Jito Logo

Jito JTO

Jito header image

1. Summary

Ranks

Liquidity
99
Developer
-
Social
11
Momentum (beta)
0
Stack Rank™
-
Price
$3.08 +15.0%
Market Cap
$381.71M (#151)
Supply
117.20M / 1.00B
Tags
Solana Ecosystem Liquid Staking Governance Tokens Multicoin Capital Portfolio
More Metrics
Price
52W High price $3.56
52W High date 19th Mar 2024 (4 months ago)
All Time High (ATH) Date 7th Dec 2023 (7 months ago)
ATH Price $6.01
% From ATH -45.11%
All Time Low (ATL) Date 8th Jan 2024 (6 months ago)
ATL Price $1.45
% From ATL 127.27%
Supply & Trading Volume
Trading Volume (24h) $131.69M
Total Supply 1.00B
Circulating Supply 117.20M
Less Metrics
Description

Jito

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Jito

Jito is a liquidity staking protocol on the Solana network, increasing staking yields by capturing Maximal Extractable Value (MEV) and reducing congestion on the Solana network. Users can deposit SOL into the Jito platform to receive an equivalent value of JitoSOL tokens. JitoSOL accumulates staking rewards over time. Users can unlock and exchange their JitoSOL for SOL tokens.

JitoSOL and Staking Rewards

The Jito platform allows users to stake SOL, receiving JitoSOL tokens that accrue value from both staking rewards and MEV rewards. This enables users to earn yield while also maintaining capital efficiency via DeFi integrations. JitoSOL holders can earn yield from validators while also accruing interest in lending protocols or yield farming.

Governance Token: JTO

The governance token, JTO, allows community members to have a direct impact on the decision-making and direction of the Jito network. JTO is used for governance, granting holders voting rights to set fees for the JitoSOL staking pool. The initial supply of JTO is 1 billion tokens, with a specific allocation plan for community growth, core contributors, ecosystem development, and investors.

Markets and Participation

As of November 2023, JitoSOL became the largest liquid staking token on Solana, surpassing Marinade. The project has seen significant growth, with increased Total Value Locked (TVL) and a rapidly expanding user base.

Technical and Functional Improvements

To address network congestion issues, Jito has developed its client to eliminate garbage transactions associated with Maximal Extractable Value (MEV). This client encourages validators to run the software, offering rewards to stakers and enhancing overall network efficiency.

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2. Price

JTO

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2.1. Market Performance

How does Jito's (JTO) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

25.6%

JTO

5.2%

Similar Market Cap

60 Day Return

55.1%

JTO

32.4%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 3,481
Twitter followers 68,663
5. News
More News Less News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://www.jito.network/
Explorer https://solscan.io/token/jtojtomepa8beP8AuQc6eXt5F...
Twitter @jito_sol

What is the correct contract address for Jito?

Solana jtojtomepa8beP8AuQc6eXt5FriJwfFMwQx2v2f9mCL

Has Jito been audited for security?

No security audits found for this project.

Are you the owner of Jito? Edit it here

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