Jito

JTO is the governance token of the Jito Network, a protocol built on Solana that operates a liquid staking pool called JitoSOL and a suite of products related to maximal extractable value, or MEV. It is designed for Solana users who want to stake SOL without giving up the ability to use their assets in decentralized finance, while also capturing a share of the revenue that arises from the ordering of transactions within Solana blocks. The Jito Foundation exists to make MEV extraction more transparent and competitive rather than opaque and concentrated.

When a user deposits SOL into the JitoSOL pool, they receive a liquid token representing their staked position, which continues earning normal staking yield plus an additional share of MEV-related transaction revenue collected through block-level auctions run by Jito's open-source validator client. Traders competing to capture MEV submit bids for priority placement within a block, and the proceeds from those auctions flow back to JitoSOL holders. JTO itself gives holders the right to participate in governance decisions about the Jito Network and lives on the Solana blockchain.

Fee revenue originates from the MEV auctions embedded in each Solana block processed by validators running Jito's client, where traders pay to secure advantageous transaction ordering. Those auction proceeds are distributed to JitoSOL holders, making stakers the primary recipients rather than the protocol treasury in the first instance. Roughly 53.31 percent of JTO's circulating supply is currently issued, while the dilution overhang stands at 87.60 percent point-in-time, meaning a substantial volume of tokens relative to today's circulating supply remains to be released, which will affect how economic benefits are distributed across holders over time. No maximum supply figure is recorded in the data.