Raydium

Secure

Jito

Foundation

Spot

<img decoding="async" width="1600" height="700" src="https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge.jpeg" class="attachment-full size-full wp-post-image" alt="Jito Surpasses Lido To Secure 1st Spot As Leading Fees Generating Protocol" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge.jpeg 1600w, https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge-300x131.jpeg 300w, https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge-1224x536.jpeg 1224w, https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge-768x336.jpeg 768w, https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge-1536x672.jpeg 1536w, https://coingape.com/wp-content/uploads/2024/04/Jito-JTO-Price-Surge-150x66.jpeg 150w" sizes="(max-width: 1600px) 100vw, 1600px">
The decentralized liquid staking platform Jito (JTO) has recently marked a monumental stride by securing the first spot among leading fee-generating protocols across all blockchains. Notably, the Solana-backed platform overtook Lido (LDO) in 24-hour fee generation volume, garnering noteworthy attention among market participants. Here’s a brief report on the project’s recent advancement, which has glimmered hope for its future endeavors. 
<h2 id="jito-overtakes-lido-defillama">Jito Overtakes Lido: DeFiLlama</h2> 
According to the insights offered by <a rel="nofollow" href="https://defillama.com/fees/lido" target="_blank">DeFiLlama</a>, Jito overtook Lido in 24-hour fee collection today, July 29. As per the data, the Solana-backed platform collected a staggering $3.27 million in fees over the past 24 hours, whereas Lido fell short with $2.94 million collected within the same time frame. 
However, comparing the weekly charts for fee collection, it can be seen that Lido maintains its higher ranking, with $20.83 million generated over Jito’s $11.12 million. Meanwhile, other leading players on the list included Raydium in third place, followed by Solana and Ethereum when comparing the 24-hour fee generation model. 
It’s worth mentioning that Jito is an MEV-supported liquid staking protocol that offers SOL <a href="https://coingape.com/glossary/staking/" target="_blank" rel="noopener">staking</a> while providing income in JTO, the system’s native token. On the other hand, Lido is a liquid staking protocol for Ethereum and Polygon, with the native token LDO. 
Also Read: <a href="https://coingape.com/satoshi-era-bitcoin-holder-moves-entire-btc-holding-whats-happening/" target="_blank" rel="noopener">Satoshi-Era Bitcoin Holder Moves Entire BTC Holding, What’s Happening?</a> 
<h2 id="jto-and-ldo-market-performance">JTO and LDO Market Performance</h2> 
The JTO price illustrated a trading session both in red and green territories over the past day, gaining 0.58% at press time to reach $3.16. Its 24-hour bottoms and peaks were recorded as $3.02 and $3.33, respectively. 
<a href="https://coingape.com/price/lido-dao/" target="_blank" rel="noopener">LDO price</a> gained remarkably by 2.64% in the same duration to reach $1.64. Its 24-hour bottoms and highs were recorded as $1.56 and $1.66, respectively. 
Simultaneously, JTO’s futures OI saw a 1% dip to $58.06 million, aligning with the price’s volatile movement. However, even LDO saw a 1.75% dip in futures OI to $94.71 million. 
Nonetheless, Jito’s abovementioned achievement remains a matter of interest, as it could lead to increased attention toward the ecosystem and usage of the platform. This could in turn stage as a bullish aspect for the JTO <a href="https://coingape.com/glossary/token/" target="_blank" rel="noopener">token</a>, given that increased fee collection will eventually raise platform value, relatively impacting its coin. 
Also Read: <a href="https://coingape.com/ethereum-foundation-moves-entire-tko-holdings-to-bitcoin-suisse/" target="_blank" rel="noopener">Ethereum Foundation Moves Entire TKO Holdings To Bitcoin Suisse</a>&nbsp; 
The post <a href="https://coingape.com/jito-surpasses-lido-to-secure-1st-spot-as-leading-fees-generating-protocol/">Jito Surpasses Lido To Secure 1st Spot As Leading Fees Generating Protocol</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Jito Surpasses Lido To Secure 1st Spot As Leading Fees Generating Protocol

Table of Contents

Coingape News Media

Autres articles publiés le 29 juil. 2024

BlackRock Warns of Investment Scams: Urges Public To Stay Cautious

Whales Focus on Select Altcoins

New Memecoin Pepe Eats Solana (PEPEATS) Will Hit $10 Million Before Exchange Listing, While SHIB ...

NFTs face lowest monthly sales since November 2023

WazirX’s recovery plan sparks user outrage and legal action threats

XRP Breaking the 4-Year Downtrend: Is Altcoin Summer Finally Here?

Join our free newsletter for daily crypto updates!