ambcrypto.com
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.