$JTO Jito (DeFi) generated $86,000 in protocol revenue over the past 24 hours, about 3.3 times its usual daily average ($26,000).
How to interpret this: Protocol revenue is the portion retained by the protocol after liquidity-provider fees are deducted. The increase suggests that actual usage has risen significantly.
To tell whether this is a turning point, watch for two things: first, whether revenue stays elevated over the next few days; and second, whether this spike was driven by one-off factors such as large liquidations. What do you think will happen next?
#JTO
How to interpret this: Protocol revenue is the portion retained by the protocol after liquidity-provider fees are deducted. The increase suggests that actual usage has risen significantly.
To tell whether this is a turning point, watch for two things: first, whether revenue stays elevated over the next few days; and second, whether this spike was driven by one-off factors such as large liquidations. What do you think will happen next?
#JTO