Jito Labs expands into consumer trading with JTX on Solana
Jito Labs is launching JTX, a self-custodial Solana trading platform designed to bridge the gap between decentralized protocols and centralized exchange experiences.Summary
Jito Labs, a key Solana infrastructure developer, is expanding into consumer-facing services with the launch of JTX, a self-custodial trading platform. Targeting 'prosumer' traders, JTX aims to provide the efficiency of a centralized exchange while maintaining decentralized security. The platform plans to support spot trading, perpetual futures, and prediction markets. Notably, JTX will distribute 80% of its protocol revenue to Jito Protocol and JTO token holders, aiming to incentivize adoption and compete with established platforms like Jupiter and Raydium. By leveraging their existing expertise in MEV and Solana block construction, Jito Labs intends to offer superior execution quality to attract trading volume from both centralized exchanges and other blockchains.
(Source：Crypto Briefing)