Jito Token Jumps 39% Amid Solana Liquid Staking Frenzy

Jito's JTO token surged 39% in just 24 hours to $0.578, according to recent data.

The price jump comes as competition heats up in Solana's liquid staking market, with total value locked reaching $5 billion earlier this year.

Jito holds the largest share of that market, thanks to its early mover advantage and unique MEV distribution model. This model generates additional yield on top of base staking rewards, which currently sit near 7% annually.