Stakers deposit funds into Jito and receive a return on investment in the form of staking rewards (supply-side revenue). Note: fee, revenue and supply-side fees currently only include validator tips.

Jito is a non-custodial liquid staking protocol built on Solana. Jito was founded by Zano Sherwani and Lucas Bruder and launched in 2022.

Jito team and investors own and govern the protocol. They currently don’t take a cut of the total return on investment (revenue).

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Liquid staking

Jito

# Jito Assets staked Methodology

## 1. Overview

Assets staked measures the total value of SOL tokens staked through Jito's liquid staking protocol, denominated in USD. This metric represents the total value locked (TVL) in Jito's liquid staking service, where users stake SOL tokens and receive JitoSOL tokens in return. The calculation determines the total circulating supply of JitoSOL tokens and converts this to USD value, representing the underlying SOL assets staked in the protocol.

## 2. Data sources

- **Blockchain events**: Solana token balance change events for the JitoSOL token contract
- **Token metadata**: JitoSOL token contract address (`J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn`) and decimal precision
- **External data**: End-of-day price feeds for USD conversion of token values

## 3. Step-by-step calculation

### Component A: JitoSOL balance tracking
- **Purpose**: Extracts daily balance snapshots for all JitoSOL token holders from Solana blockchain data
- **Logic**: Filters Solana token balance change events specifically for the JitoSOL token address. Captures the `post_balance` for each token account after transactions, providing a daily snapshot of how many JitoSOL tokens each account holds. The data is truncated to daily timestamps to create consistent daily balance records.
- **Key fields**: `token_account` (holder address), `mint` (JitoSOL token address), `post_balance` (JitoSOL token amount), `block_date` (transaction date)

### Component B: Supply calculation with gap filling
- **Purpose**: Calculates the total circulating supply of JitoSOL tokens by aggregating all individual holder balances
- **Logic**: Takes all individual JitoSOL holder balances and applies forward-filling to handle missing data points, ensuring continuous daily balance records for all token holders. For any account-day combinations where balance data is missing, the system carries forward the last known balance. Then sums all individual holder balances by day to calculate the total circulating supply of JitoSOL tokens.
- **Key fields**: `account_address` (token holder), `token_address` (JitoSOL contract), `amount` (individual balance), `supply` (total aggregated supply)

### Component C: USD conversion
- **Purpose**: Converts JitoSOL token supply to USD value using external price feeds
- **Logic**: Applies the convert_to_usd_and_correct_decimals macro to the total JitoSOL supply. This process looks up the current USD price for the JitoSOL token from end-of-day price feeds and multiplies the token supply by the price. The conversion accounts for token decimal precision to ensure accurate value calculation.
- **Key fields**: `supply` (JitoSOL token amount), `tvl` (USD-denominated value)

### Final aggregation
- **Combining components**: The final step renames the TVL value to assets staked, as they represent the same concept for liquid staking protocols
- **Currency conversion**: USD conversion is applied using end-of-day price feeds with proper decimal correction for the JitoSOL token
- **Time aggregation**: Data is aggregated daily with forward-filling applied to ensure no gaps in the time series
- **Final calculation**: Assets staked equals the total circulating supply of JitoSOL tokens multiplied by the end-of-day USD price of JitoSOL, representing the total value of SOL tokens staked through Jito's liquid staking protocol

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of assets staked or restaked through the project.

JitoJTO

Assets staked

Assets staked

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