The post Jito flips Ethereum, Uniswap, and Solana on a crucial metric appeared on BitcoinEthereumNews.com.

Jito, the biggest liquid staking project on Solana, is doing well as the total value locked (TVL) in its platform and its fees hit a record high.  According to data on its website, Jito (JTO) has a TVL of 14.6 million SOL, equivalent to $2.7 billion. This volume makes it the 14th biggest player in the decentralized finance industry and the third-largest liquid staking protocol after Lido and Binance Staked ETH. Jito is beating Solana, Ethereum, and Uniswap this year Jito has almost 150,000 users and has also flipped Solana (SOL), Ethereum (ETH), and Uniswap in fees made this year.  According to TokenTerminal, Jito has earned $63 million in fees this year, compared to Ethereum’s $55.1 million. Solana and Uniswap (UNI) have earned $51 million and $42.1 million, respectively. Jito’s performance makes it the third crypto project in terms of fees this year after Tether and Tron, which have made $137 million and $100 million. It has also become the most profitable player in the DeFi industry. Its fees are also higher than Lido Finance, the biggest liquid staking platform that has made $31 million this year. Blockchain networks by fees | Source: TokenTerminal It has also generated $729 million in fees in the last 12 months and $559 million in the last 180 days. Jito’s daily fees have bounced back after falling to $2.25 million in December from an all-time high of $14.1 million in November.  Jito daily fees | Source: Token Terminal Jito offers two main solutions Jito offers clients liquid staking and restaking. In liquid staking, users transfer their staked tokens to the network and convert them into JitoSOL, a liquid staking token or LST.  Unlike the traditional staking approach, the LST is a liquid token, making it possible for holders to trade and use it in…

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Filed under: News - @ January 12, 2025 2:21 pm