Rocket

Solana

Marinade

EigenLayer

Jito

Jito boasts around 38% of assets deposited on Solana’s blockchain, and is now the biggest protocol within the SOL ecosystem. 
Data from DefiLlama revealed that liquid staking and MEV provider Jito is Solana’s (<a href="https://crypto.news/price/solana/" target="_blank" rel="">SOL</a>) largest project, with around 10 million SOL in total value locked (TVL).&nbsp; 
Jito launched in December last year and <a href="https://crypto.news/jitos-165m-airdrop-rains-on-solana/" rel="">distributed</a> $165 million in free tokens with an airdrop. Users had to stake SOL for a period to qualify for the community incentive, which was backed by a $10 million series A funding round led by Multicoin Capital and Framework Ventures.&nbsp; 
Following the latest crypto market downswing, Jito’s TVL is worth over $1.4 billion, with SOL trading under $140 per <a href="https://coinmarketcap.com/currencies/solana/" target="_blank" rel="">CoinMarketCap</a>, but the blockchain still boasts the fourth-highest deposits from defi users.&nbsp; 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14269992"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/05/Screenshot-437-1024x753.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="753" src="https://crypto.news/app/uploads/2024/05/Screenshot-437-1024x753.png" alt="Solana ecosystem"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Top SOL protocols by TVL | Source: <a href="https://defillama.com/chain/Solana" target="_blank" rel="">DefiLlama</a>
 </figcaption>
</figure> 
Tailing Jito, staking protocol Marinade Finance ranked second on SOL’s network at a $1.3 TVL, signaling demand for yield-generating platforms on the layer 1 chain.&nbsp; 
However, the two Solana protocols are not among the top three services leading the $45 billion liquid staking landscape. Lido, Rocket Pool, and Binance have amassed the most participation, with $27.9 billion, $3.6 billion, and $2.6 billion, respectively.&nbsp; 
 You might also like: <a href="https://crypto.news/coingecko-ethereum-overtakes-solana-by-dex-trading-volume/" rel=""> CoinGecko: Ethereum overtakes Solana by DEX trading volume </a> 
<h2 class="wp-block-heading" id="solana-s-biggest-player-eyes-restaking-trend">Solana’s biggest player eyes restaking trend</h2> 
A report citing four individuals familiar with the matter said that Jito Labs, the entity behind Jito’s protocol, had plans to bring restaking facilities to Solana’s network.&nbsp; 
Restaking took off last year as services like <a href="https://crypto.news/eigenlayer-airdrop-draws-criticism-amidst-transferability-concerns-allocations/" target="_blank" rel="">EigenLayer</a> allowed users to secure multiple dapps and solutions with native cryptocurrencies, primarily Ether (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="">ETH</a>).&nbsp;If Jito succeeds, it will enter a $15.2 billion restaking market currently dominated by EigenLayer and likely foray into a liquid restaking scene with projects like <a href="https://crypto.news/ether-fi-outpaces-competitors-in-the-booming-liquid-staking-sector/" target="_blank" rel="">Ether.fi</a>.&nbsp; 
 Read more: <a href="https://crypto.news/ethereum-restaking-protocols-tvl-exceeds-8b/" rel=""> Ethereum restaking protocols’ TVL exceeds $8b </a>

Solana protocol Jito grabs $1.4b TVL

目录

crypto.news

发布于 2024年5月2日的其他文章

PayPal Forms Crypto Partnership with MoonPay

Solana (SOL) Inch Closer to $116 Support as Ethereum (ETH) Challenges $2,858, While Furrever Toke...

AI-Powered Raspberry Pi Stethoscope: A Game-Changer in Medical Diagnostics

Is XRP Going to Lead Crypto Market Reversal? Unexpected Reversal Says Yes

New era of the sports industry. Support young football players through tokens

Dogecoin Breaks Out Of Descending Triangle Like It Did In 2021, Analyst Sets $6 Target

订阅我们免费的电子期刊，获取每日最新加密领域动态！