Solana Liquid Staking Platform Jito Surpasses $400M in Revenue in Q4

Jito, a Solana-based liquid staking platform, had a record quarter in terms of fees and revenue and brought in more cash than Ethereum’s Lido. Jito made $402 million in fees and revenue in Q4, according to DeFiLlama, more than any previous quarter and a 504% increase from Q3. The Solana platform surpassed Lido revenue for the first time ever, as the Ethereum-based liquid staking platform made $237 million in fees and revenue in the past three months, a measly 2.7% increase from the previous quarter, according to DeFiLlama data. Meanwhile, Marinade Finance, a Solana liquid staking protocol, generated $22 million in quarterly revenue, according to data from DeFiLlama . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io