Fully-diluted market cap (FDMC) = price x max supply. If max supply is null, FDMC = price x total supply. if max supply and total supply are infinite or not available, fully-diluted market cap shows N/A.
Jito Network plays a significant role in the Solana ecosystem, notably through its JitoSOL liquid staking pool and a range of MEV products. With JitoSOL, users can swap their SOL for JitoSOL tokens. By doing so, holders maintain SOL's liquidity and DeFi opportunities while earning staking rewards. Notably, JitoSOL holders also benefit from additional rewards derived from transaction revenue associated with MEV extraction on Solana. MEV, or Maximum Extractable Value, refers to profit opportunities arising from the specific order of transaction execution. For instance, a significant swap on Orca may cause the pool's price to drop below that of Raydium or Serum, prompting traders to exploit this price difference through arbitrage, constituting MEV. To address MEV's potential negative impacts, equitably distribute profits, and enhance transparency, the Jito Foundation was established. As part of its efforts, Jito has released an open-source validator client aimed at fostering a competitive market for MEV extraction. This client facilitates auctions within each block, allowing traders to bid for the opportunity to capture the block's MEV. Subsequently, the highest bidders within each block can seize available MEV.