Jito generated about $1.28 million in protocol revenue in Q2 2026, down 45% from Q1 and marking a fifth consecutive quarterly decline from roughly $26.1 million in Q1 2025. The main drag came from weaker transaction-ordering value, also known as MEV, with tips falling to about $9.9 million from the prior quarter even as transaction volume stayed broadly flat at roughly 1.045 billion. Staking-related fees made up a larger share of revenue, with epoch and withdrawal fees contributing about $733,000, or 57% of the total, and transaction-ordering-related fees adding roughly $539,000, or 42%. Even as revenue weakened, Jito expanded its footprint on Solana. Its Block Assembly Marketplace, or BAM, grew to 378 validators from 340 and increased its stake-weighted share of Solana to 33% from 27.7%, with about $10.6 billion in delegated stake at the end of June. The broader Jito client family accounted for around 54% of active Solana stake, while Harmonic, Rakurai and Frankendancer held about 21%, 9% and 8% respectively. Jito also launched FireBAM, a Frankendancer-compatible BAM client. JitoSOL supply fell about 20% during the quarter to 9.86 million SOL, and its liquid-staking market share slipped to 17.3% from 20.3% with median implied APY near 5.7%. JTX, Jito's self-custody trading platform, opened phased early access on July 14 after JTO holders approved JIP-38. Under that structure, 80% of JTX platform fees will fund programmatic on-chain JTO buybacks and permanent burns for at least one year after launch. The DAO treasury rose to about $164.7 million mainly because the value of its JTO holdings increased, but operating cash flow was negative $566,000 in Q2 as BAM subsidies and liquidity incentives outpaced protocol fee generation.