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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Jito

# Jito Total value locked Methodology

## 1. Overview

Jito TVL measures the total value locked in Jito's liquid staking protocol on Solana. This metric represents the total supply of JitoSOL tokens multiplied by their USD price. JitoSOL is a liquid staking token that represents staked SOL in Jito's validator network, allowing users to earn staking rewards while maintaining liquidity. The TVL calculation aggregates all JitoSOL token balances across all holder accounts to determine the total amount of value locked in the protocol.

## 2. Data sources

- **Solana token balance changes**: Daily snapshots of token balances for all accounts holding JitoSOL tokens, captured from Solana blockchain state
- **End-of-day price feeds**: Token price data for converting JitoSOL amounts to USD values
- **Token metadata**: Information about the JitoSOL token including its contract address and decimal precision

## 3. Step-by-step calculation

### Component A: Token balance extraction
- **Purpose**: Extract daily balance snapshots for all JitoSOL token holders
- **Logic**: Query Solana blockchain data to get token balance changes for the JitoSOL token address `J1toso1uCk3RLmjorhTtrVwY9HJ7X8V9yYac6Y7kGCPn`. For each day, capture the `post_balance` amount for every `token_account` that holds JitoSOL tokens. Data is aggregated at daily granularity using timestamp truncation.
- **Key fields**: `block_date` for timing, `token_account` for holder identification, `mint` for token address verification, `post_balance` for token amount held

### Component B: Balance aggregation and gap filling
- **Purpose**: Calculate total JitoSOL supply by aggregating all holder balances and ensure continuous time series
- **Logic**: Sum all individual holder balances for each day to calculate total supply. Apply forward-fill logic to handle missing days by carrying forward the last known balance for each account, ensuring no gaps in the time series data. This prevents artificial drops in TVL when balance data is temporarily unavailable.
- **Key fields**: `amount` representing individual holder balances, `supply` representing total aggregated supply, `timestamp` for daily boundaries

### Component C: USD conversion and finalization
- **Purpose**: Convert JitoSOL supply to USD value and apply final formatting
- **Logic**: Apply USD conversion using end-of-day price feeds for JitoSOL tokens. The conversion process handles decimal correction to ensure proper token amount representation. Apply final metric validation and formatting through the finalize TVL macro, which includes zero-filling for missing data points and validation of data integrity.
- **Key fields**: `tvl` representing the final USD value, `chain_id` for Solana identification, `product_id` for liquid staking classification

### Final aggregation
- **Combining components**: The total supply of JitoSOL tokens is multiplied by the token's USD price to arrive at the final TVL value
- **Currency conversion**: USD conversion uses end-of-day price feeds with proper decimal handling for accurate value calculation
- **Time aggregation**: Data is aggregated at daily boundaries with forward-fill strategy to ensure continuous metrics
- **Final calculation**: TVL equals the sum of all JitoSOL token balances across all holders, converted to USD using current token prices. This represents the total value of SOL staked through Jito's liquid staking protocol.

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

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

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