The post a16z invests $50m in Solana liquid staking protocol Jito appeared on BitcoinEthereumNews.com. Andreessen Horowitz’s crypto division has backed Jito with a $50 million investment set to bolster the Solana staking protocol’s ecosystem. Summary Andreessen Horowitz has backed Jito with a $50 million investment. The a16z Crypto venture capital firm received Jito tokens. JTO price saw a slight uptick amid the news, with the Solana-based protocol enhancing its growing liquid staking platform. Jito, a liquid staking protocol whose platform powers a maximal extractable value (MEV) infrastructure, will tap into the $50 million capital injection to optimize its staking rewards and network security. A16z’s backing of the Solana (SOL) MEV platform is the largest by a single investor. As part of the investment, a16z has received an allocation of Jito’s native cryptocurrency, Fortune reported on October 16, 2025.  Brian Smith, executive director at the Jito Foundation, confirmed the investment and Jito’s plans. The Jito Foundation is one of the main entities behind the protocol. Solana platform Jito sees growth Jito (JTO) currently boasts $2.86 billion in total value locked and has seen significant growth since unveiling its block assembly marketplace in July. BAM, the Jito team said at the time, is designed to limit toxic MEV, a key development in making Solana a leading platform for perps exchanges and central limit order books. “With BAM live on mainnet, Jito’s growing momentum across DeFi, and institutional adoption continuing to accelerate via JitoSol ETF’s, things are just getting started,” the platform posted on X. JitoSOL showed the network’s resilience as crypto markets recently witnessed its worst single-day crash. As other liquid staking tokens struggled amid the $19 billion wipeout, JitoSOL held its peg to highlight the notable strength LSTs on Solana are showing. During the Oct. 10 crash, Jito routed more than 50% of JitoSOL trading volume via incentivized pools. According to the platform, “deep and… The post a16z invests $50m in Solana liquid staking protocol Jito appeared on BitcoinEthereumNews.com. Andreessen Horowitz’s crypto division has backed Jito with a $50 million investment set to bolster the Solana staking protocol’s ecosystem. Summary Andreessen Horowitz has backed Jito with a $50 million investment. The a16z Crypto venture capital firm received Jito tokens. JTO price saw a slight uptick amid the news, with the Solana-based protocol enhancing its growing liquid staking platform. Jito, a liquid staking protocol whose platform powers a maximal extractable value (MEV) infrastructure, will tap into the $50 million capital injection to optimize its staking rewards and network security. A16z’s backing of the Solana (SOL) MEV platform is the largest by a single investor. As part of the investment, a16z has received an allocation of Jito’s native cryptocurrency, Fortune reported on October 16, 2025.  Brian Smith, executive director at the Jito Foundation, confirmed the investment and Jito’s plans. The Jito Foundation is one of the main entities behind the protocol. Solana platform Jito sees growth Jito (JTO) currently boasts $2.86 billion in total value locked and has seen significant growth since unveiling its block assembly marketplace in July. BAM, the Jito team said at the time, is designed to limit toxic MEV, a key development in making Solana a leading platform for perps exchanges and central limit order books. “With BAM live on mainnet, Jito’s growing momentum across DeFi, and institutional adoption continuing to accelerate via JitoSol ETF’s, things are just getting started,” the platform posted on X. JitoSOL showed the network’s resilience as crypto markets recently witnessed its worst single-day crash. As other liquid staking tokens struggled amid the $19 billion wipeout, JitoSOL held its peg to highlight the notable strength LSTs on Solana are showing. During the Oct. 10 crash, Jito routed more than 50% of JitoSOL trading volume via incentivized pools. According to the platform, “deep and…

a16z invests $50m in Solana liquid staking protocol Jito

2025/10/17 01:54

Andreessen Horowitz’s crypto division has backed Jito with a $50 million investment set to bolster the Solana staking protocol’s ecosystem.

Summary

  • Andreessen Horowitz has backed Jito with a $50 million investment.
  • The a16z Crypto venture capital firm received Jito tokens.
  • JTO price saw a slight uptick amid the news, with the Solana-based protocol enhancing its growing liquid staking platform.

Jito, a liquid staking protocol whose platform powers a maximal extractable value (MEV) infrastructure, will tap into the $50 million capital injection to optimize its staking rewards and network security. A16z’s backing of the Solana (SOL) MEV platform is the largest by a single investor.

As part of the investment, a16z has received an allocation of Jito’s native cryptocurrency, Fortune reported on October 16, 2025. 

Brian Smith, executive director at the Jito Foundation, confirmed the investment and Jito’s plans. The Jito Foundation is one of the main entities behind the protocol.

Solana platform Jito sees growth

Jito (JTO) currently boasts $2.86 billion in total value locked and has seen significant growth since unveiling its block assembly marketplace in July.

BAM, the Jito team said at the time, is designed to limit toxic MEV, a key development in making Solana a leading platform for perps exchanges and central limit order books.

JitoSOL showed the network’s resilience as crypto markets recently witnessed its worst single-day crash. As other liquid staking tokens struggled amid the $19 billion wipeout, JitoSOL held its peg to highlight the notable strength LSTs on Solana are showing.

During the Oct. 10 crash, Jito routed more than 50% of JitoSOL trading volume via incentivized pools. According to the platform, “deep and actively managed liquidity” across the pools helped maintain stability and protect the JitoSOL/SOL peg.

JTO price, which had dropped to $0.81 on Oct. 10, has since recovered above $1. The token traded near $1.16 at the time of writing, flipping green amid the $50 million a16z investment.

Source: https://crypto.news/a16z-invests-50m-solana-staking-protocol-jito/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Mt. Gox moves $936M in Bitcoin after eight-month dormancy

Mt. Gox moves $936M in Bitcoin after eight-month dormancy

The post Mt. Gox moves $936M in Bitcoin after eight-month dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Mt. Gox moved $936 million in Bitcoin after eight months of inactivity. The movement relates to the exchange’s ongoing court-supervised creditor repayment process. Mt. Gox, the defunct crypto exchange, moved $936 million worth of Bitcoin today after remaining dormant for eight months. The transfer involved shifting Bitcoin to a new wallet address, marking the first significant activity from the exchange’s holdings since March. The movement comes as Mt. Gox continues its court-supervised creditor repayment process. The rehabilitation trustee has extended the deadline for creditor reimbursements to allow more time for managing Bitcoin distributions. Mt. Gox has been gradually shifting Bitcoin to new addresses as part of its ongoing efforts to repay creditors. The exchange collapsed in 2014 following a massive hack that resulted in the loss of around 850,000 Bitcoin. The latest wallet activity suggests preparations may be underway for additional creditor payments, though the exchange has not disclosed specific timelines for distributions. Mt. Gox began returning funds to creditors in 2024 after years of legal proceedings. This is a developing story. Source: https://cryptobriefing.com/mt-gox-moves-936m-in-bitcoin-after-eight-month-dormancy/
Share
BitcoinEthereumNews2025/11/18 12:58