Jito surpasses Ethereum, Solana, and Uniswap in key metrics

Jito, the largest liquid staking project on the Solana blockchain, has been making significant strides in the decentralized finance (DeFi) industry. Recent data indicates that Jito is not only performing well in terms of total value locked (TVL) but also surpassing major blockchain platforms like Ethereum, Solana, and Uniswap in fees generated this year. This milestone highlights Jito’s growing dominance in the staking sector and its unique offerings in liquid staking and restaking.

Record-Breaking TVL and Fees

Jito currently holds a total value locked (TVL) of 14.6 million SOL, which is equivalent to $2.7 billion. This makes Jito the 14th largest player in DeFi and the third-largest liquid staking protocol behind Lido and Binance Staked ETH.

In addition to its TVL, Jito’s fee generation has been impressive. According to TokenTerminal, Jito has earned $63 million in fees this year, surpassing Ethereum’s $55.1 million, Solana’s $51 million, and Uniswap’s $42.1 million. Jito’s fee generation places it among the top three cryptocurrency projects in terms of fees for 2025, trailing only Tether and Tron, which earned $137 million and $100 million, respectively. Notably, Jito’s fee earnings have outpaced Lido Finance, the largest liquid staking platform, which earned $31 million this year.

Jito’s performance has made it the most profitable player in the DeFi space, generating $729 million in fees over the last 12 months and $559 million in the past 180 days. After a dip in daily fees to $2.25 million in December, Jito has seen a strong recovery, with fees surging back to higher levels.

Jito’s Liquid Staking and Restaking Solutions

Jito offers two primary solutions to users: liquid staking and restaking. In the liquid staking model, users transfer their staked tokens to the network and convert them into JitoSOL, a liquid staking token (LST). Unlike traditional staking, where staked tokens are locked and inaccessible, Jito’s LST model allows users to trade and use their tokens in decentralized finance (DeFi) protocols, increasing liquidity and flexibility.

The yield on Jito’s staked tokens is currently 9.81%, which is higher than the average 7.4% staking yield offered by Solana’s native staking model. This higher yield has likely contributed to Jito’s increasing adoption and its rise to the top of the liquid staking market.

In addition to liquid staking, Jito also offers restaking through its Vault Receipt Tokens (VRT). Restaking allows holders of staked assets to generate more returns over time by tokenizing their staked assets. As of now, the total value locked in Jito’s restaked tokens stands at $42.6 million. Restaking provides additional yield opportunities for investors, boosting Jito’s appeal in the Solana ecosystem.

Jito Token Performance and Network Dilution

Despite Jito’s impressive success in liquid staking and fee generation, the performance of its native JTO token has been less favorable. Since its airdrop in 2023, the token has seen a significant decline in value. On January 12, the JTO token was trading at $2.64, down 40% from its high in December and 50% from its all-time high of $5.3.

This downturn in token value can be attributed to the ongoing network dilution, as Jito has a significant monthly issuance of tokens. A total of 11.31 million JTO tokens will be released each month until December 2026, contributing to the gradual increase in the circulating supply. Currently, there are 281 million JTO tokens in circulation, which matches the project’s total supply cap. The constant release of new tokens puts downward pressure on the token’s price, although it also allows for increased participation in the network.

Future Outlook

Despite the challenges in the token’s price, Jito’s liquid staking and restaking models continue to position it as a major player in the DeFi sector. The platform’s impressive fee generation, high staking yields, and growing user base suggest it will remain a key force in Solana’s ecosystem. Additionally, Jito’s unique offerings in restaking and tokenization of staked assets are likely to attract more users seeking ways to maximize their returns.

Jito’s ability to generate more fees than Ethereum, Solana, and Uniswap highlights the increasing demand for staking services and the value of innovative DeFi products. If it can maintain its position as a leader in liquid staking while addressing the challenges related to its token’s price performance, Jito has the potential to continue expanding its influence in the decentralized finance space.

In conclusion, while Jito’s native token faces short-term pricing challenges, its overall performance in liquid staking, fee generation, and innovation within the DeFi sector is nothing short of impressive. As the platform continues to evolve, it will likely remain one of the top projects to watch in the coming years.