Jupiter Rolls Out Jito Bundles Tipping to Combat MEV Attacks

Kelvin Munene Murithi
April 28, 2024
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Jupiter (JUP) Price Fluxes Amid LFG Launchpool Optimism, What's Next?

Highlights

  • Jupiter's Jito Bundles Tipping hides transactions until they hit the Solana blockchain.
  • Jito Bundles Tipping accelerates transactions by avoiding public RPCs.
  • Jupiter's auto-slippage feature calculates safe rates to minimize trading risks.

Jupiter, aiming at enhancing user protection against Miner Extractable Value (MEV) attacks, has introduced a new feature in its swap function called Jito Bundles Tipping. This unique service was created to protect the users from possible losses caused by such attacks that are more and more common in decentralized finance (DeFi).

Using the ‘Jito tip’ option within Jupiter interface before swapping, users can make sure that their transaction is not revealed to MEV searchers until it has been securely written into the Solana blockchain.

Advertisement
Advertisement

Understanding MEV and Its Effects on Transactions

MEV refers to the profit that miners or validators can gain from being able to arbitrarily include, exclude, or reorder the transactions within the block they are producing.

These adverse scenarios for ordinary users include larger slippage in trading or the outright financial losses due to sandwiching attacks, when the users’ transactions are abused by the parties that are aware of their existence. The transparency of blockchain technology, although one of its core virtues, enables such operations to be carried out, and thus requiring solutions such as Jito Bundles to protect users.

Advertisement
Advertisement

How Jito Bundles Tipping Works

Jito Bundles Tipping feature operates by sending user transactions directly to a Jito Validator instead of passing through public Remote Procedure Calls (RPCs). This approach enables the transaction to be processed faster and eliminates the premature exposure of transactional data to the threat of malicious activities.

The Jito Bundles Tipping feature is implemented by routing user transactions directly to a Jito Validator instead of going through public Remote Procedure Calls (RPCs). This method not only allows the transaction to be done quickly but also stops the early exposure of transaction data to attackers.

With a tipping mechanism in place, users reward validators for directly posting their transactions on the blockchain, cutting out opportunities for MEV attacks to be coordinated.

Advertisement
Advertisement

Additional Protective Measures by Jupiter

Apart from Jito Bundles Tipping, Jupiter has introduced multiple other measures to protect users from MEV attacks. One such measure is their conservative auto-slippage feature, which is currently in beta. This functionality measures the optimal slippage rate for the trade based on its specifics, which helps users avoid setting too high slippage values and thus avoid unnecessary risk in volatile market conditions.

Jupiter also employs only a few reputable RPCs to reduce the risk of further transaction data leakage. Intending to be a validator that will bootstrap it, Jupiter plans to improve its infrastructure thereby making transactions faster and reducing the time that transactions may be MEV strategies are vulnerable.

Additionally, the Jupiter user interface performs continuous sanity checks to prevailing market prices and provides advice on reasonable slippage settings, thus, securing the execution of transactions.

Read Also: US DOJ Fights Back Against Tornado Cash Founder’s MTD Request

Advertisement
coingape google news coingape google news
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary . With a Bachelor's degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets. His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content. Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape. Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.