The market situation shows that JTO broke through 2.3 US dollars and is now trading at 2.99 US dollars, with a 24-hour increase of 18.26%.
As a liquidity staking protocol based on Solana, Jito's main function is to allow users to pledge SOL tokens into Jito's pledge pool in exchange for JitoSOL tokens. In this way, users can not only obtain staking benefits, but also enjoy MEV (Maximum Extractable Value) rewards. JitoSOL tokens represent pledged SOL and can be used in DeFi protocols, such as as collateral or participating in liquidity mining, etc.
Currently, Jito has become the largest staking protocol on Solana and the second-ranked protocol in TVL (Total Value Locked)ïżŒ. This shows that Jito occupies an important position in Solanaâs liquidity staking market and has a significant impact on Solanaâs LSD (liquidity staking derivatives) market structure. Jitoâs TVL exceeds US$2.17 billion, with an increase of more than 36.6% in the past 30 days, making it the only protocol on Solana with a total locked-up volume exceeding US$2 billion.
#JTOđ„đ„đ„ #jto #JTO.æșèœçç„ćș #JTO.æŻæ„æșèœçç„ #solanaçæ
