What could affect the price of JUP?
Jupiter's price is caught between the growth of the Solana network and some risks related to its own token economics.
- Jupiter Lend Launch – Offering loans with high loan-to-value ratios could increase fees and token buybacks.
- Token Unlocks – $32 million worth of tokens unlocking in July could lead to dilution unless demand rises.
- DAO Governance Pause – Pausing community voting raises concerns about centralization, even though it reduces short-term selling pressure.
Deep Dive
1. Product Expansion vs. Inflation (Mixed Impact)
Overview:
Jupiter Lend is launching in August 2025, allowing users to borrow up to 95% of their collateral’s value. Half of the fees collected will be used to buy back Jupiter (JUP) tokens. However, to make this successful, Jupiter needs to attract users from competitors like Kamino Finance, which currently holds $2.67 billion in total value locked (TVL). This is important because a large token unlock worth $32 million is scheduled for July 28, which could increase the number of tokens in circulation and put downward pressure on the price.
What this means:
If Jupiter Lend gains traction, the fees generated could create demand for JUP tokens through buybacks. But past experience shows that after a similar token unlock in March 2025, JUP’s price dropped by 19%. Additionally, the ASR program, which recycles tokens to reward stakers, may cause inflation, meaning stakers need 50% more JUP tokens to earn the same rewards (Tokenomist).
2. Solana Ecosystem Dependency (Bullish)
Overview:
The Solana blockchain’s decentralized finance (DeFi) sector has grown to $12 billion in TVL, a 23% increase month-over-month. Jupiter processed $142 billion in transaction volume during the second quarter. Solana’s network is also becoming more secure with more validators, and Jupiter ranks 7th among them. Additionally, the possibility of a Solana (SOL) exchange-traded fund (ETF) could boost the entire ecosystem, including JUP.
What this means:
As the leading decentralized exchange (DEX) aggregator on Solana, Jupiter benefits from the network’s growth. Historically, every 10% increase in SOL’s price has led to a 6-8% rise in JUP’s price. However, competition exists, such as PumpSwap, which dominates 65% of the meme coin market on Solana (Blockworks).
3. Governance Centralization (Bearish)
Overview:
Jupiter’s decentralized autonomous organization (DAO) voting is paused until 2026 after a controversial split where the team holds 53% of tokens and the community 47%. While this pause reduces immediate selling pressure from voters, it raises concerns about centralization and weakens the claim that Jupiter is community-driven.
What this means:
The governance changes in March 2025 were followed by a 75% price drop in the first quarter. With 42% of July’s token unlock absorbed without a price rebound, investors are worried whether centralized control can effectively manage the ongoing release of 50 million JUP tokens per quarter for staking rewards (CryptoNewsLand).
Conclusion
Jupiter’s future depends on whether the fees generated by Jupiter Lend can offset the dilution caused by token unlocks and staking emissions by the end of 2025. Meanwhile, positive momentum from Solana’s potential ETF could help counter doubts about governance. Technical indicators show the token is oversold (RSI 40.49), but the $0.515 price level remains a key resistance point.
Will Jupiter’s role as a validator and its lending platform adoption be enough to overcome its tokenomics challenges?
What are people saying about JUP?
The Jupiter community is divided between excitement over its new lending protocol and concerns about upcoming token unlocks. Here’s what’s trending:
- Optimism around Jupiter Lend’s launch offering loans up to 90% of asset value
- Mixed feelings about $32 million worth of tokens being unlocked and a pause in DAO governance
- Price action uncertainty with resistance near $0.63 and support around $0.51
Deep Dive
1. @JupiterExchange: Launch of Lend Beta and growing validator presence 🚀
“Jupiter is now the 7th-largest validator on Solana, and Lend Beta offers loans with up to 95% loan-to-value (LTV). Half of the fees collected go toward buying back JUP tokens.”
– @JupiterExchange (382K followers · 1.2M impressions · 2025-08-02 18:59 UTC)
View original post
What this means: This is positive for JUP because becoming a top validator strengthens Jupiter’s role in the Solana network. Plus, using fees to buy back tokens may reduce selling pressure, potentially supporting the token price.
2. @ali_charts: Price struggles at $0.63 resistance signal caution 🛑
“JUP is facing strong resistance at $0.63. If it closes above this level daily, it could rally to $0.76. But if it falls below $0.51 support, the price might drop to $0.39.”
– @ali_charts (89K followers · 450K impressions · 2025-07-29 01:13 UTC)
View analysis
What this means: The price is currently consolidating, meaning it’s moving sideways. Traders should watch these key levels closely, as breaking them could lead to significant price moves.
3. @AMBCrypto: Token unlocks test market sentiment ⚖️
“On July 28, 53.47 million JUP tokens worth $32 million were unlocked. The market absorbed 42% of these tokens without a crash, but there’s a risk that staking rewards could cause inflation.”
– @AMBCrypto (220K followers · 680K impressions · 2025-07-29 00:00 UTC)
View report
What this means: There’s some risk that if stakers don’t balance out the new tokens entering the market, the token price could fall. However, the current buying activity shows optimism about Jupiter’s role in Solana’s decentralized finance (DeFi) ecosystem.
Conclusion
Opinions on JUP are mixed. On one hand, Solana’s $12 billion total value locked (TVL) in DeFi supports growth potential. On the other, concerns about governance pauses and token supply increases create uncertainty. Keep an eye on the $0.63 price level—breaking above it could signal renewed confidence in Jupiter’s vision as a leading DeFi platform, while failure to hold it might lead to profit-taking before upcoming protocol updates in Q3.
What is the latest news about JUP?
Jupiter is growing its ecosystem carefully and optimistically. Here’s what’s new:
- Token Buybacks Start (September 17, 2025) – Half of the platform’s fees now go to buying back JUP tokens, which are locked for three years.
- Lend Protocol Beta Launch (August 6, 2025) – Private beta for high-value loans on Solana’s network.
- Pre-IPO Stocks Added (August 6, 2025) – Tokenized shares of companies like SpaceX and OpenAI can now be traded on Jupiter.
Deep Dive
1. Token Buybacks Start (September 17, 2025)
What’s happening:
Jupiter is using 50% of its fees (which totaled $82.4 million in Q2 2025) to buy back JUP tokens. These tokens are then locked up for three years. This follows a growing trend in crypto where projects use their revenue to support their token’s value.
Why it matters:
This is good news for JUP holders because it links the token’s demand directly to how much the platform is used. It also helps reduce the number of tokens being sold right away. However, since the tokens are locked for three years, the benefits won’t be immediate. The platform needs to keep growing its revenue to keep this strategy effective. (Millionero Magazine)
2. Lend Protocol Beta Launch (August 6, 2025)
What’s happening:
Jupiter Lend launched a private beta with loans up to 95% of the asset’s value and a 1% penalty if loans are liquidated. It’s aimed at users on Solana’s decentralized finance (DeFi) platform. Six lending vaults are limited to $1 million each during this test phase.
Why it matters:
This could be positive for JUP, as lending services might bring in new users. But Solana’s DeFi space is competitive, with projects like Kamino and Marginfi already established. Jupiter’s success may depend on features like paying back loans from multiple wallets and optimizing yields. The full public launch in August will be important to watch. (JupiterExchange)
3. Pre-IPO Stocks Added (August 6, 2025)
What’s happening:
Jupiter teamed up with PreStocks to offer tokenized shares of companies before their initial public offerings (IPOs), including SpaceX and OpenAI. These can be traded through a special section in the Jupiter app.
Why it matters:
This expands Jupiter’s offerings beyond just cryptocurrencies, potentially attracting traditional investors curious about digital assets. There are regulatory risks around trading fractional shares, but Solana’s fast network makes it a good fit for this type of trading. (PreStocks)
Conclusion
Jupiter is pushing forward with new DeFi features like token buybacks and lending, while also branching out into tokenized real-world assets. The big question is whether its lending and stock offerings can stand out in Solana’s competitive market. Keep an eye on user numbers after the full launch of the lending protocol in Q3.
What is expected in the development of JUP?
Jupiter’s development plan is focused on growing its decentralized finance (DeFi) offerings and expanding its ecosystem:
- Jupiter Lend Public Launch (Q4 2025) – A permissionless lending platform offering loans up to 90% of your collateral’s value.
- Jupnet Testnet (Early Q4 2025) – A new network enabling asset swaps across different blockchains.
- Desktop Wallet Release (Q4 2025) – A single app to manage all your Jupiter assets and activities.
- Jup Mobile Stealth Updates (September 2025) – Improved user experience with features like gasless transactions.
- Two New Products (Coming Soon) – Unannounced tools aimed at advanced users and institutions.
In-Depth Look
1. Jupiter Lend Public Launch (Q4 2025)
What it is
Jupiter Lend is a decentralized lending platform built with Fluid technology. It allows users to borrow up to 90% of their collateral’s value with very low penalties if loans need to be liquidated. After testing privately in August 2025, the public launch will add features like Multiply Vaults and rewards from over 10 partners in the ecosystem (CoinMarketCap).
Why it matters
This expands Jupiter’s use beyond simple token swaps, attracting more capital into Solana’s DeFi space. However, it faces competition from other platforms like Kamino and depends on Solana’s network staying stable.
2. Jupnet Testnet (Early Q4 2025)
What it is
Jupnet is a new liquidity network that allows users to swap assets like Bitcoin (BTC) and Ethereum (ETH) across different blockchains using Solana’s technology. The public testnet will let users try these cross-chain swaps (Q2 Token Holder Update).
Why it matters
If successful, Jupiter could become a key player in cross-chain trading. But its success depends on how well users adopt it and how smoothly the technology works.
3. Desktop Wallet Release (Q4 2025)
What it is
Jupiter will launch a desktop wallet that combines all its services—swaps, lending, and portfolio tracking—into one easy-to-use app, aimed at more active users (Q2 Report).
Why it matters
This makes it easier for users to manage their assets and could lead to more activity on Jupiter’s platform.
4. Jup Mobile Stealth Updates (September 2025)
What it is
Recent updates to Jupiter’s mobile app include gasless transactions (no fees for certain actions), faster interface, and Universal Send, which lets users transfer assets between wallets seamlessly. A secret update planned for late September hints at deeper DeFi features (X Post).
Why it matters
These improvements help keep users engaged but may not immediately increase revenue.
5. Two New Products (Coming Soon)
What it is
Jupiter’s team is working on two new, undisclosed products aimed at advanced users and institutional traders, referred to as “alpha secrets” (X Post).
Why it matters
These products could open up new opportunities and attract more serious traders, though delays in revealing details might reduce excitement.
Conclusion
Jupiter is focusing on deepening its ecosystem with lending and cross-chain capabilities while improving user experience through new wallets. The pause on decentralized governance until 2026 means decisions are currently more centralized. With Solana’s DeFi market reaching $12 billion in total value locked (TVL), Jupiter’s upcoming features will be key to competing with rivals like PumpSwap for market share and community attention.
What updates are there in the JUP code base?
Jupiter’s codebase received three major updates in mid-2025, focusing on improving API scalability, security, and user safety.
- Token Verification v4 (August 2025) – Implemented stricter checks that cut fake token listings by about 40%.
- Dev Tokens Tab (July 2025) – Added a feature to monitor wallet activity to spot potential scams like rug-pulls.
- API Overhaul (June 2025) – Upgraded to V3 API endpoints with tiered access and better detection of unusual activity.
Deep Dive
1. Token Verification v4 (August 2025)
Overview: Jupiter’s fourth version of token verification introduced tougher audits and liquidity rules. This helped reduce fake token listings by roughly 40% within the first week.
The system now cross-checks project audits, team credibility, and liquidity levels. It also flags tokens with unusual bonding curves or suspicious metadata.
What this means: This is positive for JUP because safer trading conditions can attract more everyday users and lower regulatory risks. (Source)
2. Dev Tokens Tab (July 2025)
Overview: In partnership with Meteora, Jupiter added a feature that tracks all tokens launched by individual wallets, helping identify repeat offenders who pull scams.
The update flags wallets that create multiple tokens with sudden liquidity withdrawals or manipulated prices.
What this means: Neutral for JUP — it improves user safety but doesn’t directly increase trading volume. (Source)
3. API Overhaul (June 2025)
Overview: Jupiter retired older APIs (Price V2, Token V1) and moved to V3 endpoints that include outlier detection and tiered rate limits.
Free-tier developers now use lite-api.jup.ag with stricter limits, while paid users access api.jup.ag. This change broke backward compatibility, requiring developers to update their code for endpoints like /trigger/v1.
What this means: Positive for JUP in the long run, as institutional users get more reliable access, though smaller developers may face some frustration during the transition. (Source)
Conclusion
Jupiter’s 2025 updates focus on security, user safety, and building a scalable infrastructure. While Token Verification v4 and the API Overhaul strengthen its appeal to institutions, the Dev Tokens Tab helps reduce risks in the ecosystem. These improvements could help JUP grow as a key player in Solana’s decentralized finance (DeFi) space.