Jito liquid staking deposits top $1.2 billion as Solana lifts value
Jito’s liquid staking pool was worth $1.23 billion late on Oct. 1, up 22% in 30 days, but most of that gain came from a higher Solana price.
The quick take
- Price: Jito ($JTO) traded at $0.5415 as of 7:40 p.m. ET, up 2.2% in 24 hours and 9.7% in 7 days.
- Trigger: The pool’s dollar value rose 22% in 30 days, while the SOL inside it grew only 3.4%.
- Watch: Whether SOL deposits keep climbing if the Solana price stops rising.
Jito liquid staking deposits were worth $1.23 billion at 22:24 UTC on Oct. 1, according to DefiLlama. On Sept. 2, the same pool held $1.00 billion. Most of that 22% gain came from a higher Solana price, not from new money.
Jito runs a liquid staking pool on Solana ($SOL). Users deposit SOL and receive JitoSOL, a token that earns staking rewards and can still be used across DeFi. Holders keep earning validator rewards while they lend, trade or provide liquidity with JitoSOL elsewhere on the chain.
What happened
DefiLlama tracks the pool both in dollars and in SOL. In dollars, it grew from $1.00 billion on Sept. 2 to $1.23 billion late on Oct. 1.
Counted in SOL, the picture is calmer. The pool held 10.42 million SOL, against 10.07 million SOL on Sept. 2. That is about 341,000 SOL more, a rise of 3.4% in a month.
The past week was close to flat. Since Sept. 25, the pool is up 0.9% in dollars and 0.4% in SOL.
Why it moved
The main driver was price. CoinGecko showed $SOL at $118.37 at 23:40 UTC, up 18.8% in 30 days. When SOL rises, every token in the pool is worth more in dollars, even if nobody adds a single coin.
A second source lines up with DefiLlama. CoinGecko lists 7.99 million JitoSOL with a market value of $1.23 billion. Each JitoSOL traded at $154.19, or about 1.30 SOL, because the token keeps the staking rewards it has earned over time. That value builds slowly, which is why one JitoSOL is now worth more than one SOL.
Multiply 7.99 million tokens by 1.30 and you get about 10.4 million SOL, the same amount DefiLlama reports. Jupiter’s price feed showed JitoSOL at $154.26, within 0.05% of CoinGecko.
Who’s buying and selling
The 341,000 SOL added over the month is a net figure. It means deposits beat withdrawals, but the data does not show who made them or why. The pace also slowed late in the month: since Sept. 25, net inflows came to about 37,600 SOL.
For scale, Jupiter Staked SOL (JupSOL), a rival liquid staking token, held $609 million on DefiLlama. CoinGecko put its market value at $610 million. Jito’s pool is about twice that size.
The Jito governance token has moved with the wider mood. CoinGecko showed $JTO up 9.7% over 7 days, ahead of $SOL’s 1.2% gain in the same week. The token and the staking pool are separate: $JTO holders do not own the staked SOL.
What to watch next
The SOL count is the cleaner signal. If it keeps rising while the price is flat or lower, that would point to real demand for JitoSOL. If it slips, the dollar figure could fall faster than the price alone suggests.
Price swings cut both ways. A 10% drop in $SOL would lower the pool’s dollar value by about the same share, even with no withdrawals at all. That is why the dollar total alone can mislead.
Readers can follow both numbers on DefiLlama and the JitoSOL supply on CoinGecko. A large gap between the two would be worth a closer look.
Bottom line: Jito’s 22% dollar gain this month is mostly a Solana price story, with a small but steady rise in actual deposits underneath it.
Sources
- DefiLlama: Jito Liquid Staking, TVL in dollars and SOL (read 23:45 UTC, Oct. 1)
- CoinGecko: Jito Staked SOL (JitoSOL) market data (23:40 UTC)
- CoinGecko: Solana price and 30-day change (23:40 UTC)
- CoinGecko: Jito ($JTO) price (23:41 UTC)
- DefiLlama: Jupiter Staked SOL (23:41 UTC)
- Jupiter price API: JitoSOL (23:43 UTC)
Price data: CoinGecko, cross-checked with Jupiter.
Not financial advice.
