Part 7/9:
GTO emerged as a contender in the DeFi space, focused on liquid staking and Maximal Extractable Value (MEV) strategies. Founded by Lucas Brutder and Zana Shawani in 2021, it has rapidly garnered attention, leveraging Solana’s capabilities to facilitate staking with lucrative returns.
With a peak total value locked (TVL) of around $4 billion, GTO has positioned itself well, tapping into the broader DeFi market within Salona. Its governance token, JTO, can participate in protocol decisions and access exclusive benefits, invigorating community engagement. A breakout above its resistance level could see JTO returning to its previous all-time high of approximately $5.5, or potentially surpassing to hit $10, translating to significant market cap gains.