The airdrop by decentralized finance (DeFi) protocol Jito (JTO) on the Solana network led to the rise of the rival project’s altcoin.
Jito, which has attracted attention with its token launch and airdrop distribution in the past few days, has also been listed on Binance. center of attraction had happened. These developments activated many altcoins in the Solana ecosystem.
A liquid staking token that is traded in a similar manner to Jito (LST) issuing Marinade Local cryptocurrency MNDE reached its highest level in the last 2 years this week. MNDE, where it was traded on Thursday $0.2197 from levels 3x experiencing a sharp rise yesterday to $0.661 reached its levels.
Investors comparing Jito and Marinade 600% taking into account the market value difference MNDE investment He might have done it.
According to DeFiLlama data, Marinade Finance’s current situation Asset value locked (TVL) of $788 million while Jito only $477 million TVLIt has . This situation is thought to be one of the criteria taken into consideration for investment.
According to CoinGecko data, MNDE, at the time of writing from $0.481 is being traded.