in the second quarter of 2026, marking a 45 percent decrease from Q1. This extends a five-quarter decline from approximately $26.1 million in Q1 2025, according to the Q2 2026 Jito tokenholder report published by Blockworks Advisory.
The primary driver was a reduction in transaction-ordering value (TOV), previously known as MEV. Jito processed approximately $9.9 million in tips during the quarter, down roughly 50 percent from $19.85 million in Q1.
Transaction volume on the Jito network remained largely stable at approximately 1.045 billion transactions in Q2, a 0.13 percent increase from the previous quarter.
The revenue composition shifted toward staking fees. Epoch and withdrawal fees generated approximately $733,000, accounting for 57 percent of total revenue, while TOV-related fees contributed roughly $539,000, or 42 percent.
Jito's Block Assembly Marketplace (BAM) expanded its validator count from 340 at the end of Q1 to 378 by the end of Q2, surpassing half of Solana's total validator count. The stake-weighted share of BAM validators rose from 27.7 percent to 33 percent of Solana's network stake, representing approximately $10.6 billion in SOL delegations.
The broader Jito client family, including Jito-BAM and Jito-Labs, collectively accounted for approximately 54 percent of Solana's active stake. Competing validator clients gained ground: Harmonic held roughly 21 percent of active stake, Rakurai 9 percent, and Frankendancer 8 percent.
Jito introduced FireBAM during Q2, a new client compatible with Frankendancer, designed to broaden validator participation within the BAM network.
JitoSOL, the protocol's liquid-staking token, saw its supply decline approximately 20 percent, from 12.35 million SOL at the end of Q1 to 9.86 million SOL by the end of Q2. It remained the largest standalone liquid-staking token on Solana with approximately 9.85 million SOL in TVL, though its market share fell from 20.3 percent to 17.3 percent. The token recorded a median implied annual percentage yield of approximately 5.7 percent during Q2.
Jito launched JTX, a self-custody trading platform, as its main new product initiative for Q2. The platform launched with JIP-38 JTO buybacks, introducing a potential new revenue stream for the protocol and native JTO token.
The protocol's DAO treasury closed Q2 at approximately $164.7 million, up significantly from $68.2 million at the end of Q1, primarily driven by appreciation of JTO holdings. JTO accounted for approximately $154.6 million of the treasury, up from $57.3 million, while JitoSOL holdings represented approximately $9.2 million.
