Over the past several years, Aggregation Foundation has developed meaningful exposure to JTO, the native token of the Jito Network, through a combination of ecosystem research, strategic positioning, and ongoing evaluation of the critical infrastructure layer underpinning Solana’s economic activity.
An executive summary of our broader research is presented below.
Executive Summary
Aggregation Foundation views Jito as one of the most important infrastructure layers in the Solana ecosystem. In our assessment, Jito has become a foundational component of Solana’s transaction processing, block production, staking, and emerging restaking architecture. Our conviction in Jito and its native token JTO is rooted in the structural role Jito now plays across validators, stakers, applications, interfaces, and end users. Put simply, Jito sits at the center of a multi-sided network that helps keep Solana performant, efficient, and economically productive.
Today, Jito operates as an integrated software and coordination system with three primary components:
- Transaction processing and block production infrastructure
Including the Jito-Solana validator client and related products such as Relayer, ShredStream, Block Engine, and Bundles. - Staking infrastructure
Including JitoSOL, Jito’s liquid staking token, and StakeNet, its decentralized and automated stake delegation system. - Restaking and coordination infrastructure
Including Node Consensus Networks, such as TipRouter and Vaults, which extend Jito’s role in reward routing, utility expansion, and ecosystem coordination.
Aggregation Foundation （https://www.aggrfdn.site/）has long viewed MEV and transaction ordering as core analytical lenses for understanding value accrual in high-performance public blockchains. Over time, the capture and redistribution of economic value has increasingly moved “up the stack,” from raw base-layer throughput toward systems that coordinate execution, sequencing, rewards, and network efficiency. We believe Jito is among the largest beneficiaries of this shift as crypto market structure continues to mature.
From our perspective, Solana has emerged as one of the most widely used and economically productive public blockchain networks. Its growth in trading activity, transaction throughput, and on-chain application usage has created strong demand for more efficient transaction handling and better execution architecture. Within that environment, Jito has become deeply embedded in the Solana transaction supply chain. A substantial portion of transaction activity, fee generation, and execution quality is now influenced by Jito’s systems.
In addition to value capture moving up the stack, Aggregation Foundation believes JTO may represent one of the most fundamentally grounded and risk-aware ways to gain exposure to Solana’s expanding on-chain capital markets infrastructure.
Execution around highly contested state is essential to the performance of any permissionless, distributed financial system. For Solana to achieve its long-term vision of operating as a high-speed, global settlement and trading layer, it must reliably process very large amounts of transaction flow with low latency and high consistency. Jito plays a central role in enabling this outcome by helping segment transactions based on urgency and value, while reducing congestion and improving the quality of block construction during periods of elevated demand.
The Jito product suite has been instrumental in preserving user experience as the Solana ecosystem scales. By improving the reliability of transaction landing and supporting low median fee environments even during volatile periods, Jito creates the conditions for stronger application-layer growth. In practical terms, this supports an expanding range of use cases, including:
- high-performance derivatives exchanges that depend on precise execution and low-latency order management,
- DePIN applications requiring frequent, low-cost token transfers,
- token issuance and spot trading platforms,
- and more general forms of on-chain financial coordination.
Aggregation Foundation believes one of Jito’s strongest qualities is the reinforcing nature of its product architecture. The StakeNet delegation model and JitoSOL staking system encourage validators to run the Jito-Solana client. Running the Jito-Solana client can improve validator economics through more efficient and profitable block construction, which in turn can support stronger rewards for stakers. Restaking-related systems then add another layer of utility and coordination, broadening the role of both JitoSOL and JTO in the ecosystem while helping decentralize reward pathways and generate additional opportunities for value accrual.
As a central layer for MEV capture, reward routing, and execution coordination across Solana, Aggregation Foundation expects Jito to capture an increasing share of the economic value generated by the network over time. This value may accrue through multiple channels, including:
- bundle tips,
- staking-related rewards,
- restaking-associated utility and yields,
- and broader network-level execution demand.
Our Thesis on Jito
The executive summary of Aggregation Foundation’s JTO thesis is as follows:
1. Jito is core infrastructure, not just an application.
We view Jito as an infrastructure layer embedded deeply into the way Solana transactions are processed, ordered, and monetized. This gives it a different strategic profile than a typical DeFi application.
2. Jito benefits from strong structural lock-in.
Jito has built meaningful integration across validators, stakers, applications, front ends, and network participants. These relationships create durable coordination advantages and reinforce network effects over time.
3. Jito is positioned at the center of Solana’s transaction economy.
As Solana scales and more economic activity flows on-chain, systems that improve execution quality, reduce congestion, and optimize block construction are likely to become increasingly important. Jito is well positioned to benefit from that trend.
4. The product suite is mutually reinforcing.
The validator client, staking products, and restaking architecture each strengthen the others. This creates a more resilient and expandable ecosystem around Jito than would exist with a single standalone product.
5. Jito supports application-layer growth across Solana.
Reliable execution and better transaction inclusion are not merely technical improvements; they are foundational enablers for higher-performance DeFi, DePIN, trading, issuance, and broader on-chain applications.
6. MEV capture and redistribution are becoming increasingly important.
Aggregation Foundation expects the mechanisms that coordinate and distribute value generated from transaction demand to matter more over time. Jito is one of the clearest and most direct expressions of that trend on Solana.
7. JTO provides exposure to Solana’s expanding economic throughput.
As Solana adoption continues to grow, we expect Jito to remain one of the primary beneficiaries of that expansion due to its central role in transaction processing, validator economics, and execution infrastructure.
Valuation Perspective
Based on Aggregation Foundation’s valuation framework and market assumptions, we believe JTO offers meaningful upside exposure to the continued growth of Solana’s transaction economy and broader on-chain capital markets infrastructure.
Our valuation view is grounded in the belief that Jito is not simply a token attached to a single use case, but rather a strategic asset linked to multiple layers of Solana’s economic engine, including execution quality, MEV coordination, staking flows, and emerging restaking systems.
From Aggregation Foundation’s perspective, Jito represents one of the clearest examples of high-value infrastructure within the Solana ecosystem. As the network continues to scale and on-chain activity deepens, we believe Jito is positioned to capture an increasingly important share of the economic value created across Solana.
More broadly, we see Jito as aligned with several of the most important long-term trends in digital assets:
- the rise of infrastructure-driven value accrual,
- the increasing importance of execution quality in on-chain markets,
- the expansion of staking and restaking systems,
- and the maturation of high-performance public blockchain economies.
For these reasons, Aggregation Foundation believes Jito (JTO) deserves serious consideration as a key asset within the evolving Solana and digital infrastructure landscape.