Jito (JTO) has become the largest protocol on the
Solana network, boasting a total value locked (TVL) of approximately $1.4 billion. This has led to rising prices for both JTO and
Solana (SOL), with Jito's price seeing a 70% increase in the month of May. Part of this growth can also be attributed to the recent airdrop activities that have seen thousands of dollars worth of JTO distributed to the community, pushing competitive protocols like
Marinade to their all-time high. Key projects like Phantom Wallet and Jito have also introduced
liquid staking for SOL.
BingX has also enlisted JITO, which coincides with a rise in Solana price, evidencing their interconnected growth. Even in the face of
MEV attacks, Jito Labs has countered such activities by discontinuing their 'mempool' function, paving the way for the expansion of Solana's ecosystem. Aided by
Coinbase listing for JTO, the token surges pursued, successfully launching their governance token despite crypto market fluctuations. In line with these developments, analysts’ price prediction for JTO is increasingly bullish, eyeing a continued rise to new all-time highs as 2024 approaches.
Jito Coin News Analytics from Thu, 11 Aug 2022 07:00:00 GMT to Tue, 18 Jun 2024 15:22:00 GMT -
Rating 8
- Innovation -4
- Rumor -3
