Jito
Jito (JTO) Metrics
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Jito (JTO)
What is Jito?
Jito (JTO) is a cryptocurrency that serves as a token within the Jito blockchain project. Designed to enhance transaction efficiency and reduce latency, Jito aims to optimize the performance of decentralized applications and smart contracts. The Jito token is primarily used for governance and incentivizing validators, ensuring a robust ecosystem for users and developers alike. By operating on its own blockchain, Jito facilitates seamless interactions and scalability within the decentralized finance (DeFi) landscape.
When and how did Jito start?
Jito (JTO) was launched in 2022, created by a team focused on enhancing transaction efficiency within the Solana blockchain ecosystem. The project aims to optimize the way transactions are processed, reducing latency and improving overall performance. Jito gained attention after its initial listing on major exchanges, which helped to establish its presence in the competitive crypto market. The development team has been actively involved in the Solana community, contributing to various initiatives aimed at enhancing blockchain scalability and usability. As Jito continues to evolve, it remains committed to addressing the challenges of transaction speed and reliability.
What’s coming up for Jito?
Jito (JTO) is poised for significant advancements as it moves forward with its roadmap, highlighting the upcoming launch of its enhanced transaction optimization features. These updates aim to improve network efficiency and reduce latency, catering to the growing demands of its user base. Additionally, the Jito community is actively planning initiatives to foster engagement and collaboration, ensuring that user feedback continues to shape future developments. As Jito evolves, it seeks to solidify its position in the decentralized finance (DeFi) space, with a focus on expanding its use cases and partnerships. Stay tuned for more updates as Jito strives to meet its community goals and enhance its platform.
What makes Jito stand out?
Jito (JTO) is unique compared to other cryptocurrencies due to its standout technology that enhances transaction efficiency on the Solana blockchain through optimized block production. Its special feature includes a real-world use case focused on improving decentralized finance (DeFi) applications by reducing latency and increasing throughput, making it a compelling choice for developers and users seeking faster and more reliable transactions.
What can you do with Jito?
Jito (JTO) is primarily used as a utility token within the Jito ecosystem, enabling users to make payments for transaction fees and services. It can also be staked to earn rewards, participate in governance decisions, and access various DeFi apps and NFT platforms within the network. This multifunctional approach enhances user engagement and promotes the growth of the Jito community.
Is Jito still active or relevant?
Jito (JTO) is currently active, with trading activity still observed on various exchanges. Development is ongoing, as evidenced by recent updates from the team, and the community remains engaged and supportive. Overall, Jito is not considered an inactive project or abandoned.
Who is Jito designed for?
Jito (JTO) is primarily built for developers and DeFi users, aiming to enhance the efficiency of Solana's blockchain infrastructure. Its target audience includes those seeking to optimize transaction processing and reduce latency, making it an ideal solution for projects and applications within the decentralized finance ecosystem. The platform fosters a community of innovators focused on improving user experience and scalability in blockchain technology.
How is Jito secured?
Jito (JTO) secures its network through a unique consensus mechanism known as Proof of Stake (PoS), where validators are responsible for confirming transactions and maintaining blockchain protection. This model enhances network security by incentivizing validators to act honestly, as they have a stake in the system, thus promoting integrity and efficiency within the blockchain.
Has Jito faced any controversy or risks?
Jito (JTO) has faced challenges related to extreme volatility, which poses significant risks for investors in the rapidly changing crypto market. Additionally, there are ongoing concerns about potential security incidents, including hacks that could compromise user funds. While there have been no widely reported legal issues or rug pulls associated with Jito, the inherent risks of the cryptocurrency space remain a critical consideration for participants.
Jito (JTO) FAQ – Key Metrics & Market Insights
Where can I buy Jito (JTO)?
Jito (JTO) is widely available on centralized cryptocurrency exchanges. The most active platform is Binance Futures, where the JTO/USDT trading pair recorded a 24-hour volume of over $13,190,278.00. Other exchanges include Binance and BitMart.
What’s the current daily trading volume of Jito?
As of the last 24 hours, Jito's trading volume stands at $12,039,457.00 , showing a 40.06% decline compared to the previous day. This suggests a short-term reduction in trading activity.
What’s Jito’s price range history?
All-Time High (ATH): $5.29
All-Time Low (ATL): $0.556731
Jito is currently trading ~82.27% below its ATH
and has appreciated +112% from its ATL.
What’s Jito’s current market capitalization?
Jito’s market cap is approximately $280,339,900.00, ranking it #221 globally by market size. This figure is calculated based on its circulating supply of 298 945 203 JTO tokens.
How is Jito performing compared to the broader crypto market?
Over the past 7 days, Jito has declined by 17.48%, underperforming the overall crypto market which posted a 0.75% gain. This indicates a temporary lag in JTO's price action relative to the broader market momentum.
Trends Market Overview
#2750
152.18%
#1889
148.48%
#283
71.22%
#1023
42.53%
#1575
40.66%
#538
-49.37%
#2524
-45.08%
#2986
-29.39%
#1717
-24.88%
#907
-22.32%
#1
0.29%
#7021
no data
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Jito Basics
API ID | jto-jito |
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Other coins worth interest - similar to Jito
| # | Name | MarketCap | Price | Volume (24h) | Circulating Supply | 7d chart | ||
|---|---|---|---|---|---|---|---|---|
| 7 |  | USDC USDC | $75,944,602,551.00 | $1.001024 | $10,288,253,582.00 | 75,866,942,293 |  +0.08% | |
| 13 |  | WETH WETH | $14,578,888,609.00 | $3,871.29 | $643,433,350.00 | 3,765,896 |  -2.10% | |
| 14 |  | Wrapped Bitcoin WBTC | $14,443,202,522.00 | $110,104.00 | $186,013,404.00 | 131,178 |  -1.51% | |
| 18 |  | Chainlink LINK | $10,728,058,541.00 | $17.11 | $465,622,198.00 | 626,849,970 |  -4.69% | |
| 26 |  | Usds USDS | $7,897,253,204.00 | $1.001078 | $41,458,388.00 | 7,888,752,944 |  +0.12% |
Jito Liquidity
| JTO Price | $0.937764 3.34% |
|---|---|
| 24h Volume | $12,039,457.00 -40.06% |
What is Market depth?
Market depth is a metric, which is showing the real liquidity of the markets. Due to rampant wash-trading and fake activity - volume currently isn't the most reliable indicator in the crypto space.
What is it measuring?
It's measuring 1% or 10% section of the order book from the midpoint price (1%/10% of the buy orders, and 1%/10% of the sell orders).
Why it is important to use only 1% or 10%?
It's important, because measurement of the whole order book is going to give false results due to extreme values, which can make false illusion of liquidity for a given market.
What is showing Historical Market Depth?
Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.