The Jito Foundation announced its acquisition of SolanaFloor, a data platform and news site focused on the Solana blockchain, and plans to relaunch the publication after its recent shutdown.
SolanaFloor went out of business last month after a $27 million takeover involving its parent organization, Step Finance. The team considered external funding and acquisitions, 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 developments across the Solana ecosystem.
“When SolanaFloor went dark, the ecosystem lost something that was hard to replace,” said Brian Smith, president of the Jito Foundation. He described the purchase as a commitment to support information infrastructure that enables market participants to understand onchain developments.
The relaunch comes as the Solana network remains robust. Spot exchange-traded funds linked to the token now have nearly $1 billion in assets, while the total value locked on 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 ordering and capture maximum extractable value, or MEV, a form of additional revenue that can arise during block production.
The network also runs a floating staking system that allows users to deposit SOL and receive a token called JitoSOL that remains usable across decentralized finance applications while still earning staking rewards.
Under the new ownership, SolanaFloor’s editorial team will retain control over story selection and coverage priorities. Jito stated that details of the platform’s team, partnerships and commercial offerings will be provided as the relaunch progresses.
