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

3 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Richard Heart Detained in Istanbul Linked to Finnish Tax Investigation

Richard Heart, founder of HEX and PulseChain, has been detained by Turkish authorities in connection with a Finnish tax investigation.

user avatarJacob Williams

TD Cowen Increases Strive's Share Price Target Amid Bitcoin Holdings Surge

TD Cowen analysts raised Strive's share price target from 44 to 56 due to significant expansion of Bitcoin holdings to 35,595 BTC, noted in a research update on October 16.

user avatarZainab Kamara

Tether Invests in AI Infrastructure Startup AIsa

Tether has invested in AI infrastructure startup AIsa, contributing to its total funding of over $9 million to support autonomous AI applications.

user avatarSon Min-ho

Taiwan Restricts Access to Coinbase and Kalshi Ahead of Elections

Taiwanese authorities have restricted access to Coinbase and Kalshi websites due to concerns over election betting.

user avatarTando Nkube

Strategy Proposes Daily Dividends for STRC Preferred Stock

Strategy has conditionally declared daily dividends for its STRC preferred stock for November 2026, pending shareholder approval.

user avatarKofi Adjeman

Ripple Prime Expands Institutional Trading with New Derivatives Access

Ripple Prime introduces access to perpetual derivatives referencing traditional assets for eligible institutional clients.

user avatarNguyen Van Long

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.