The decentralized finance (DeFi) space has seen intense growth recently, with new projects launching and token prices soaring.
One such token that has pumped 80% in the last week is Jito (JTO), a liquid staking platform on Solana (SOL).
As JTO prepares for its next upward leg, many investors are also turning to a new GambleFi token called TG.Casino (TGC) that could be poised for a similar breakout.
Jito Brings Liquid Staking & MEV Rewards to Solana
First thing first – what is Jito?
As noted above, Jito is a liquid staking platform that offers token holders Maximum Extractable Value (MEV) rewards.
It allows users to stake their SOL tokens in exchange for JitoSOL, a liquid token that maintains staking yields and DeFi opportunities while distributing MEV profits.
To promote a fair MEV ecosystem, Jito launched an open-source validator client that enables competitive auctions within each block.
The Jito Foundation oversees the network and recently airdropped free JTO governance tokens to early users.
90 million JTO tokens were claimable – an amount worth $265.5 million at the time of writing.
JTO enables holders to guide decisions like staking pool fees, delegation strategies, treasury management, and more.
After the airdrop, JTO was made available on various Solana-based decentralized exchanges (DEXs).
This development prompted several Tier-1 centralized exchanges (CEXs), such as Coinbase and Binance, to list JTO as well, significantly boosting its liquidity and accessibility.
JTO Price Rises Exponentially After Major Exchange Listings
Fueled by its listing on top exchanges last Thursday, the JTO token has taken off over the past few days.
From an initial listing price of approximately $1.60, JTO has surged over 80% to $2.90 at the time of writing, outpacing the gains of established cryptocurrencies like Bitcoin, Ethereum, and XRP over the same period.
This large pump can be attributed to the huge interest from investors in Jito’s innovative liquid staking model.
However, Jito’s rally may have only just begun – the adoption of Solana continues to increase thanks to its low fees, speed, and growing ecosystem of dApps.
This rise in adoption is likely to benefit Jito, as projects closely tied to Solana stand to gain from its soaring popularity.
With analysis from Statista forecasting that the DeFi sector is expected to grow at a CAGR of 15.86% between now and 2028, Jito’s unique approach to liquid staking positions it as a promising contender in this exciting market.
TG.Casino Emerges as Rising Star in the Explosive GambleFi Space & Raises $3.8m
As Jito continues making waves with its innovative concept, the crypto-gambling sector is also heating up.
One new project poised to ride this wave of growth is TG.Casino (TGC), a provably fair online gambling platform built natively on Telegram.
Having already raised over $3.8 million in presale, TG.Casino provides a massive selection of casino games and sports betting options, all without the need for KYC.
The platform operates on a unique tokenomics model, employing a Buyback-and-Burn mechanism that uses some of the casino’s profits to exert deflationary pressure.
TG.Casino also provides 25% cashback on losses and exclusive VIP game access to those who place bets using the native TGC token.
As a platform tailored to crypto gamblers and operating on Telegram’s vast 700+ million user base, TG.Casino is positioning itself as one of the most exciting new launches in the GambleFi space.
Much like Jito’s emergence in liquid staking, TG.Casino brings an easy, beginner-friendly experience that makes it usable by anyone.
More than 10,900 people have joined TG.Casino’s Telegram community in recent weeks, while the project’s Twitter account has grown to over 12,600 followers.
The platform has even been audited by Coinsult and boasts a gaming license from Gaming Curacao, indicating that the developers are taking the necessary steps to establish TG.Casino as a legitimate player.
These factors position TGC as an exciting altcoin that could potentially surge in value alongside JTO.