Solana Liquid Staking Heats Up as Jito Surges 39%
Jito (JTO) has surged 39% in 24 hours to reach $0.578, driven by growing demand for liquid staking on Solana.
The surge has pushed JTO's daily trading volume to $393.6 million, a level that exceeds its market cap of $271.2 million.
Jito is a liquid staking protocol built on Solana (SOL), allowing users to stake SOL and receive JitoSOL in return.
The token's value has been boosted by its MEV distribution model, which generates additional yield on top of base staking rewards.