Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Jito token recorded a trading volume of $1.1 billion on the first day.
ADOPTION NEWS

Jito token recorded a trading volume of $1.1 billion on the first day.

By Crypto FlexsDecember 9, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Jito token recorded a trading volume of .1 billion on the first day.
Share
Facebook Twitter LinkedIn Pinterest Email

Posted 1 minute ago In ~

Solana-based liquid staking protocol Jito’s governance token surpassed $1.1 billion in trading volume within one day of launch.

Yesterday, the project launched the Jito token, distributing it to community members and enabling decentralized governance.

According to The Block’s pricing page, shortly after launch the token began trading around $2 and has since risen in value by nearly 45%. The token is currently trading at $2.9, which translates to a fully diluted market capitalization of $2.9 billion.

The total supply of Jito tokens is limited to 1 billion, with 115 million currently in circulation.

Of these, 80 million were allocated in a community airdrop to benefit early users, as well as separate allocations for validators and other protocol contributors.

Approximately 9,800 users who interacted with the protocol and staked SOL received at least 4,941 JTO, equivalent to nearly $14,000 at the time of reporting.

Jito allows users to deposit SOL, Solana’s native cryptocurrency, in exchange for the derived JitoSOL, which acts as a receipt token for participants in the staking process.

More than 6.4 million SOLs are locked, equivalent to approximately $460 million. Jito Labs, the core developer of Jito, also operates the primary client software for the Solana blockchain.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025

The encryption price was set to higher movement after the trade proceeded in trade.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025

Portfolio construction for Q3: The reason for combining chainlink (link) and pol (EX-MATIC) can be a victory strategy.

June 13, 2025

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

June 12, 2025

​Bitpanda Opens The Gate To Web3 With Vision (VSN)

June 12, 2025

New USDT/USDC Stablecoin Mining Platform Launches — Secure, Flexible, And High-Yield DeFi Opportunity

June 12, 2025

SEC Approves Ethereum ETF, Will XRP And DOGE Be The Next Tipping Point? Is Cloud Computing The Next Investment Holy Grail?

June 12, 2025

Bank of America’s eyes among the Senate’s fast tracking genius acts

June 12, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

Ether surpasses Bitcoin in May. ETH derivatives volume surpasses BTC in OKX.

June 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025
Most Popular

Ethereum faces market volatility as Celsius offloads $1 billion from ETH

January 27, 2024

Mangofarm Scandal: Solana’s blockchain is accused of a Ponzi scheme.

January 7, 2024

Quality Or Equality?

December 31, 2023
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.