Liquid Staking · JTO · $0.85B TVL. Screen grades as of November 12, 2026: Solvency BBB, Legitimacy A, Growth B. SOL LST + MEV revenue; real earnings; SOL-beta on TVL.
| Input / Grade | July 27, 2026 | November 12, 2026 |
|---|---|---|
| TVL | $2.8B | $0.85B |
| 12-month TVL change | -35% | -62% |
| Worst 90-day drawdown | 40% | 33% |
| Drawdown scored | 40% (90-day only, v1.0) | 62% (worse of 90-day and 12-month, v1.1) |
| Solvency (credit grade) | BBB · 67.8 | BBB · 61.5 |
| Growth | BB · 47.8 | B · 42.5 |
TVL figures: DefiLlama, parent-level listing. The July 27, 2026 TVL was an analyst estimate and may have used a narrower definition, so part of the TVL difference can be definitional. Only these three inputs were refreshed in the re-screen; sustainability, unlocks, risk, audits, team, delivery, governance, category share and momentum were left as the July 27, 2026 estimates.
Solvency screens at BBB (61.5 / 100), unchanged from the July 27, 2026 screen. The worst 90-day TVL drawdown is 33% and 12-month TVL change is -62%. TVL stability is scored on the 12-month decline of 62%, because it is worse than the latest 90 days. Sustainability ratio (3x), unlock pressure (8%) and risk quality (8 / 10) are carried over from July 27, 2026.
Legitimacy screens at A (75.5 / 100). No Legitimacy input was refreshed in the November 12, 2026 re-screen, so the grade is unchanged from July 27, 2026.
Growth screens at B (42.5 / 100), previously BB in the July 27, 2026 screen. TVL is $0.85B, -62% over twelve months (it was -35% at the previous screen). Category share (15%) and momentum (6 / 10) are carried over from July 27, 2026.
The credit grade is Solvency BBB. Legitimacy is A and the Growth outlook is B; the weakest axis is Growth. These grades use TVL data as of November 12, 2026 and qualitative inputs from July 27, 2026.
The credit grade answers one question: can Jito survive stress and pay its users back. Legitimacy (A) and the Growth outlook (B) are published beside it and are never averaged into it. Weakest axis: Growth.
| Protocol | Solvency | Legitimacy | Growth |
|---|---|---|---|
| Jito (this page) | BBB | A | B |
| Lido | A | AA | BB |
| Rocket Pool | BBB | AA | CCC |
| Marinade | BBB | A | B |
| Sanctum | BBB | BBB | BB |
| mETH Protocol | BBB | BBB | B |
| StakeWise | BBB | BBB | CCC |
Jito is Solana's leading liquid staking protocol with a structural edge none of its Ethereum peers possess: its validator client captures MEV and routes it to stakers, giving JitoSOL a real yield premium and the DAO a genuine revenue engine beyond staking commissions.
Solvency screens at BBB. The ~3x sustainability ratio is high-quality — MEV tip revenue is earned, not emitted — and the risk posture is strong for its age. Deductions come from the 40% drawdown (JitoSOL TVL is unavoidably SOL-price beta) and ~8% unlock pressure still working through the schedule.
Legitimacy screens at A: an exceptional engineering team, near-flawless delivery including the restaking expansion, and solid audit coverage. Governance is young (5/10), with the foundation still steering major economic decisions.
Growth screens at BB. Category share (~15%) understates its Solana dominance — the figure is diluted against all liquid staking — but twelve-month TVL is down ~35% with SOL beta, and momentum, while positive, follows the chain's cycle.
Composite BB. Among the highest-quality mid-caps in the screen: real revenue, elite execution, honest beta. A full rating would focus on MEV-revenue durability as Solana's fee market evolves.
