Jito Labs recorded $78.92 million in monthly fees for October, doubling its previous record of $39.45 million set in May.

Key Points:

Jito SOL opened the first round of liquid staking, with a limit of $25M. Liquid staking may tap the value of SOL without the need to trade directly.

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

Jito, the biggest staking network on Solana, is performing well as assets in its ecosystem soar to a record high. Jito (JTO) token rose to the important resistance point at $2.50, its highest swing since Sep.

Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.

Several major token unlocks are set to take place in the coming months, which could potentially de-stabilizing the altcoin market. These unlocks will introduce large amounts of new supply, and as a result, investors are bracing for possible price crashes this month.

Korean markets expanded their listings, with Bithumb opening KRW pairs for JitoSOL (JTO) and EtherFi (ETHFI). Upbit listed a new KRW market for the BIGTIME token, belonging to the original RPG game Bigtime.

Liquid staking protocol Jito and restaking platform Fragmetric have launched a new liquid restaking token on Solana dubbed fragSOL.

With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer.

The crypto market has been trading mixed lately, but amidst the chaos, Solana has emerged as a standout performer. Over the last 18 months, Solana has consistently outpaced other blockchains, even surpassing Ethereum in several key metrics.

Jito joins Jupiter in leading Solana DeFi arena after surpassing 12M SOL in total locked value.

Renzo Protocol is expanding its liquid restaking expertise to the Jito ecosystem on Solana. According to an announcement on Aug. 14, Protocol revealed it was launching ezSOL, the first liquid restaking token on Solana (SOL).

TL;DR Renzo, an Ethereum-based liquid restaking protocol, will launch ezSOL, its first liquid restaking token on Solana, through a collaboration with the Jito Foundation. ezSOL will allow users to earn additional rewards using JitoSOL as the underlying asset, leveraging Jito's MEV-enhanced validator network.

Renzo has partnered with the Jito Foundation to enter the Solana liquid restaking space. It is set to launch ezSOL on Jito.

Solana has experienced a significant increase in on-chain activity and daily active addresses, driven by popular dapps like Raydium, Pump.Fun, and Jito.

Dapps like Raydium, Pump.Fun and Jito have been the top fee generators on the Solana blockchain, data shows.

The decentralized liquid staking platform Jito (JTO) has recently marked a monumental stride by securing the first spot among leading fee-generating protocols across all blockchains. Notably, the Solana-backed platform overtook Lido (LDO) in 24-hour fee generation volume, garnering noteworthy attention among market participants.

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox.

Solana's biggest liquid staking project is taking the plunge into restaking.

On July 25, the Jito Foundation made a splash with a major update that could transform staking and restaking on Solana.

Jito's open-source release could boost Solana's economic security and flexibility, potentially revitalizing interest in the struggling restaking sector. The post Jito releases open-source code for restaking on Solana appeared first on Crypto Briefing.

Solana meme coin Jito (JTO) has recorded significant upticks with its price soaring 9% after the platform announced the code for its restaking program. The platform noted that it will be a next-hybrid generation staking and restaking module.

Developers are one step closer to activating restaking on Solana with the Jito Foundation's latest code release.

TL;DR The code for Jito Restaking has been released on the Solana blockchain, a platform that integrates staking, restaking, and a liquid restaking token (LRT) module.

The yet-to-implemented codebase allows any Solana-based protocol to use any asset for its economic security.

This innovative approach allows you to earn $JitoSOL tokens. Your $SOL remains staked, potentially increasing in value over time.

Gamers have seen how VR has revolutionized gaming and is now touching every sector. In this situation, 5thScape has set an example by developing VR games and educational resources, where its native crypto is the currency used for exchange on its platform.

This collaboration offers SOL holders a more rewarding staking experience, combining earning rewards with maintaining liquidity. It also contributes to the security and strength of the Solana network.

As the cryptocurrency market stabilizes following a recent downturn, opportunities for strategic investments are emerging, particularly in assets that have recently entered oversold territories.

Howdy!

Jito amassed considerable daily fees, eclipsing the majority of DeFi protocols by a significant margin.

The DAO governing Jito, the Solana-based liquid staking service, will consider a proposal to spend 7.5 million of its native JTO token on liquidity mining. That's equivalent to roughly $29 million at current prices, and it's 3.1% of the 240 million JTO held in the DAO's treasury.

Coinbase International, the global futures trading platform of the largest U.S. cryptocurrency exchange, has announced plans to list three new altcoins in perpetual futures contracts. Jupiter (JUP), Tensor (TNSR), and Jito (JTO) perpetual futures will become available for trading on Coinbase International Exchange and Coinbase Advanced starting on or after 09:30 UTC on May 16,

The protocol now holds an impressive 10 million SOL, equivalent to approximately $1.4 billion. This cements its status as a dominant force within the Solana ecosystem.

Jito Network became the top DeFi protocol on Solana, with liquid staking pool token JitoSOL rising by 8.5%.

Jito becomes the largest protocol on Solana, ahead of Marinade and Kamino.

Jito boasts around 38% of assets deposited on Solana's blockchain, and is now the biggest protocol within the SOL ecosystem.

Jito now has 10 million SOL ($1.4 billion) in total value locked — accounting for some 38% of Solana's overall TVL.

Jito, a liquid staking pool on the Solana blockchain, has recently announced a significant milestone. Its total value locked (TVL) has exceeded 10 million Solana (SOL).

Restaking has taken hold of the Ethereum ecosystem. With Jito and a handful of other companies building for Solana, can the trend spread?

Binance, a leading crypto exchange, once again grabs attention in the crypto sphere with its latest move. The platform's announcement of adding new crypto projects as loanable assets on Binance Loans has stirred discussions among traders and investors.

DEXes operating on the Solana network saw significant milestones in recent days.

Jupiter, aiming at enhancing user protection against Miner Extractable Value (MEV) attacks, has introduced a new feature in its swap function called Jito Bundles Tipping. This unique service was created to protect the users from possible losses caused by such attacks that are more and more common in decentralized finance (DeFi).

JTO, the native cryptocurrency of the Jito Network, has once again joined a mega uptrend. The Jito (JTO) price has surged by a staggering 10% in the last 24 hours currently reaching all the way to $3.88 with its market cap surpassing $450 million.

With the rising hype among investors to find Low-cap gems, tokens that have massive potential and strong fundamentals but relatively have low market capitalization. Investors hunt such tokens to maximize their profits in the crypto industry.

Kamino Finance, DeFi platform on Solana, is paying crazy returns to liquidity providers of the W (Wormhole) token.