Solana

Marinade

Bitcoin

Jito

Billion

<h4><strong>The protocol now holds an impressive 10 million SOL, equivalent to approximately $1.4 billion. </strong></h4> 
<p>This cements its status as a dominant force within the Solana ecosystem. Let’s explore more about Jito.</p> 
<h5><strong>Jito Dominates with $1.4 Billion in Solana TVL</strong></h5> 
<p>According to data from <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener">DeFiLlama</a>, Jito accounts for 38% of the entire Solana ecosystem’s TVL, which stands at about $3.7 billion. This substantial share underscores Jito’s pivotal role in the growth and stability of the Solana network.&nbsp; By locking a significant amount of Solana’s native tokens, Jito enhances the blockchain’s security and efficiency. Also, it enhances its credibility and attractiveness as an investment hub.</p> 
<p><img decoding="async" class="wp-image-139773 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk-300x173.png" alt="" width="573" height="330" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk-300x173.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk-768x444.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk-727x420.png 727w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk-696x402.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hghgfjghk.png 793w" sizes="(max-width: 573px) 100vw, 573px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://defillama.com/protocol/jito#information" target="_blank" rel="noopener">DeFillama</a></strong></h6> 
<p>Following Jito in the rankings, the staking protocol Marinade holds the second position with a TVL of $1.37 billion. Other notable protocols include Kamino, Raydium, and Marginfi, with TVLs of $1 billion, $612 million, and $424 million respectively. Each of these protocols adds unique features and functionalities to the Solana blockchain, attracting different segments of users and developers.</p> 
<p><img decoding="async" class="wp-image-139774 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg-300x160.png" alt="" width="583" height="311" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg-300x160.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg-768x409.png 768w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg-789x420.png 789w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg-696x371.png 696w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/fgfdhfjg.png 982w" sizes="(max-width: 583px) 100vw, 583px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://defillama.com/chain/Solana" target="_blank" rel="noopener">DeFillama</a></strong></h6> 
<p>The <a href="https://www.altcoinbuzz.io/?s=solana" target="_blank" rel="noopener">Solana blockchain</a>, known for its high throughput and low transaction costs, has become a favored platform for many developers and investors in the crypto space. Protocols like Jito leverage these features to offer efficient and scalable solutions, which in turn attract more value and participation to the network.</p> 
<p>The trust placed in Jito by such a large number of participants reflects confidence in its potential to deliver consistent returns and play a key role in the broader blockchain and financial ecosystems.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/jito-leads-solana-with-1-4-billion-in-tvl/">Jito Leads Solana with $1.4 Billion in TVL</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Jito Leads Solana with $1.4 Billion in TVL

Altcoin Buzz

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