Jito Secures 12M SOL Milestone as Solana Restaking Gains Momentum

Jito, Solana’s leading staking protocol by Total Value Locked (TVL), has surpassed a significant milestone, securing over 12 million SOL for the first time.

This achievement underscores Jito's rapid growth and its expanding influence within the broader cryptocurrency ecosystem.

Remarkable Growth in TVL

Jito has seen a remarkable 721% increase in TVL since August last year, growing from just 1.46 million SOL to over 12 million SOL today. This surge is driven by MEV (Maximal Extractable Value) staking rewards and the adoption of its Liquid Staking Token (LST).

According to DeFiLlama data, Jito has solidified its dominance in Solana’s liquid staking market, capturing nearly 49.5% of the market share, based on Dune Analytics data.

Collaborations with Industry Leaders

Jito’s success has been bolstered by collaborations with major industry players like Wintermute. In a significant move, Wintermute announced that it now accepts jitoSOL as collateral for OTC trading.

This allows liquidity providers to continue earning staking yields while using their assets as collateral, showcasing growing confidence in Solana’s liquid staking sector.

Innovations in Solana Restaking

Jito's impact extends beyond traditional staking. The protocol has introduced Solana's first Liquid Restaking Token (LRT), ezSOL, in collaboration with Renzo, an Ethereum restaking platform with over $1.2 billion in TVL.

Powered by Jito’s MEV-enhanced validators, ezSOL offers compounding rewards through staking, restaking, and Solana MEV. The launch of ezSOL marks a significant development in Solana’s restaking market, which has gained considerable attention in recent months.