Jito (JTO) Price

Name: Jito
Brand: Cryptocurrency
SKU: JTO
Price: 2.92 USD
Availability: InStock
Rating: 4,3 (6 reviews)

JTO

Jito

4,3

★

$2.92

2.89%

Today's Current Price in US Dollar

Market cap

382,095,990.0

Total volume

129,563,388

Circulating supply

131,069,577

Total supply

1,000,000,000

Buy / Long

Sell / Short

JTO serves as the pivotal governance asset within the Jito Network infrastructure. At the heart of the Solana ecosystem, the Jito Network amplifies its influence through the JitoSOL liquid staking pool along with a suite of MEV (Maximum Extractable Value) focused products. Participants can trade their SOL for JitoSOL, which not only preserves the liquidity and DeFi engagement potential of SOL but also affords them a stake-generated income. A distinctive aspect of holding JitoSOL is the additional financial gains derived from the transaction fees generated by MEV extraction activities on Solana.
MEV represents the income prospects that emerge from arranging transactions in a certain sequence. Take, for instance, an extensive exchange on the Orca platform causing a dip in its pool's rate as compared to Raydium or Serum. This creates a fertile ground for traders to exploit the price discrepancy, a process tagged as MEV. The Jito Foundation takes charge by aiming to mitigate MEV's adverse effects, ensuring a fair distribution of its profits, and bolstering transparency.
In a groundbreaking move, Jito introduced an open-source validator client poised to stir competitive dynamics in MEV extraction. This innovation facilitates auctions embedded within each block, presenting an avenue for the capture of the block's MEV. Here, traders propose their bids, with the block's top bidders winning the chance to glean the MEV, marking a strategic evolution in the trading ecosystem.

Homepage: https://www.jito.network/ | https://www.jito.network/blog/announcing-jto-the-jito-governance-token/
Twitter: jito_sol