Jito (JTO) Falls 13% as TVL Drops More Than $193 Million
Image: TokenPost
Jito (JTO) fell 13.234% in 24 hours to $0.4563 at 8 a.m. ET (12:00 UTC) Thursday, Oct. 15, as the protocol’s tracked value and fees also declined. Around 9 a.m. ET (13:00 UTC), Jito’s combined tracked total value locked (TVL) was $1.076 billion, more than $193 million below its Oct. 5 level. Tracked fees fell 58.56% over that span, from $532,600 to $220,729. The TVL measure covers liquid staking, restaking, MEV and DAO products. TVL represents the dollar value of coins held in a protocol’s smart contracts. Because the measure is dollar-denominated, it can fall when deposited assets lose value; the decline alone does not establish that users withdrew funds.
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