Jito's on-chain trading platform JTX, designed for the Solana ecosystem, has officially launched. The company stated that this product primarily serves on-chain traders who require more comprehensive execution tools, initially covering the Solana spot market, with plans to expand to perpetual contracts and prediction markets in the future.
The first batch of spot markets to be opened
The company disclosed that over 100,000 waiting users have gained access to JTX. The platform currently supports Solana spot trading and also covers RWA-related assets, which have seen rapid growth in recent years.
JTX focuses on self-custodied trading. Users hold their own private keys, and transactions are settled on-chain. Jito states that the platform aims to bring commonly used institutional execution tools to the on-chain environment without introducing a custodian layer.
Provide price limit list and TWAP
Based on the released version, JTX offers order types such as limit orders, TWAP orders, and conditional orders. It has also added the Smart Fills feature for splitting large orders to reduce the impact of a single transaction on the price.
The article also mentions that JTX will simulate and compare some transaction results with those of centralized exchanges to demonstrate the differences between on-chain execution prices and traditional platforms. These claims primarily originate from Jito and the research institutions cited in the article.
80% of revenue is planned to go to JTO
Jito also disclosed that if governance proposal JIP-38 is approved, 80% of the protocol revenue generated by JTX will be used for the accumulation of Jito DAO and $JTO value, and the remaining 20% will continue to be invested in protocol development.
According to the proposal, the revenue will be used for programmatic buybacks and burns of $JTO, with an execution period of at least one year and a planned reassessment in the fourth quarter of 2027.
Add a professional trading portal
JTX is considered an important product extension for Jito aimed at end-user traders. Previously, Jito had already provided block building, staking, and execution-related infrastructure in the Solana ecosystem, including products such as Jito Block Engine, jitoSOL, and BAM.
The original article cites third-party research stating that Solana has maintained a leading position in spot DEX trading volume in recent quarters, and its on-chain execution performance has continued to improve. Data in the article shows that Solana's quarterly tokenized asset trading volume reached $5.8 billion, and more than 300,000 wallet addresses hold RWA.
Additional information:The original article disclosed that SolanaFloor is a subsidiary of Jito Network, and the article is related to Jito.
