Believe ecosystem drains Pump.fun activity, Jito validators earn $3.6 million in tips daily

On May 20th, according to The Block, daily tips paid to Jito validators on Solana have significantly increased over the past week, averaging 20900 SOL (approximately $3.63 million). Compared to the daily average of 13700 SOL (approximately $2.06 million) over the previous four weeks, this value has increased by 57%, reflecting a significant increase in activity across the entire network chain. The surge in tip fees for Jito validators usually indicates an increase in demand for blockchain space, and this time is no exception. However, this surge has not benefited all platforms equally. Despite Solana's increased activity, Pump.fun's fee income decreased by 27.5% month on month, from $18.2 million on May 5-10 to $13.2 million on May 12-17.