Marinade and Jito have both drawn comparisons to Lido (LDO), the best-known and, by far, the largest LST protocol in crypto. Lido has commanded most LST activity on Ethereum (ETH) but struggled to replicate that success on Solana. In mid-October, right at the start of the recent Solana rally, it quit the ecosystem. This left a wider opening for Marinade and Jito, both of which started on and stuck with Solana.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
- PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
- PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
- PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
- Source: https://www.coindesk.com/markets/2023/12/08/jitos-token-launch-pushed-competitor-marinades-mnde-to-all-time-highs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines