TheBlock
Jito Foundation President Brian Smith says JTX plans to ship an equities feature within two weeks, launch a mobile app later this fall and potentially add perpetual futures later this winter. The Solana-based trading app launched in July with spot trading for cbBTC, SOL, HYPE and memecoins, alongside tokenized equities and ETFs.
Why it matters
JTX is positioning itself beyond the fast-moving memecoin trade. Smith described the app as a “permissionless Robinhood” aimed at longer hold times and competitive fees, contrasting its approach with Solana apps that he said can feel like a casino. The team is also mining onchain data for a planned in-app discovery feature, with two full-time data scientists working on it.
The product’s fee model links usage to Jito DAO: 80% of revenue goes to the DAO to buy back and burn JTO, while 20% is distributed to referrers. That structure gives the app’s trading activity a direct connection to JTO, though Smith did not disclose trading volumes since launch.
Market impact
The near-term roadmap puts equities and mobile ahead of derivatives. Smith said JTX sees room to differentiate on spot features first, while acknowledging Solana still has work to do on perps. He credited Hyperliquid with bringing centralized-exchange traders onchain and called Solana “king” in spot.
For Solana’s trading-app market, the next signals are whether JTX delivers the equities feature and mobile app on its stated timeline, and whether its discovery tools can draw users beyond memecoin trading. Perps remain a later-stage ambition, not an announced launch date.
Frequently asked questions
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What features does JTX plan to launch before perpetual futures?
JTX plans to ship an equities feature within two weeks and launch a mobile app later this fall. Smith said perpetual futures may come later this winter.
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How does JTX allocate revenue from trading fees?
The app allocates 80% of revenue to the Jito DAO for JTO buybacks and burns, and distributes 20% to referrers.
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Which assets and products were available on JTX at launch?
The Solana-based app launched with spot trading for cbBTC, SOL, HYPE and memecoins, alongside tokenized equities and ETFs.
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What is JTX building to help users discover trades?
JTX is developing an in-app discovery feature. Smith said two full-time data scientists are mining onchain data for the feature.
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How does JTX distinguish its trading approach from other Solana apps?
Smith described JTX as a permissionless Robinhood built for longer hold times and competitive fees, rather than an app centered on early-stage memecoins.
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