Jito [JTO], a Solana liquid staking and re-staking protocol, surged more than 30% in a day after a strong quarterly report.
In general, the Solana ecosystem was rising in tandem with Jupiter [JUP], also posting nearly similar gains. Here are more details of the quarterly numbers:
Jito’s quarterly report fuels a rally
As per data from the network’s site, the cumulative Jito-enabled staked tokens rose to 418 million SOL. However, the total number of SOL tokens staked on the Jito Network rose to around 119 million, indicating protocol growth.
Additionally, the number of validators rose by 56%. In total, Jito-Enabled Validator Share hit 97.58%, which was equivalent to 356 validators.
Furthermore, Jito’s tokenomics were improving with supply squeezing. About 9.7 million JTO tokens were burned in the first quarter of the year. The current circulating supply sits at 473.83 million JTO.
In addition to the strength of the Solana ecosystem, the narrative around Perps DEXs is rapidly gaining traction. In fact, JTO’s daily trading volume exploded by 605%, reaching $168 million.
The average monthly CEX perp volume dropped from a high of $7.11 trillion in 2025 to $4.69 trillion this year. On the other hand, perps volume on DEXs was trading around the all-time highs of about $500 billion. These figures showed the rising intent to trade on DEXs.
This is because they have become the place to speculate on pre-IPO stocks, private markets, and real-world narratives before traditional finance even opens access.
For instance, SpaceX pre-IPO perps were trading on DEXs like Lighter [LIT], Avantis [AVNT], and Hyperliquid [HYPE], among others.
For Jito, the cumulative perps volume reached $15 trillion while DEX volume trailed at $12 trillion. However, the Total Value Locked (TVL) declined from around $400 billion to $197 billion.
All in all, the JTO price was mainly driven by network activity.
JTO holding above key support zone
On the charts, the JTO price broke above the horizontal resistance of a rising triangle pattern. The altcoin’s bulls were defending this level, which was around $0.35.
Immediately after the breakout from the triangle pattern, JTO rallied to May’s peak value of $0.70. It has since corrected to retest the resistance at $0.35, which is now a support level.
The Money Flow Index (MFI) is around 64, suggesting capital inflows are positive. Moreover, JTO was trading above the Supertrend indicator, reinforcing the bullishness.
The most likely target sat at $0.70, and if it is broken, it would open a path toward $1. Otherwise, JTO remains bullish unless the price breaks and stays below the $0.35 zone.
Final Summary
- Jito is up about 30% after a strong quarterly report where token burns, staked SOL, validators, and volume surged.
- JTO remains bullish unless the bulls fail to defend the price against breaking below $0.35.
