Solana Ecosystem Toby Protocol to issue tokens, targeting the billion-dollar MEV revenue market

【Blockchain Rhythm】At the Breakpoint Conference on December 12th, there was an interesting piece of news—the Toby protocol in the Solana ecosystem, which focuses on MEV liquidity staking, is launching a token.

Their launch of the TOBY token’s main selling point is to bring “basic yields” to the Solana chain through the OpenMEV mechanism. In simple terms, it redistributes the profits from MEV, allowing ordinary stakers to also benefit.

More importantly, OpenMEV targets a real revenue market of 10 billion USD within the ecosystem. They have already negotiated integration with top protocols like Jupiter, Sanctum, Kamino, and Drift. This clearly indicates an intention to make a big move in Solana’s DeFi sector.

However, whether the MEV staking path can succeed ultimately depends on the subsequent tokenomics design and actual yield performance. After all, this kind of play involves high technical barriers and significant user education costs.