JTO (Jito) fell 2.60% in the last 24 hours.

Gate News Bot news, July 7, according to CoinMarketCap data, as of the time of publication, JTO (Jito) is currently priced at $1.92, down 2.60% in the last 24 hours, with a high of $2.47 and a low of $1.92. The 24-hour volume reached $5.26 million. The current market capitalization is approximately $662 million, a decrease of about $17.68 million compared to yesterday.

Jito is a non-custodial liquid staking pool based on Solana. The Jito network powers the Solana ecosystem through MEV-optimized infrastructure and deep DeFi integration, providing unparalleled staking efficiency and liquidity. The Jito-Solana validator client runs 96% of the network's staking weight, allowing validators and their stakers to earn additional MEV rewards. Users can deposit SOL into the JitoSOL liquid staking pool and delegate to Jito-Solana validators to earn staking and MEV rewards.

Important news about JTO recently:

1️⃣ Jito launches TipRouter upgrade to optimize Solana's priority fee allocation mechanism The Jito Foundation announced the implementation of the TipRouter upgrade on July 3rd. This significant technical improvement allows the direct allocation of Solana priority fees to stakers. Priority fees account for 35%-40% of the total economic value of Solana, which was previously entirely monopolized by validators. The introduction of this new mechanism will enable stakers to share this important revenue source, which is expected to enhance the attractiveness of the Jito platform.

2️⃣ Staker yield potential increases, which may promote JTO ecosystem development After the TipRouter upgrade, stakers can choose based on the priority fee allocation ratios of different validators, thereby optimizing their own yields. This change not only enhances the participation enthusiasm of stakers but also introduces a new dimension of competition to the Jito ecosystem, which is expected to promote the overall improvement of validator service quality and further consolidate Jito's position in the Solana ecosystem.

3️⃣ Optimization of the Solana network economic model may affect JTO market performance The change in the priority fee allocation mechanism is essentially an important adjustment to the economic model of the Solana network. This change may affect various participants in the Solana ecosystem, including validators, stakers, and related projects. As an important liquidity staking protocol within the Solana ecosystem, this initiative by Jito may have a profound impact on the market performance of JTO.

From a technical perspective, JTO is currently showing a falling trend, possibly influenced by the market's wait-and-see attitude towards the implementation effects of the new mechanism. However, from a long-term fundamental analysis, the TipRouter upgrade is expected to enhance Jito's competitive advantage, improving the platform's user appeal and economic benefits.

This message is not intended as investment advice; investors should be aware of market volatility risks.