According to BlockBeats, Jito Labs announced on May 5 that it will launch JTX, a consumer-focused cryptocurrency trading application, in July 2026, marking its expansion from infrastructure to frontend trading services.
JTX will initially support spot trading on Solana, with perpetual futures and prediction market features to follow, potentially integrated through the Solana ecosystem’s Phoenix trading platform. Jito, founded in 2021 with approximately 39 employees and over $100 million in cash reserves, previously generated nearly $6 million in weekly revenue during peak on-chain trading periods and received a $50 million investment from Andreessen Horowitz’s crypto fund.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Miner GoMining Launches GoBTC Payment Protocol on May 5, Targeting 0.2% Fee Rate
According to Forbes, Bitcoin mining company GoMining announced on May 5 the launch of GoBTC, a payment protocol designed to leverage its mining pool's block production capacity (approximately 2-4 blocks daily) to settle transactions directly on the Bitcoin mainchain. The system aims to reduce
GateNews2h ago
Hyperliquid Testing 15-Minute Crypto Price Event Contracts on Testnet
According to ChainCatcher, Hyperliquid is currently testing new event contracts on its testnet, including 15-minute crypto price movement markets for bullish and bearish outcomes.
GateNews2h ago
Galaxy and State Street Launch SWEEP Tokenized Fund on Solana for 24/7 Cash Management
According to CoinDesk, on May 5, Galaxy Digital and State Street launched SWEEP, a tokenized cash management fund on Solana that enables institutional investors to manage stablecoins with 24/7 liquidity access, bypassing traditional market fund trading hours. The fund allows stablecoin allocation
GateNews3h ago
Uniswap DAO Votes to Reclaim 12.5M UNI Tokens Worth $42M, Voting Ends May 8
According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth around $42 million) that were previously delegated to representatives and the foundation. The vote concludes on May 8, with current results showing 53% in favor, 46% abstaining, and
GateNews3h ago
MicroAlgo Launches Quantum Blockchain Architecture With QKD and QSC on May 5
According to WSJ, MicroAlgo Inc. announced a quantum blockchain architecture on May 5 that integrates quantum key distribution (QKD) and quantum-safe channels (QSC) to enhance transaction security and transparency. The system features a four-layer design spanning quantum communication, blockchain co
GateNews3h ago
Somnia L1 Blockchain Launches USDso Stablecoin With 90% Revenue to DeFi Protocols
According to ChainCatcher, Somnia L1 blockchain announced the launch of its ecosystem stablecoin USDso, issued and operated by decentralized stablecoin protocol Frax Finance based on frxUSD architecture.
USDso operates under an over-collateralized model backed by U.S. Treasury securities and
GateNews4h ago
