Jito
| Jito | |
|---|---|
| Token | |
| Ticker | $JTO |
| Contract | jtoj…9mCL |
| Chain | Solana |
| Launched | 2023-12-07 |
| Status | Active |
| Website | jito.network |
| Also known as | JTO Jito Labs Jito Foundation JitoSOL Jito bundles Jito tips Jito block engine |
| Market | |
| Price | — |
| Market cap | — |
| Liquidity | — |
| Volume (24h) | — |
| Change (1h) | — |
| Change (24h) | — |
| Links | |
| DEX Screener · Birdeye · GMGN · Solscan | |
Jito is a Solana infrastructure project for maximal extractable value (MEV) whose block engine accepts transaction bundles with SOL tips, and JTO is the governance token of the Jito Foundation, airdropped on 7 December 2023.[1][2] Its bundles are the usual way Solana traders and bots land snipes and bundled launch buys.[3]
Lore[edit]
Bundles and tips
A Jito bundle is a list of up to five transactions that execute in order, all-or-nothing, within one slot; it must carry a tip of at least 1,000 lamports paid to one of eight tip accounts, and higher tips win under demand.[3] Tipped bundles are processed privately through Jito validators, which also shields trades from sandwich bots; users paid over $9.3 million in tips in one week to early May 2024, and Jito is built into Jupiter's app and major wallets.[4] In November 2023 the Jito Foundation said validators running its MEV client held over 40% of Solana's stake.[1] On 17 November 2024, amid the memecoin rally, Jito had its third-highest fee day at $9.87 million.[5]
Token
JTO has a supply of 1 billion, 115 million circulating at launch; 10% went to the community airdrop for JitoSOL holders, MEV-client validators and searchers, with a minimum of 4,941 JTO each and 18 months to claim.[1][2] JTO opened near $1.20 on Solana DEXs and rose toward $2.[2] Jito Labs had raised a $10 million Series A in 2022; in October 2025 a16z crypto invested $50 million in the Jito Foundation through a private token sale.[1][6]
Timeline[edit]
- 2023-11-27: Jito announces the JTO governance token[1]
- 2023-12-07: JTO airdrop claims and trading open[2]
- 2024-03-08: Jito suspends its public mempool[7]
- 2024-11-13: block engine outage raises Solana priority fees[8]
- 2024-11-17: $9.87 million in daily fees[5]
- 2025-10-16: a16z crypto invests $50 million[6]
Key wallets[edit]
- Token mint: jtoj…9mCL
- Tip accounts: eight addresses, listed by the block engine's getTipAccounts method[3]
Controversies[edit]
Jito ran the only mempool on Solana, inside its block engine, and on 8 March 2024 shut it down after sandwich attacks on retail traders spread, saying its attempts to reject sandwich bundles had become a cat-and-mouse game with searchers.[7] On 13 November 2024 a block engine outage stopped bundle delivery for a period variously given as 10 minutes to an hour, and priority fees rose about 25 to 30 times; Jito said Solana itself was not affected.[8]
See also[edit]
References[edit]
- ^ Solana MEV developer Jito launching governance token, The Block, 2023-11-27
- ^ Even Small-Time Jito Airdroppers Are Getting Thousands of Dollars in JTO Tokens, CoinDesk, 2023-12-07
- ^ Low Latency Transaction Send, Jito Labs, n.d.
- ^ Solana users are paying millions to stop bots attacking their trades, DL News, 2024-05-08
- ^ Solana-based DApps rake in record fees as memecoin frenzy returns, Cointelegraph, 2024-11-18
- ^ Andreessen Horowitz's a16z Invests $50M in Solana Staking Protocol Jito, CoinDesk, 2025-10-16
- ^ Solana Client Developer Jito Ends 'Mempool' Function, CoinDesk, 2024-03-08
- ^ Solana-based MEV protocol Jito experiences downtime, temporarily driving transaction fees up, The Block, 2024-11-13