Jito

JTO is the governance token of the Jito Network, a protocol built on the Solana blockchain that operates a liquid staking pool called JitoSOL and a suite of products centered on maximal extractable value, or MEV. Users who deposit SOL into the JitoSOL pool receive a token representing their staked position, allowing them to continue using their assets across Solana's decentralized finance ecosystem while earning staking yield. The protocol's stated purpose is to reduce the harmful side-effects of MEV on ordinary users, spread its profits more broadly, and bring greater transparency to how transaction ordering works on Solana.

When a user deposits SOL, they receive JitoSOL, a liquid receipt token whose value accrues from both standard Solana staking rewards and a share of MEV revenue collected through Jito's open-source validator client. That client runs an in-block auction system where traders bid for the right to place transactions in an order that captures available MEV, with winning bids flowing back to JitoSOL holders. JTO itself is a governance token, meaning holders can participate in decisions about how the Jito Network is run; it lives on the Solana blockchain and carries no direct claim on protocol cash flows beyond what governance may authorize.

Revenue enters the system through the MEV block auctions, where traders pay to capture arbitrage and other ordering-based profits, and through ordinary Solana staking rewards; both streams pass through to JitoSOL holders rather than accumulating to JTO holders directly. The data provided does not itemize a separate protocol fee rate or treasury take, so fee-based valuation metrics are not available on this page. What is recorded is that roughly 51.46 percent of the token supply is currently circulating on a point-in-time basis, while the fully diluted valuation is approximately 1.94 times the current market capitalization of 277,824,012 USD, reflecting supply not yet in circulation.