Calling all BTC enthusiasts! Jito, Solana's latest protocol, is causing a stir with its JTO token surging by over 100% in just 24 hours following its airdrop! Developed by Jito Labs, Jito stands as Solana's newest liquid staking protocol and ranks as the second-largest in terms of TVL, boasting over 6.4 million locked SOL (equivalent to around $460 million).

The JTO token witnessed an impressive $1.1 billion in trading volume within 24 hours of being airdropped to the community. Subsequently, the price has retraced to $3.39. The upswing in SOL's value can be linked to the Jito airdrop, which allocated 10% of the total supply of 1 billion JTO tokens to eligible Solana users.

Jito is generating heat in the Solana ecosystem, enabling users to deposit SOL in exchange for the JitoSOL derivative, signifying active participation in the staking process. The excitement revolves around the protocol's core technology, seamlessly blending liquid staking and MEV (miner extractable value) optimization. Acting as an independent transaction processing unit, Jito's relayer enhances network stability and provides a robust defense against spam transactions.