JITOSOL Description
Overview
Jito Staked SOL (JITOSOL, on-chain ticker "JitoSOL") is a liquid staking token on Solana (SPL token, Metaplex standard, 9 decimals) representing SOL staked through the Jito protocol.
Holders receive JitoSOL when they deposit SOL into Jito's stake pool, which delegates the deposits to a curated set of more than 50 validators running the Jito-Solana client across 61 data centers. The token's value accrues through a rising SOL-redemption exchange rate rather than rebasing, reflecting staking rewards, transaction fees, and MEV (maximal extractable value) tips earned by those validators. JitoSOL launched on-chain in October 2022.
Value Proposition
JitoSOL differentiates itself by capturing MEV (maximal extractable value) tips alongside standard staking rewards, through the purpose-built Jito-Solana validator client.
Rather than rebasing token balances, gains show up as a rising SOL-redemption exchange rate, making JitoSOL usable as a yield-bearing asset across Solana DeFi while still representing a direct staking position.
Token Basics
JitoSOL is a yield-bearing liquid staking receipt token, not a governance token - governance of the Jito protocol instead uses the separate JTO token.
- Holders obtain JitoSOL by depositing SOL into Jito's stake pool and can redeem it back for SOL plus accrued rewards at any time.
- It can be held, transferred, or supplied as collateral or a trading pair within Solana DeFi applications.
- It carries no voting rights of its own; JitoSOL does not participate in Jito Improvement Proposal votes.
Tokenomics
JitoSOL has no fixed maximum supply; its supply is elastic, expanding or contracting as users stake or unstake SOL through the pool.
- Circulating supply: approximately 7.75 million JitoSOL as of 2026-08-31, essentially equal to total supply.
- Market capitalization: approximately $1.03 billion, with fully diluted value effectively identical to market cap since no supply is locked or vested.
- No allocation or vesting schedule applies; tokens are minted on deposit and burned on redemption.
- Net supply inflation carries a medium risk score relative to other large-cap tokens.
Launch & Funding
JitoSOL launched on-chain on 2022-10-30 alongside the Jito-Solana validator client, with no ICO, IDO, or public token sale - tokens are minted and burned continuously as users stake and unstake SOL.
This on-chain launch date is distinct from the founding of Jito Labs, the company behind it, established in 2021. Jito Labs raised a $10 million Series A co-led by Multicoin Capital and Framework Ventures, with participation from Alameda Research, Solana Ventures, Delphi Digital, and Robot Ventures, following an earlier $2.1 million seed round, bringing total funding to $12.1 million.
Blockchain & Consensus
JitoSOL is deployed on Solana as an SPL token following the Metaplex standard, with 9 decimals.
Staked SOL backing JitoSOL is delegated to a curated set of more than 50 validators running the Jito-Solana client, a modified Solana validator client built to capture MEV during block production, spread across 61 data centers. This validator client operates alongside Solana's own network-level block production rather than replacing it.
Team
Jito Labs was founded in 2021 by Lucas Bruder and Zano Sherwani to build MEV-based staking infrastructure for Solana.
Issuing Organization
JitoSOL is issued within the Jito ecosystem, comprising Jito Labs, the original engineering company founded in 2021, and the Jito Foundation, a non-profit now stewarding the protocol.
Official channels include the website jito.network, the GitHub organization jito-foundation, and the X account @jito_foundation. The token is officially described as an "MEV-Powered Liquid Staking Token."
Governance
JitoSOL carries no governance rights; the broader Jito protocol is governed separately through the JTO token via on-chain voting.
- The Jito Foundation is led by two independent Directors, Matt Shaw and Glenn Kennedy, with an independent Supervisor provided by FFP Corporate Services and Webslinger acting as DAO administrator.
- JTO holders vote 1 token = 1 vote on Jito Improvement Proposals (JIPs), with a 250,000 JTO proposal threshold and a passage threshold of at least 30,000,000 JTO voting yes.
- JIP-38, passed 2026-07-13, commits 80% of new JTX trading-platform revenue to JTO buybacks and burns through at least Q4 2027.
Roadmap
- January 2026: 21Shares launched a JitoSOL exchange-traded product (ticker JSOL) on Euronext Amsterdam and Paris, offering SOL price exposure plus liquid-staking yield to European investors.
- 2026-04-13: Jito Foundation signed an MOU with KODA, South Korea's largest digital-asset custodian, to expand institutional access to JitoSOL.
- Q2 2026: Jito's Block Assembly Marketplace (BAM) expanded to 378 validators, representing about 33% of Solana's stake weight (~$10.6 billion).
- 2026-07-14: JTX, Jito's self-custody trading platform, opened phased early access following the JIP-38 governance vote.
Security
JitoSOL's SPL Stake Pool program has reportedly been reviewed by three separate audit firms. The Jito-Solana validator client it relies on has been audited multiple times by Halborn, Neodyme, and OtterSec, with OtterSec reviewing each major release.
A concentration-risk indicator rates JitoSOL as medium relative to other large-cap tokens, with roughly the top 20% of addresses holding about 24% of supply, while liquidity risk is rated low.
Frequently Asked Questions
What is JitoSOL?
JitoSOL (on-chain ticker "JitoSOL") is a liquid staking token on Solana representing SOL deposited into Jito's stake pool. It is an SPL token following the Metaplex standard with 9 decimals, and its value rises relative to SOL as staking, transaction, and MEV rewards accrue. It launched on-chain on 2022-10-30.
Is JitoSOL a governance token?
No. JitoSOL is a yield-bearing liquid staking receipt token with no voting rights of its own. Governance of the broader Jito protocol is handled separately by the JTO token, whose holders vote on Jito Improvement Proposals; holding JitoSOL alone confers no governance rights.
How does JitoSOL generate yield?
JitoSOL accrues yield because the SOL backing it is delegated to validators running the Jito-Solana client, which captures block rewards, transaction fees, and MEV (maximal extractable value) tips. Rather than paying rewards out as extra tokens, these gains raise the SOL-redemption exchange rate of each JitoSOL over time.
What is JitoSOL's contract address?
JitoSOL's Solana mint address is J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn, an SPL token built to the Metaplex standard with 9 decimals. This single canonical address has been consistently confirmed across independent Solana blockchain explorers, on-chain data providers, and wallet applications, with no evidence of bridged or wrapped versions causing confusion.
Who founded Jito?
Jito Labs, the company behind JitoSOL, was founded in 2021 by Lucas Bruder and Zano Sherwani to build MEV-based staking infrastructure for Solana. Backers and angel investors have included Multicoin Capital, Framework Ventures, Solana co-founder Anatoly Yakovenko, Coral founder Armani Ferrante, and Solana Foundation's Austin Federa.
What is the difference between JitoSOL and JTO?
JitoSOL is a liquid staking receipt token representing staked SOL plus accrued rewards, with value reflected in a rising exchange rate. JTO is a separate governance token with a 1 billion total supply used to vote on Jito Improvement Proposals and treasury decisions; holding JitoSOL confers no governance rights.
What is JitoSOL's market capitalization?
JitoSOL's market capitalization was approximately $1.03 billion as of 2026-08-31, with a circulating supply of roughly 7.75 million tokens. Because JitoSOL has no locked or vested allocations, its fully diluted value is effectively identical to its market capitalization. Its price stood roughly 57% below its all-time high of $312.04.
Has JitoSOL been audited?
JitoSOL's underlying SPL Stake Pool program has reportedly been reviewed by three separate audit firms, and the Jito-Solana validator client it depends on has been audited multiple times by Halborn, Neodyme, and OtterSec, with OtterSec reviewing each major release on an ongoing basis.
