Jito Token Surges 39% as Solana Liquid Staking Competition Heats Up

Jito, a liquid staking protocol built on Solana (SOL), has seen its token JTO surge 39% in 24 hours to $0.578.

Daily trading volume reached $393.6 million against a market cap of $271.2 million, exceeding the 1.4x volume-to-market-cap ratio often associated with short-term momentum windows.

Jito allows users to stake SOL and receive JitoSOL in return, which accrues staking rewards while remaining usable across Solana's DeFi ecosystem.

The protocol also operates a block engine that extracts and redistributes MEV (maximal extractable value) to validators and stakers, setting it apart from simpler staking wrappers.