• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
On the first day after launch, the trading volume of the JITO token exceeded $1 billion

On the first day after launch, the trading volume of the JITO token exceeded $1 billion

user avatar

by Max Nevskyi

2 years ago

At launch, the development team distributed 80 million tokens among the community, early adopters, validators, and other protocol participants. Currently, 115 million tokens are in circulation, with a total cap of 1 billion. The initial price was set at $2, then the JITO token price rose by 45% to $2.9 in one day. Later, the price increased by another 15%, reaching $3.35.

A minimum of 4,941 JITO was distributed among 9,800 users who interacted with the protocol early on and staked their SOL coins. Thus, each user received at least $16,500 at the current rate.

The Jito protocol allows the use of SOL coins for staking and obtaining derivative tokens JitoSOL. Currently, about 6.4 million SOL coins, equivalent to $460 million, are locked in the protocol. The protocol developers - Jito Labs - are also responsible for creating one of the most popular clients for validators of the Solana network.

The Solana network continues to develop rapidly, and Arthur Hayes, the former CEO of the BitMEX exchange, predicts further growth in the coin's price to at least $100.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Implementing Zero Trust Architecture in Financial Institutions

chest

Financial institutions are urged to adopt Zero Trust Architecture (ZTA) to enhance security and mitigate risks associated with unauthorized access and credential theft.

user avatarGustavo Mendoza

The Role of AI in Enhancing Fraud Detection

chest

Financial institutions are increasingly turning to Artificial Intelligence (AI) to enhance their fraud detection capabilities, achieving up to 90% accuracy in identifying fraudulent activities.

user avatarMaria Fernandez

HashKey Aims for Hong Kong's First Fully Cryptonative IPO

chest

HashKey has filed for an initial public offering (IPO) that could make it Hong Kong's first fully cryptonative exchange under the new virtual asset regulatory regime.

user avatarRajesh Kumar

Ethereum Active Addresses Decline Indicates Market Caution

chest

A significant drop in Ethereum's Active Addresses metric indicates a decrease in network participation, correlating with a bearish price trend.

user avatarMiguel Rodriguez

Analysts Predict a 500% Surge for HYPER After Wedge Breakout

chest

HYPER coin has shown a wedge breakout pattern, indicating a potential price surge of over 500%.

user avatarArif Mukhtar

Mantle MNT Price Hits a Decision Zone: Breakout Now or One More Dip Ahead

chest

The Mantle MNT price is currently at a critical resistance zone, indicating potential for a significant price movement.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.