The Jito Foundation announced the acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, and plans to relaunch the publication after its recent closure.
SolanaFloor ceased operations last month after a $27 million exploit involving its parent organization, Step Finance. The team considered external financing and acquisition, but was unable to continue operating the platform.
Jito stepped in to bring the site back online, but did not disclose the acquisition value. The foundation said SolanaFloor will resume publication immediately while maintaining editorial independence. The newsroom will continue to cover network activity, market movements and technical development across the Solana ecosystem.
“When SolanaFloor went down, the ecosystem lost something hard to replace,” said Brian Smith, president of the Jito Foundation. He described the acquisition as a commitment to support information infrastructure that enables market participants to understand on-chain developments.
The relaunch comes as the Solana network remains resilient. Spot exchange-traded funds pegged to the token now have nearly $1 billion in assets, while the total value locked in the network’s DeFi ecosystem is $6.7 billion.
Jito himself plays a role in Solana’s infrastructure. The project develops software used by validators to manage transaction orders and capture maximum extractable value, or MEV, a form of additional income that can arise during block production.
The network also runs a liquid staking system that allows users to deposit SOL and receive a token called JitoSOL that remains usable in decentralized finance applications while also earning staking rewards.
Under new ownership, SolanaFloor’s editorial team will retain control over story selection and coverage priorities. Jito stated that details on the platform’s team, partnerships and business offerings will be provided as the relaunch progresses.
