Jito Surges 39% Amid Solana Liquid Staking Competition Heats Up
Jito (JTO) has seen a significant surge in price, climbing roughly 39% in 24 hours to $0.578.
The daily trading volume reached $393.6 million against a market cap of $271.2 million, with the volume-to-market-cap ratio exceeding 1.4x, a level rarely sustained beyond short momentum windows.
Jito is a liquid staking protocol built on Solana (SOL), allowing users to stake SOL and receive JitoSOL in return, which accrues staking rewards while remaining usable across Solana's DeFi ecosystem.