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Jito to Launch JTX Trading App in July, Targeting the Consumer Market

2026.05.05 20:56:06

On May 5, Jito Labs—the Solana ecosystem’s staking protocol—announced plans to launch JTX, a consumer-focused crypto trading app, in July this year. This marks its official shift from the infrastructure layer to front-end transaction services. Early versions of JTX will support Solana-based spot trading, with plans to later integrate perpetual contracts and prediction market functionality. Access to the perpetual products may be facilitated via Phoenix, a trading platform within the Solana ecosystem. Founded in 2021, Jito currently has approximately 39 employees and holds over $1 billion in cash. The company delivered strong performance in 2025, once generating nearly $6 million in revenue in a single week amid popular on-chain transactions on Solana (such as the meme coin craze). Last year, it secured a $50 million investment from Andreessen Horowitz’s crypto fund. Jito CEO Lucas Bruder stated the firm is no longer content with merely providing underlying infrastructure. Instead, it aims to directly reach users through in-house developed apps to enhance the on-chain transaction experience.
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Hong Kong-listed large language model concept stocks continue to decline, with Zhipu AI falling more than 11%.

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China's National Development and Reform Commission (NDRC) plans to revise the Measures for the Administration of Foreign Investment, implementing record-filing management for resident individuals' overseas investments.

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Iran: Vessels violating Iran's Strait of Hormuz transit regulations may face fines, detention, or seizure.

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