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Solana has experienced a significant increase in on-chain activity and daily active addresses, driven by popular dapps like Raydium, Pump.Fun, and Jito.

Dapps like Raydium, Pump.Fun and Jito have been the top fee generators on the Solana blockchain, data shows.

The decentralized liquid staking platform Jito (JTO) has recently marked a monumental stride by securing the first spot among leading fee-generating protocols across all blockchains. Notably, the Solana-backed platform overtook Lido (LDO) in 24-hour fee generation volume, garnering noteworthy attention among market participants.

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Solana's biggest liquid staking project is taking the plunge into restaking.

On July 25, the Jito Foundation made a splash with a major update that could transform staking and restaking on Solana.

Jito's open-source release could boost Solana's economic security and flexibility, potentially revitalizing interest in the struggling restaking sector. The post Jito releases open-source code for restaking on Solana appeared first on Crypto Briefing.

Solana meme coin Jito (JTO) has recorded significant upticks with its price soaring 9% after the platform announced the code for its restaking program. The platform noted that it will be a next-hybrid generation staking and restaking module.

Developers are one step closer to activating restaking on Solana with the Jito Foundation's latest code release.

TL;DR The code for Jito Restaking has been released on the Solana blockchain, a platform that integrates staking, restaking, and a liquid restaking token (LRT) module.

The yet-to-implemented codebase allows any Solana-based protocol to use any asset for its economic security.

This innovative approach allows you to earn $JitoSOL tokens. Your $SOL remains staked, potentially increasing in value over time.

Gamers have seen how VR has revolutionized gaming and is now touching every sector. In this situation, 5thScape has set an example by developing VR games and educational resources, where its native crypto is the currency used for exchange on its platform.

This collaboration offers SOL holders a more rewarding staking experience, combining earning rewards with maintaining liquidity. It also contributes to the security and strength of the Solana network.

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Jito amassed considerable daily fees, eclipsing the majority of DeFi protocols by a significant margin.

The DAO governing Jito, the Solana-based liquid staking service, will consider a proposal to spend 7.5 million of its native JTO token on liquidity mining. That's equivalent to roughly $29 million at current prices, and it's 3.1% of the 240 million JTO held in the DAO's treasury.

Coinbase International, the global futures trading platform of the largest U.S. cryptocurrency exchange, has announced plans to list three new altcoins in perpetual futures contracts. Jupiter (JUP), Tensor (TNSR), and Jito (JTO) perpetual futures will become available for trading on Coinbase International Exchange and Coinbase Advanced starting on or after 09:30 UTC on May 16,

The protocol now holds an impressive 10 million SOL, equivalent to approximately $1.4 billion. This cements its status as a dominant force within the Solana ecosystem.

Jito Network became the top DeFi protocol on Solana, with liquid staking pool token JitoSOL rising by 8.5%.

Jito becomes the largest protocol on Solana, ahead of Marinade and Kamino.

Jito boasts around 38% of assets deposited on Solana's blockchain, and is now the biggest protocol within the SOL ecosystem.

Jito now has 10 million SOL ($1.4 billion) in total value locked — accounting for some 38% of Solana's overall TVL.

Jito, a liquid staking pool on the Solana blockchain, has recently announced a significant milestone. Its total value locked (TVL) has exceeded 10 million Solana (SOL).