Jito (JITO) Soars as it Leads Solana DeFi Protocols with $1 Billion in Locked Assets

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The Jito Network has emerged as the top decentralized finance (DeFi) protocol on the Solana network, with a total volume locked (TVL) of $1.04 billion.
Following this development, the JitoSOL token saw an intraday increase of 8.5%, from 142.52 to $154.64.
Jito Network’s success is attributed to JitoSOL becoming the preferred collateral source among Solana DeFi users, with 40% of the supply currently locked in DeFi.

The Jito Network, a DeFi protocol on the Solana network, has seen a remarkable rise to the top, with its total volume locked (TVL) reaching $1.04 billion. This development has led to a significant increase in the value of the JitoSOL token.

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