The TVL of the Jito protocol has grown significantly in the last 24 hours.
The protocol holds an important position on the #Solana blockchain.
It also ranked among the top five liquid stacking protocols on all blockchains.
Liquid stacking project #Jito has become the largest protocol on the Solana blockchain in terms of total blockchain value (TVL), DefiLlama data shows.
Jito's rise to the top spot is due to a resurgence in the Solana ecosystem's total TVL, which has increased by about 150% over the past year. Solana's TVL now stands at $3.7 billion, down 63% from a peak of $10 billion in November 2021 and down from a low of $210 million during the bear market in 2022.
Military robots search for cryptocurrency with #Defi guns in Russia.
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Shiba Inu runs to the digital circuit.
According to DeFiLlama, the total value of the Jito blockchain has increased by 15.99% in the last 24 hours to reach $1.4 billion, equivalent to nearly 38% of the Solana ecosystem's TVL.
With around 10 million SOL in TVL, Jito is the largest protocol in Solana, followed by Marinade with USD 1.35 billion and Kamino with USD 1.026 billion in TVL. Decentralized exchange Raydium has a TVL of USD 612.77 million and ranks fourth, ahead of Marginfi with USD 420.22 million.
These figures put Jito in the top five in the overall liquid stacking market across all blockchains, accounting for 3% of the $45.5 billion blocked by liquid stacking protocols.
Lido continues to dominate the overall liquid stacking market with a TVL of $27.6 billion, ahead of Rocketpool, #Binance and Mantle with $3.6 billion, $2.6 billion and $ 1.4 billion respectively.
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