Would you like to watch an ad in exchange for our valuable content?
You've watched the ad! You may now view the page content.
Ad is playing...
Jito JTO
JTO
1.990
$
2.50 %
Change 24h
Market Cap
$ 253,022,222
Volume 24h
$ 60,739,883
Circulating Supply
127,292,742
Total Supply
1,000,000,000
Website
Explorers
Social
JTO
$
1D
7D
1M
3M
6M
1Y
All
# | Exchange | Pair | Price | Volume 24h |
---|
Description
JTO is the governance token of the Jito Network. Jito Network is a major contributor to the Solana ecosystem through its JitoSOL liquid staking pool, and its collection of MEV products. Users can exchange their SOL for JitoSOL. In return, holders maintain SOL’s liquidity and DeFi opportunities while earning yield from staking. JitoSOL uniquely provides its holders with additional rewards from transaction revenue associated with MEV extraction on Solana. Maximum extractable value (MEV) describes profit opportunities attributable to the specific order of transaction execution. For example, a large swap on Orca can lower the pool’s price below that of Raydium or Serum. Traders will race to profit from that price difference and this arbitrage is considered MEV. The Jito Foundation was created to minimize the negative impacts of MEV, equitably distribute the profits and increase transparency. Jito published an open source validator client designed to create a competitive market for MEV extraction. The client enables auctions within each block for the opportunity to capture that block’s MEV. Traders submit bids, and the highest bidders within each block can harvest available MEV.