Jito Overtakes Lido as Top Revenue Generator in 24 Hours

IconCryptoNewsTerminal Staff29 Jul, 2024

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Jito Overtakes Lido as Top Revenue Generator in 24 Hours

Jito, a liquid staking protocol built on Solana, has surpassed Lido to become the highest revenue-generating protocol in the past 24 hours, according to data from DeFiLlama. Jito's fee revenue reached $3.27 million, while Lido's revenue stood at $2.94 million. Liquid staking allows users to stake their crypto assets while maintaining liquidity, enabling them to participate in staking rewards without locking up their assets for extended periods. Jito's strong performance highlights the growing popularity of liquid staking protocols, particularly on the Solana blockchain.

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