Jito’s $2.77B Vanish Act: Is Solana Having a Mid-Life Crisis?

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Oh darling, Jito’s TVL has gone from “fabulous at $3.77B” to “oh dear, under $1B” faster than a Bridget Jones diet. That’s a 73% nosedive, straight to 5th place on Solana. Pass the Chardonnay.

Remember when Jito was the Beyoncé of Solana, slaying with its TVL? Well, now it’s more like the Bridget of the blockchain-lovable but a bit of a mess. For the first time since Feb 2024, it’s dipped below $1B. That’s right, it’s officially in “where did all my money go?” territory.

Apparently, both dollar-denominated and SOL-denominated deposits have done a runner. Who knew crypto could be so dramatic?

Jito’s TVL: From Hero to Zero (Well, Almost)

On-chain data (aka the gossip column of the blockchain) reveals Jito’s TVL has plummeted from $3.77B to under $1B. That’s a $2.77B drop, or 73% if you’re into percentages. Personally, I’m more into percentages of chocolate left in the fridge, but hey, same energy.

Once the queen bee of Solana, Jito’s now fifth in line for the throne. Talk about a fall from grace.

🚨JUST IN: Jito, once the Solange Knowles of Solana (all the drama, less of the talent), has slipped to 5th place as its TVL falls below $1B. TVL dropped from $3.77B to under $1B-a $2.77B decline, or 73%. While much of the drawdown reflects…
– SolanaFloor (@SolanaFloor)

So, Jito’s locked assets are now under $1B. That’s like realizing your savings account is just a fancy piggy bank. Ouch.

As a result, it’s now fifth in the Solana popularity contest. TVL, for the uninitiated, is basically how much crypto is locked up in a protocol. Think of it as the blockchain version of “how much did you spend on shoes this month?”

Rankings change faster than my mood on a Monday, thanks to fluctuating asset prices and deposit levels. It’s like a soap opera, but with more math.

SOL Price and Outflows: The Perfect Storm

Part of Jito’s TVL drop is thanks to SOL’s price taking a nosedive. When SOL’s value drops, so does the dollar value of locked assets. It’s like when your favorite dress goes on sale, but you already bought it full price. Bitter.

But wait, there’s more! Jito’s TVL in SOL terms has also shrunk. From 18.9 million SOL to 12.38 million SOL-a 34.5% drop. That’s not just a price thing; it’s a full-on “users are taking their toys and going home” situation.

So, it’s not just the market being moody; it’s also people pulling out their funds. Crypto users are fickle, darling. One day they’re all “Solana is the future!” and the next they’re like “Actually, I’m going to put my money in a sock.”

Related Reading: Solana Nears $1B in Tokenized RWAs After BlackRock Boost (Because nothing says “recovery” like BlackRock dipping its toes in.)

Solana DeFi: Musical Chairs Edition

With Jito’s TVL under $1B, it’s no longer the prom queen of Solana. Other protocols have swooped in to take its crown. It’s like a game of musical chairs, but with more spreadsheets.

Solana’s DeFi sector has been more volatile than my love life lately. Asset prices, staking yields, and protocol incentives are all over the place. It’s enough to make your head spin-or at least mine.

Projects are competing for deposits like it’s The Bachelor, but with more rewards and infrastructure improvements. Who will come out on top? Only time (and a lot of crypto drama) will tell.

Jito’s decline has everyone side-eyeing Solana DeFi. Market participants are watching token prices and on-chain deposits like hawks. Future rankings will depend on user engagement, asset prices, and whether Solana decides to have a good day or not.

In the meantime, grab your popcorn (or Chardonnay) and enjoy the show. Crypto never disappoints when it comes to drama.

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2026-02-24 02:58