CandleFocus

Jito token rises as staked assets, fees, and users jump

Author: Content Editor
Jito, the largest staking network on Solana, is experiencing significant growth as the amount of assets staked on the platform reaches a record high of $2.3 billion. The Jito token has also seen a surge in value, reaching its highest swing since September. The network's customer base has grown to 116,000, and monthly fees have increased to $50 million. Jito has become one of the most profitable players in the blockchain industry, generating $295 million in fees this year. Solana, the blockchain platform that Jito operates on, has surpassed Ethereum in terms of cryptocurrency trading volume this month. Solana's meme coins have achieved a market cap of $12 billion. Jito is viewed as a better alternative to traditional staking because users can withdraw their funds at any time. The token is expected to continue rising, with a target price of $3.3345.

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