English
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The global SOL ETF "opening the floodgates" is injecting a boost into the Solana ecosystem. China Asset Management Hong Kong SOL ETF has been officially listed, and related products from institutions such as Grayscale and Bitwise in the United States are also on the horizon, which is expected to bring billions of dollars in new funds. As the dual leader in MEV and liquidity staking in the ecosystem, whether Jito can take advantage of this regulatory trend and trigger a comprehensive rebound in the Solana ecosystem has become the core focus of the market.  Jito's ecological leadership position is the core confidence to receive dividends. As Solana's first protocol that integrates MEV and liquidity staking, its validator adoption rate has exceeded 78%, daily MEV revenue has exceeded 10,000 SOL multiple times, and liquidity staking TVL has exceeded US$1.6 billion, occupying 40% of the market share. The JitoSOL issued by it can bring 8.26% APY (including MEV share) to pledgers, which not only solves the pain point of invalid transactions occupying resources on the Solana network, but also provides users with excess returns, becoming a key pillar of ecological infrastructure.  The capital dividend of SOL ETF has a strong resonance with Jito. The initial launch scale of Hong Kong ChinaAMC SOL ETF reached HK$21.29 million. The asset scale of Bitwise related products reached US$22.3 billion on the first day of listing. Institutional holdings of SOL have exceeded 17 million. These new funds will not only increase the demand for SOL itself, but also drive the layout of high-quality protocols within the ecosystem. As an ecological benchmark project, Jito's MEV business is highly positively correlated with SOL transaction volume, and the liquidity pledge business will also benefit from institutions' demand for safe pledge channels, forming a positive cycle of "capital inflow - ecological activity - protocol profitability".  Although the rebound potential is sufficient, challenges still need to be faced head-on. Currently, 60% of JitoSOL is idle, DeFi application scenarios are insufficiently expanded, and it faces competition from emerging protocols such as jupSOL. At the same time, funds after the SOL ETF is approved may be concentrated in top assets, and the differentiation of projects within the ecosystem may intensify. However, with its technical barriers and market share advantages, Jito is still the core target for receiving ETF dividends. Whether it can transform traffic into a sustainable growth driver by expanding application scenarios and strengthening value capture mechanisms will determine the depth and sustainability of Solana's ecological rebound. |
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