- Jito achieved a record $26.49M in fees, emerging as the top performer on Solana’s network.
- JTO token saw a 4.89% surge, climbing to $3.01 as market interest fueled its momentum.
- Cuba token controversy emerged, linked to possible pump-and-dump activities on Solana.
For the first time in history, Jito, the Solana MEV infrastructure, captured over $20 million in fees for two consecutive days between January 20 and 21, 2025, according to DeFiLlama. On January 20, during the MELANIA transaction, Jito set a single-day record by collecting $26.49 million in fees. Recently, Jito has outperformed all other protocols in fee capture, surpassing both Meteora and Solana on the network.
Jito Overtakes Rivals in Fee Generation
Jito has outperformed other Solana-based protocols, including Meteora and even Solana itself, to become the leader in fee capture. According to data from DeFiLlama, Jito now commands the highest fees among protocols on the Solana network.
This shift underscores the increasing relevance of MEV infrastructures like Jito in blockchain financial operations. As Jito grows, it continues to redefine value extraction and distribution within Solana’s decentralized finance (DeFi) ecosystem.
The substantial fees captured by Jito also reflect the evolution of Solana’s infrastructure. Its ability to consistently generate higher revenues positions Jito as a crucial driver of network activity.
Jito Token (JTO) Rises to $3.01
Jito Token (JTO) has recorded a 4.89% price increase over the past 24 hours, climbing to $3.01. According to CoinMarketCap, JTO’s market cap stands at $858.66 million, with a fully diluted valuation of $3.01 billion. The token recorded $63.38 million in trading volume during the same period despite an 18.48% decrease compared to the previous day.
JTO’s circulating supply is 285.01 million tokens out of a capped total of 1 billion. The token’s volume-to-market cap ratio is 7.41%, indicating trading activity. JTO’s price surged from $2.864 to a peak of $3.013 within a day, reflecting growing interest in its ecosystem.
Related: Floki Trading Bot Goes Multi-Chain with Solana Integration
Speculation Around CUBA Tokens
Amid Jito’s milestones, Speculation around the CUBA token emerged on January 20, raising concerns about a potential pump-and-dump scheme associated with Solana. The token gained attention when it appeared linked to the Cuban Ministry of Foreign Affairs X account, which was later made inaccessible to the public. According to a prominent cryptocurrency commentator on X, multiple tokens related to the CUBA theme were introduced during the same period.
While details remain unclear, the sudden emergence of the CUBA token sparked intrigue and controversy within the crypto community. The incident adds to the broader narrative of Solana’s network activity as protocols like Jito dominate fee capture and decentralized finance continue to evolve.
