[REVISION HISTORY]

Jito DAO protocol and JTO token developments

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-11 02:24 UTC → 2026-08-27 23:33 UTC · added ~~removed~~

Jito DAO, a liquid-staking protocol on Solana, implemented ~~a new~~ governance ~~proposal,~~ proposal JIP-38, which mandates that 100% of the DAO’s revenue share from its JTX trading terminal be used for programmatic buybacks and permanent burns of the JTO token. This ~~initiative, intended to run for at least one year,~~ initiative aims to tie protocol revenue to token scarcity. Following these developments, Jito Finance ~~has~~ experienced ~~a surge in its~~ significant on-chain strength. The JTO token ~~price and~~ saw a ~~significant~~ 131% increase over a 90-day period, supported by a rise in Total Value Locked ~~(TVL), which rose by over $44.12 million~~ (TVL) to ~~reach~~ approximately $768.78 million. Protocol earnings also showed momentum in early Q3, ~~contributing~~ with roughly $489,140 recorded in the first two months, representing about one-third of the ~~total earnings recorded~~ $1.48 million earned in Q2. By late August, a divergence emerged between market price and on-chain activity. Despite a weekly price decline of approximately 9.69%, the asset saw $24.72 million in spot buying over a four-day period, resulting in a net inflow of $2.02 million. During this time, TVL grew by $243.81 million since August 19, reaching approximately $1.017 billion. In the derivatives market, funding rates decreased from 0.0143% to 0.0060%, potentially indicating increased short positions. Additionally, the Jito Foundation is exploring institutional digital asset products based on JitoSOL in collaboration with Wavebridge.

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