Jito's governance token (JTO) traded at about $0.4214 at 08:05 UTC on 25 October 2026, according to CoinGecko. That is 4.7% lower over seven days and 16.9% lower over thirty. It gave back a late-September rally that took the daily price to $0.6013 on 27 September. Two governance proposals matter most for holders right now. JIP-38 sends the DAO's share of fees from Jito's new consumer trading platform to JTO buybacks and burns. JIP-39 would reshape how JitoSOL stake is delegated and wind down a validator subsidy by mid-2027. It was still being discussed on the Jito forum as of 20 September.
Where the price stands (25 October 2026)
| Metric | Value | Source, time |
|---|---|---|
| Price | $0.4214 | CoinGecko, 25 Oct 2026 08:05 UTC |
| 7-day change | -4.67% | CoinGecko |
| 30-day change | -16.85% | CoinGecko |
| Market cap | $225.9M | CoinGecko |
| Circulating supply | 536.19M JTO | CoinGecko |
| Total supply | 1,000,000,000 JTO | CoinGecko |
| All-time high | $6.01 on 7 Dec 2023 | CoinGecko |
The daily CoinGecko series for 27 August to 25 October 2026 shows:
- A low of $0.4050 on 5 September.
- A high of $0.6013 on 27 September.
- $0.5499 on 30 September, $0.4904 on 15 October and $0.4738 on 16 October.
At $0.42 the token is about 93% below its all-time high.
JIP-38: fee revenue goes to buybacks and burns
The Jito forum post for JIP-38, "Confirm Jito as a Token-Centric Network", is dated 13 July 2026. Its main points:
- Who gets revenue. All network revenue flows to the DAO and is governed by JTO. The one standing exception is 20% of the trading platform's fees, which stays with the platform for development. The other 80% goes to the DAO.
- Buybacks and burns. The proposal commits 100% of the DAO's revenue share from the platform to open-market JTO buybacks for at least one year, until a review in Q4 2027. Every JTO bought this way is burned.
- Execution. A "Rev Splitter" collects platform fees and runs the buybacks automatically. The Dev Council manages it under revocable delegated authority.
- Other revenue streams. JitoSOL, block-builder (BAM) and block engine revenue are not committed to buybacks. The BAM subsidy continues through Q3 2026 under JIP-37. Routing for Q4 2026 stays under existing governance.
- Review. In Q4 2027, tokenholders vote on how all fee streams are routed.
The platform opened to its first 1,000 waitlisted users on 14 July 2026, according to Solana Compass. The forum lists JIP-38 with the status "OFFICIAL", and several outlets reported it as approved on 13–14 July.
What it means for holders
The burn depends on platform fees. If the platform has little volume, there is little to buy back. Most of Jito's other revenue, including JitoSOL and the block engine, is not tied to buybacks under JIP-38.
JIP-38 and JIP-39: what happened and what is scheduled
Step through the dated milestones of Jito's buyback-and-burn rule and the JitoSOL proposal, from the July forum post to the Q4 2027 review.
- 13 Jul 2026JIP-38 posted on the Jito forumdone
"Confirm Jito as a Token-Centric Network" commits 100% of the DAO's revenue share from the new trading platform to open-market JTO buybacks, and every JTO bought is burned. The platform keeps 20% of its fees for development; the other 80% goes to the DAO.
- 14 Jul 2026Trading platform opens to first usersdone
According to Solana Compass, the platform opened to its first 1,000 waitlisted users. Several outlets reported JIP-38 as approved on 13–14 July; the forum lists it as "OFFICIAL".
- 26 Aug 2026JIP-39 posteddone
"Maximising JitoSOL Performance" proposes moving 25% of JitoSOL delegation, about 2.3M SOL, to Jito-operated validators at 0% commission. It also re-tiers and then winds down the validator subsidy.
- 18 Sep 2026Delegate objection on the forumdone
Delegate "laine" said the proposal "does not meet the threshold". Among their questions was whether the 60bp block-reward assumption holds against 50bp observed over 90 days.
- 20 Sep 2026Author repliesdone
The author said the Foundation and Labs would run the validator together, SIMD-123 has not been implemented, and an updated sensitivity analysis would follow.
- Q4 2026Stake move and full-rate subsidy (if JIP-39 is executed)proposed
The delegation move, limited by the 12.5%-per-cycle cap, is expected to finish in mid-Q4 2026 over four Steward cycles. The subsidy runs at the full rate. JIP-39 takes effect only once the vote is finalised and the changes are executed.
- Q1 2027Subsidy starts halvingproposed
Under JIP-39, the subsidy halves every 10 epochs from Q1 2027.
- Q2 2027Subsidy endsproposed
Under JIP-39, the subsidy ends with the last epoch of Q2 2027.
- Q3 2027Non-platform revenue returns to the DAOproposed
Under JIP-39, 100% of protocol revenue not tied to the trading platform returns to the DAO from Q3 2027.
- Q4 2027JIP-38 review voteplanned
The buyback commitment runs for at least one year, until this review. In Q4 2027, tokenholders vote on how all fee streams are routed.
This shows dates and terms from the forum posts only. It does not show whether JIP-39 will pass, how much JTO has actually been bought back or burned, or where the JTO price will go.
JIP-39: changes to JitoSOL delegation and the subsidy
JIP-39, "Maximising JitoSOL Performance", was posted on 26 August 2026 with the status "OFFICIAL". It has three parts.
1. Delegation
- 25% of JitoSOL delegation, about 2.3M SOL at the time of posting, would move pro rata to Jito-operated validators.
- Those validators would charge 0% inflation commission and 0% MEV commission, and pass block rewards (priority and signature fees) to stakers.
- The move is limited by the existing 12.5%-per-cycle directed staking cap. The post expects it to finish in mid-Q4 2026, over four Steward cycles.
- The proposal estimates JitoSOL yield would rise by about 15 basis points, to about 5.28%. It also says "every 1% of the pool moved adds ~0.6bp of yield".
- Eligible validators must run BAM for at least 6 of the last 10 epochs.
2. Subsidy re-tier (modifies JIP-31)
- The 3M effective-stake cap is replaced by a 2% pool-share ceiling.
- The median subsidy rises 50% for validators with under 100K SOL and 29% for those with 100K–250K SOL.
- The 50K SOL minimum and 3-epoch onboarding stay the same.
3. Wind-down
- The subsidy runs at the full rate in Q4 2026.
- From Q1 2027 it halves every 10 epochs. It ends with the last epoch of Q2 2027.
- From Q3 2027, 100% of protocol revenue not tied to the trading platform returns to the DAO.
- The post puts the subsidy at about $338k per month at the current run-rate, with no extra draw on the treasury.
Open questions on the forum
On 18 September, delegate "laine" said the proposal "does not meet the threshold" of being clearly in the DAO's interest. Among the points they raised:
- Who operates the reference validator.
- Whether the 60bp block-reward assumption holds against 50bp observed over 90 days.
- What Jito itself gains from the extra stake weight.
On 20 September the author replied, among other things, that:
- The Foundation and Labs would run the validator together.
- SIMD-123 has not been implemented.
- An updated sensitivity analysis would follow.
The proposal says it takes effect only once the vote is finalised and the changes are executed.
What to watch next
- Whether JIP-39 goes to a vote, and whether the stake move finishes by mid-Q4 2026 as planned.
- The first on-chain buyback and burn data under JIP-38.
- How the BAM subsidy revenue from Q4 2026 is routed, since JIP-38 leaves that to existing governance.
Crypto assets are volatile and you can lose your capital. Nothing here is investment advice.
