Plain meaning
Start with the shortest useful explanation before going deeper.
A Solana MEV infrastructure project by Jito Labs that operates a modified validator client (jito-solana), a Block Engine for bundle simulation and routing, and a tip distribution program that collects and distributes MEV tips to staked validators. Jito's client is run by a supermajority of Solana's stake-weighted validators, making its bundle and tip market the de-facto MEV layer for the network. Jito also operates a restaking and liquid staking protocol (JitoSOL) using proceeds from MEV tip redistribution.