Jito
JTO Price
Jito (JTO) offers liquid staking on Solana, enabling users to earn MEV rewards with JitoSOL. More
| Fully Diluted Valuation | $1.91B |
|---|---|
| 24H Trading Volume | $70.08M |
| 24H Low / High | $1.85 / $ 2.00 |
| Circulating Supply | 354.42 M |
| Total Supply | 1.00 B |
| Max Supply | 0.00 |
| Categories | Decentralized Finance (DeFi) 7 more |
|---|---|
| Founder | Lucas Bruder 1 more |
| Website | jito.network |
| Socials | 1 more |
| Chains | Solana Ecosystem |
| Explorer | Solscan 2 more |
| Contracts |
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| Name | Pair | OG Score |
|---|
Jito (JTO): Empowering Solana's Liquid Staking Ecosystem
Jito Network plays a pivotal role in the Solana ecosystem, primarily through its JitoSOL liquid staking pool and a suite of Maximum Extractable Value (MEV) products. The platform enables users to exchange SOL for JitoSOL, maintaining liquidity and DeFi opportunities while earning staking rewards and transaction revenue from MEV extraction on Solana.
MEV and Jito's Approach
Maximum Extractable Value (MEV) refers to profit opportunities resulting from the specific order of transaction execution. Jito addresses MEV by offering JitoSOL holders additional rewards from transaction revenue associated with MEV extraction, thus incentivizing participation in the network.
JTO Governance Token
Jito introduced the JTO token to enable holders to shape the network's future. Token holders can set fees for the JitoSOL stake pool, update delegation strategies, manage the treasury, and contribute to protocol development and improvement.
Unique Features of JitoSOL
JitoSOL stands out in two ways:
Additional Rewards from MEV Transactions: JitoSOL holders earn yield from MEV transactions on Solana, enhancing their overall rewards.
Exclusive Staking with Performance-focused Validators: Jito exclusively stakes with validators that enhance network performance, reducing network congestion and improving efficiency.
Jito's Impact and Growth
Jito's liquid staking solution has garnered significant attention, boasting a Total Value Locked (TVL) of 6.4 million SOL and an impressive APY of 6.96%. With over 73,000 active holders, Jito has become a key player in Solana's DeFi landscape.
Jito's Governance Model and Tokenomics
Jito's governance model revolves around the JTO token, with a total supply of 1 billion tokens. The token distribution includes rewards for Solana validators, JitoSOL holders, and users of Jito's MEV services, ensuring a fair and inclusive ecosystem.
Jito Network's innovative approach to liquid staking and MEV extraction has positioned it as a cornerstone of the Solana ecosystem. With the JTO token empowering community governance, Jito continues to evolve and thrive, providing users with unparalleled opportunities in the burgeoning DeFi landscape.
Jito (JTO) offers a liquid staking solution for Solana, allowing users to stake SOL and earn MEV rewards through JitoSOL. This unique approach provides additional rewards from MEV transactions on Solana, enhancing user earnings and network efficiency.
Jito Labs was founded in 2021 by Lucas Bruder and Zano Sherwani. They created the Jito-Solana validator client and launched the liquid staking functionality in October 2022, aiming to address MEV issues within the blockchain ecosystem.
You can buy Jito (JTO) on Binance, Bitget, BybitCoinbaseOKX cryptocurrency exchanges.
OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Jito JTO. To access these ratings, evaluations, and comments, click here.
There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.
This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of Jito (JTO) is ($354,417,344), max supply of Jito JTO is ($0) and the market cap of Jito JTO is ($675,825,734).
What is the Jito (JTO) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!
The current market price of Jito (JTO) is $1. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.
It is important to do comprehensive research before deciding whether Jito (JTO) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:
Is this type of digital asset considered legal in your country?
Does Coin (Jito JTO) solve a good problem or offer the best solution?
Do products and services work effectively, and solutions are scalable?
Does the team have a realistic roadmap and can catch up with it?
Does Jito (JTO) have reasonable and sustainable revenue income models?
Can the team market their products and services well?
How decentralized is the governance and how strong is the community?
Has it reached its fair market value yet?
Does the coin/token have enough trading pairs and liquidity?
As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Jito (JTO) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.
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