Solana Usage Is Exploding... When Will SOL Follow?

Watch on YouTube ↗  |  August 12, 2026 at 18:45  |  26:19  |  Milk Road Macro
Speakers
Rebecca Rettig — Chief Legal & Policy Officer, Polygon Labs

Summary

Rebecca Rettig discusses crypto regulatory clarity, including the Clarity Act's status and expected SEC/CFTC action. She then covers Solana's rising usage and why SOL price remains disconnected, before detailing Jito's ecosystem: JitoSOL institutional adoption, the JTX non-custodial trading interface, and JTO token fee alignment and buyback/burn plans. The main market implications are a constructive setup for Solana, JitoSOL, and JTO.

  • Clarity Act missed a pre-recess vote but has a September 15 procedural vote and ongoing lobbying; Polymarket odds were around 35%.
  • SEC/CFTC Project Crypto is expected to provide more crypto regulatory clarity, including possible token sale and investment contract rulemaking.
  • Solana transaction volume and on-chain DEX/prop AMM usage are rising while SOL price remains disconnected.
  • JitoSOL institutional adoption is driven by proactive compliance, securities classification work, tax guidance, and existing ETF inclusion.
  • JTX is Jito's new non-custodial on-chain trading interface aimed at retail and expanding Jito's market/trading layer.
  • JTO token economics include 80% of JTX fees going to the DAO, other fee streams, and a proposed buyback/burn program.
  • TradFi banks may accelerate crypto innovation once regulatory clarity improves.
Ideas
Rebecca Rettig Chief Legal & Policy Officer, Polygon Labs 10:17
Solana usage rising while SOL lags.
Solana transaction volume and network usage are climbing again, with activity shifting away from centralized venues toward on-chain decentralized exchanges and prop AMMs. Solana was built for high-throughput internet capital markets, but the SOL token price has not yet reflected this on-chain utility; she views this as an upcoming evolution in how token prices incorporate usage, making it a key setup to watch.
SOL MED
Rebecca Rettig Chief Legal & Policy Officer, Polygon Labs 15:33
JitoSOL institutional adoption driven by compliance.
JitoSOL has gained institutional adoption because Jito proactively answered institutional legal/compliance concerns: it was the first private company to engage the SEC crypto task force in February 2025, published a securities classification report and tax treatment guidance, and JitoSOL is already included in an ETF. Jito also expects further ETF innovation, including potential qualification under new rules allowing 15% other digital commodity exposure.
JITOSOL HIGH
Rebecca Rettig Chief Legal & Policy Officer, Polygon Labs 19:50
JTO captures fees and planned burns.
JTX is Jito's newly launched non-custodial, fully on-chain trading interface that brings Jito's institutional-grade infrastructure and trustworthy execution to retail. It is built on Solana's market structure and aims to offer broad asset choice, price transparency, and low slippage, with a roadmap that includes on-chain equities; this expands Jito's consumer/trading layer and can drive more fee-generating activity into the Jito ecosystem.
JTO HIGH
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This Milk Road Macro video, published August 12, 2026, features Rebecca Rettig discussing SOL, JITOSOL, JTO. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Rebecca Rettig  · Tickers: SOL, JITOSOL, JTO