The token Jito (JTO), linked to liquid staking and MEV on Solana, shows significant growth despite a lack of news from the team.
Jito (JTO) Growth and Metrics
Over the last 24 hours, Jito (JTO) has risen by more than 14%, reaching $2.29 on Monday. During this period, the trading volume of the token surged over 528% to $188 million, pushing its market cap to $775.56 million.
Connection to Solana and its Infrastructure
The prices of Jito decrease volatility, but their increase may be connected to the rise in Solana's main token, which also increased by 8%. This shows the trend that protocols associated with the Solana ecosystem often follow changes in the price of the main token.
Market Outlook and Impact
Jito Network is one of the leading liquid staking protocols on Solana. The JTO token generates additional revenue through MEV, making it a crucial part of the network's infrastructure. The prospects for further growth depend on the behavior of Solana in the market.
The rally of Jito (JTO) emphasizes the importance of synergy between the token and Solana's ecosystem, increasing interest in protocols related to liquid staking.
