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Recently, Jito Labs announced the discontinuation of its “mempool” functionality due to an increase in “sandwich” type attacks on the Solana network. These attacks exploit price fluctuations to make profits at the expense of users. The discontinuation of this functionality affected the trading of the JTO token, which saw its value decrease by 1.6%.
JITO coin is a digital currency belonging to the Jito Labs project, a project focused on improving the efficiency of trading operations in blockchain networks, especially on the Solana network. The project aims to provide innovative technologies to improve the speed and accuracy of trading operations and reduce their costs, through technological solutions such as improving performance and reducing price slippage.
JITO coin can be used in the project's ecosystem, such as paying fees or obtaining premium services. JITO is also available for trading on various trading platforms. The project aims to attract users who care about efficiency and speed in dealing with digital assets.
