The Believe ecosystem siphoned off the activity of Pump.fun, with Jito validators' daily tip income reaching 3.6 million USD.

GateUser-6433627c · 2025-05-20T01:05:44+00:00

On May 20, The Block reported that the daily tips paid to Jito validators on Solana have surged significantly over the past week, reaching an average of 20,900 SOL (approximately $3.63 million). This is a 57% increase compared to the previous 13,700 SOL (approximately $2.06 million), reflecting a notable rise in overall network activity. An increase in Jito validator tips typically indicates a higher demand for block space. However, this growth has not benefited all platforms equally; despite the rise in Solana's activity, the fee revenue for Pump.fun has decreased by 27.5%.

GateUser-6433627c

2025-05-20 01:05:44

Abstract generation in progress

On May 20, The Block reported that over the past week, daily tips paid to Jito validators on Solana have surged significantly, averaging 20,900 SOL (approximately $3.63 million). This figure represents a 57% increase compared to the previous four-week average of 13,700 SOL (about $2.06 million), reflecting a substantial rise in on-chain activity across the network. The spike in Jito validator tips usually indicates an increase in demand for block space, and this time is no exception. However, this surge has not benefited all platforms equally. Despite the increase in Solana’s activity, Pump.fun’s fee revenue has decreased by 27.5% month-on-month, dropping from $18.2 million from May 5 to 10 to $13.2 million from May 12 to 17.

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