Liquid staking and MEV infrastructure project Jito has become the most valuable protocol on Solana, with $1.4 billion in total value locked.

At the equivalent of around 10 million SOL, Jito accounts for some 38% of the Solana ecosystem’s $3.7 billion TVL, according to DeFiLlama data. Staking protocol Marinade is second with $1.37 billion in TVL, followed by Kamino, Raydium, and Marginfi at $1 billion, $613 million, and $424 million, respectively.

Within the overall liquid staking market, Jito sits in the top five across all blockchains at 3% of the $45.5 billion TVL. Lido dominates the niche at $27.6 billion, followed by Rocket Pool, Binance, and Mantle at $3.6 billion, $2.6 billion, and $1.4 billion, respectively.

Around 40% of Jito’s flagship JitoSOL liquid staking token supply is …