Jito (JTO), a liquid staking and MEV token on Solana, jumped more than 14% in the last 24 hours, reaching $2.29 on Monday afternoon, despite no updates, announcements, or posts from the team.
However, with Solana itself up 8% on the day, the market may simply be rotating back into ecosystem plays.
JTO’s 24-hour trading volume jumped more than 526% to $188 million, pushing its market cap to $775.56 million. The token is now up 24.6% weekly and 22.9% over the past month.
There’s been no apparent news out of Jito Network to trigger the move, but the price action tracks closely with Solana’s broader rally. As SOL gains ground, protocols closely tied to its infrastructure, like Jito, tend to ride that wave.
Jito Network powers one of the top liquid staking platforms on Solana. When users stake their SOL through Jito, they get JitoSOL in return, a token that stays liquid and can still be used in DeFi.
What makes it different from regular staking is the extra rewards it pulls in from MEV on Solana, which is revenue made by reordering transactions more efficiently on the network.
That combination of liquid staking and MEV yield has made Jito a core protocol within the Solana ecosystem. The project remains one of the largest contributors to validator infrastructure on the chain.
Whether this rally continues will likely depend on how Solana performs from here. But with volume spiking and ecosystem sentiment warming up, JTO is back on the radar, even without saying a word.
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