Jito increased more than 8% on Wednesday when the network exceeded several blue chip blockchain networks in rates.
Jito (JTO), the largest liquid bet platform in Solana (Sun), has become the second most profitable entity in the cryptographic industry after bonding.
According TokentermalJito has generated more than $ 261 million in rates this year, while Tether has won $ 350 million.
Jito's performance has allowed some of the largest actors in the cryptographic industry, including ethereum (eth) and Solana. It is also generating more income than the main platforms defi such as Aave, Unisswap and Lido Finance.
The growing Jito rates coincide with an increase in the total value blocked within its ecosystem. According Defi flameJito TVL has risen to more than $ 3.6 billion, approaching its record record of $ 3.9 billion.
The customer base of the platform has also grown to more than 155,000, a figure is expected to increase the Solana ecosystem.
Jito, like other liquid networks such as Lido and Rocket Pool, offers investors greater flexibility to use their assets states. In the traditional rethinking, users must block their assets during an established period, usually a month, to obtain returns. The commitment to liquid allows users to access liquidity while they still gain betting rewards.
Jito Price Analysis
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The daily table shows that Jito's price has fought in recent months. The Token has decreased more than 42% since it reached its historical maximum of $ 5.33 in February last year.
Jito has formed a pattern of symmetrical triangle, with its two lines of trend that approach convergence. It is also quoted near your mobile averages of 50 and 25 days.
Therefore, Jito is likely to continue consolidating in the coming weeks before the rebound. If this trend develops, the Token could see profits of up to 75%, which can visit its historical maximum of $ 5.33. However, a fall below the key support level at $ 2,2236 would invalidate the upward perspective.