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Jito news
About Jito
What is Jito Network?
Jito Network is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool, and its collection of MEV products.
Users can exchange their SOL for JitoSOL. In return, holders maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. JitoSOL uniquely provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana.
Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pool’s price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV.
The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits and increase transparency. Jito published an open source validator client designed to create a competitive market for MEV extraction. The client enables auctions within each block for the opportunity to capture that block’s MEV. Traders submit bids, and the highest bidders within each block can harvest available MEV.
What is JTO?
JTO enables token holders to make key decisions to shape the future of Jito Network so that it continues to evolve and thrive in alignment with the needs of those it serves, and of the broader Solana ecosystem. These decisions and initiatives may include:
* Setting fees of the JitoSOL stake pool
* Updating delegation strategies by controlling parameters of the StakeNet programs
* Managing the treasury of JTO tokens held by the DAO and fees generated from JitoSOL
* Contributing to the ongoing development and improvement of Jito’s protocols and products
The live Jito price today is $4.18 USD with a 24-hour trading volume of $164,570,525 USD. We update our JTO to USD price in real-time. Jito is down 4.78% in the last 24 hours. The current CoinMarketCap ranking is #138, with a live market cap of $509,378,873 USD. It has a circulating supply of 121,792,076 JTO coins and a max. supply of 1,000,000,000 JTO coins.
If you would like to know where to buy Jito at the current rate, the top cryptocurrency exchanges for trading in Jito stock are currently Binance, OKX, UZX, Bybit, and CoinW. You can find others listed on our crypto exchanges page.