Bittime - Jito Protocol has reached a major milestone with total value locked (TVL) reaching 10 million SOL, equivalent to approximately $1.4 billion.
This extraordinary achievement strengthens Jito's position as a major player in the Solana ecosystem and signals its significant influence in driving network growth and stability.
What is Jito (JTO)?
Jito (JTO) is a governance token launched by the Jito Foundation. This token plays an important role in empowering Jito community members to actively participate in the decision-making process and influence the development direction of the Jito Network.
Check Today's Crypto Market:
Jito Takes Over the Market with $1.4 Billion on Solana TVL
Based on data from DeFiLlama, Jito dominates the Solana ecosystem with a contribution of 38% of the total value locked (TVL) which reaches around $3.7 billion.
This dominance shows Jito's crucial role in driving the growth and stability of the Solana network.
By locking up large amounts of native Solana tokens, Jito increases the security and efficiency of the blockchain. This also increases the credibility and attractiveness of Jito as a premier investment platform in Solana.
How to Buy Crypto:
Staking Marinade
Based on Jito's list, the Marinade staking protocol ranked second with total value locked (TVL) reaching $1.37 billion.
Other important protocols in the Solana ecosystem are Kamino, Raydium, and Marginfi, with TVLs of $1 billion, $612 million, and $424 million respectively.
These three protocols offer unique features and functions that enrich the Solana blockchain, attracting the interest of a wide range of users and developers.
Solana, High Performance Blockchain with Low Fees
Solana, a blockchain known for its high speed and low transaction fees, has become the platform of choice for many developers and investors in the crypto world.
This advantage is leveraged by protocols like Jito to deliver efficient and scalable solutions, thereby attracting more value and participation into the network.
Participants' high levels of trust in Jito demonstrate their confidence in Jito's potential to deliver sustainable returns and play an important role in the broader blockchain and financial ecosystem.
Check Crypto Prices Today:
How to Buy Crypto on Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn Complete Guide How to Buy Crypto on Bittime .
Monitor price chart movements of Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also read:
Sealana Coin: A Unique and Entertaining Meme Coin Sailing on Solana
Regarding Airdrop Scams in Crypto and How to Anticipate Them
What is Kamino? Increasing Liquidity and Market Efficiency on Solana
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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