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

AI Agent Successfully Bypasses CAPTCHA Tests, Exposing Weaknesses

AI agent named Gary successfully bypassed CAPTCHA tests on over 50 Discord servers, revealing vulnerabilities in traditional verification methods.

user avatarAisha Farooq

Solo's Human Verification SDK Now Powers JellyJelly

Solo's human verification SDK is now integrated into JellyJelly, ensuring each account belongs to a real person without the need for government IDs.

user avatarTenzin Dorje

Payward Reports Recovery Signs Amid Annual Revenue Decline

Payward reports signs of recovery in Q3 despite annual revenue decline, with a 12% increase in platform margin attributed to improved trading activity and expanded client services.

user avatarElias Mukuru

Payward's Financial Services Expansion Mitigates Trading Revenue Losses

Payward has expanded its financial services operations to mitigate losses from declining trading revenue, now accounting for 52% of its total platform margin.

user avatarMohamed Farouk

Payward Experiences Revenue Decline Due to Weaker Crypto Trading

Payward, the parent company of Kraken, reported a 12% decline in total platform margin for Q3 2026, attributed to weaker market activity affecting transaction fees.

user avatarBayarjavkhlan Ganbaatar

Bitcoin ETFs See Major Withdrawals Amid Market Decline

Bitcoin ETFs experienced significant net withdrawals of approximately $477 million on November 13, indicating weakening institutional demand amid a declining market.

user avatarDiego Alvarez

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.