Why did the price of JUP go up?
Jupiter (JUP) increased by 9.27% in the last 24 hours, outperforming the overall crypto market’s 4.5% gain. The main reasons for this growth are:
- Institutional adoption – Anchorage Digital added Jupiter to its Porto wallet on September 30, making it easier and safer for institutions to access decentralized finance (DeFi).
- ETP launch – 21Shares introduced a Jupiter Exchange-Traded Product (ETP) on the Swiss Exchange on September 30, attracting regulated investors.
- Technical rebound – Jupiter’s price moved back above its 7-day simple moving average (SMA) at $0.441 and tested resistance near $0.47.
Deep Dive
1. Institutional Integration (Positive Outlook)
Overview: Anchorage Digital, a crypto custodian managing $3 billion, integrated Jupiter into its institutional wallet, Porto, on September 30. This integration allows users to swap tokens directly through Jupiter’s liquidity without needing outside apps, reducing risks for large investors.
What this means:
- Anchorage’s 450+ institutional clients now have easier access to Solana-based DeFi, which could increase demand for JUP.
- Liquidity improves because Anchorage reported that this integration lowers slippage (price changes during trades) for Solana transactions, making JUP more useful.
What to watch: Look for adoption numbers in Anchorage’s Q3 2025 report, expected in mid-October.
2. ETP Expansion in Europe (Positive Outlook)
Overview: On September 30, 21Shares launched the Jupiter ETP (ticker: AJUP) on the SIX Swiss Exchange. This product allows European investors to gain regulated exposure to JUP with a 2.5% management fee.
What this means:
- This ETP could initially bring in $15–30 million in new investment, based on similar inflows seen with 21Shares’ Solana ETP.
- The launch boosts confidence in Jupiter by placing it alongside well-known altcoins like UNI and AAVE that have regulated investment options.
3. Technical Recovery (Mixed Signals)
Overview: Jupiter’s price bounced back from an oversold condition (RSI14 at 39.8 on October 1) and rose above its 7-day SMA ($0.441). However, it faces resistance at the 30-day SMA ($0.498) and the Fibonacci 23.6% retracement level ($0.538).
What this means:
- Short-term momentum favors buyers, but the 24-hour trading volume ($53.9 million) is still 18% below the 30-day average, indicating cautious market participation.
- The MACD histogram (-0.0057) shows some remaining downward pressure, meaning sustained buying is needed to maintain the upward trend.
Conclusion
Jupiter’s recent price increase is driven by strategic partnerships with institutions and new liquidity from the ETP launch, even as the broader market remains cautious. While technical indicators suggest possible consolidation near $0.50, the Anchorage integration could support longer-term institutional interest.
Key watch: Can Jupiter stay above $0.46 (its 7-day SMA) if Bitcoin’s price becomes more volatile? Keep an eye on Anchorage’s Solana transaction data for early signs of institutional activity.
What could affect the price of JUP?
Jupiter's price is caught between the rapid growth of Solana’s decentralized finance (DeFi) sector and the risks of token dilution.
- Launch of Jupiter Lend & Growing Use – High loan-to-value (LTV) loans could increase fees, which is positive for the token.
- Token Unlocks – Over $32 million worth of tokens becoming available could lead to price drops.
- Solana Ecosystem Growth – A 23% monthly increase in total value locked (TVL) on Solana supports Jupiter’s platform, which is a positive sign.
Deep Dive
1. Jupiter Lend & Institutional Adoption (Positive Outlook)
Overview:
Jupiter Lend entered private beta in August 2025, offering loans with up to 95% loan-to-value ratios. This targets Solana’s $12 billion DeFi market. Integration with Anchorage Digital’s Porto wallet (The Defiant) and the launch of 21Shares’ exchange-traded product (ETP) (Blockworks) make it easier for institutions to participate.
What this means:
Higher fees generated by the protocol (half of which are used to buy back Jupiter tokens) and increased interest from institutional investors could help balance out selling pressure. If adoption grows successfully, Jupiter could see a rally similar to GMX’s 189% increase in 2023 driven by lending.
2. Token Unlocks & Inflation Risks (Negative Outlook)
Overview:
On July 28, 2025, 1.28% of Jupiter’s total token supply—worth over $32 million—was unlocked. Additionally, ASR staking is recycling 215 million unclaimed airdrop tokens. Past unlock events have led to price drops of around 19% (as seen in March 2025).
What this means:
Token holders who stake their tokens need to increase their holdings by 50% just to maintain their share against dilution (CoinMarketCap). Without matching demand, the increased supply could keep Jupiter’s price below the $0.55 resistance level.
3. Solana’s Growth & Jupnet Cross-Chain Plans (Mixed Outlook)
Overview:
Solana’s total value locked (TVL) grew 23% month-over-month to $12 billion. Jupiter processed $142 billion in volume during Q2 2025. The upcoming Jupnet cross-chain testnet (planned for Q4 2025) aims to expand Jupiter’s reach beyond Solana.
What this means:
Jupiter’s price closely follows Solana’s price movements (with a correlation coefficient of 0.87), making it a way to invest in Solana’s growth. However, the success of Jupnet depends on adoption. If it fails to gain traction, Jupiter’s value could be too dependent on Solana’s price swings.
Conclusion
Jupiter’s future depends on balancing the strong momentum in Solana’s DeFi space with the risks from token unlocks and inflation. Short-term gains rely on Jupiter Lend’s adoption to absorb new token supply, while long-term growth requires addressing governance issues (the DAO is paused until 2026).
Will Jupnet’s cross-chain liquidity support its large circulating supply of 3.16 billion tokens, or will dilution shape the story for 2025?
What are people saying about JUP?
The Jupiter community is discussing whether Solana’s growing decentralized finance (DeFi) scene and new lending features can overcome challenges like token unlocks and governance delays. Here’s what’s trending:
- Optimism around Jupiter Lend’s loans with up to 90% loan-to-value (LTV)
- Concerns about token unlocks balanced by steady demand
- Mixed feelings about the temporary pause in DAO governance
Deep Dive
1. @JupiterExchange: Jupiter Lend Beta Launch – Positive Outlook
“Jupiter Lend’s private beta offers loans with up to 95% LTV and a 1% penalty on liquidation, aiming to tap into Solana’s $12 billion DeFi market.”
– @JupiterExchange (1.2M followers · 450K impressions · August 10, 2025)
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What this means: This is a positive sign for JUP because higher loan-to-value ratios can attract traders who borrow more against their assets. This activity generates fees, half of which are used to buy back JUP tokens, potentially supporting the token’s price.
2. @ali_charts: Price Resistance at $0.63 – Mixed Signals
“JUP is struggling to break above $0.63; if it closes above this level, it could rally to $0.76.”
– @ali_charts (380K followers · 210K impressions · July 29, 2025)
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What this means: This is a neutral outlook. Technical indicators like the Money Flow Index (62.70) suggest buying interest, but recent outflows of $1.18 million in 48 hours show some selling pressure.
3. @CoinMarketCap: Token Unlock Impact – Cautious View
“On July 28, 53.47 million JUP tokens (worth $32 million) were released into circulation. Demand absorbed 42% of this without a price crash, but risks of dilution remain.”
– @CoinMarketCap (25M followers · 1.2M impressions · July 29, 2025)
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What this means: This is a cautious or bearish sign in the short term. Historically, token unlocks have led to price drops (like a 19% decline after the March 2025 unlock). However, strong monthly gains (+42%) indicate solid demand that could help offset selling pressure.
Conclusion
Overall, opinions on Jupiter are mixed. The platform benefits from Solana’s booming DeFi ecosystem (with $142 billion in trading volume in Q2), but faces challenges like paused DAO governance until 2026 and token unlocks that can dilute value. The key to watch is whether Jupiter Lend’s public launch in August can generate enough fee revenue to balance out these risks. Additionally, growth in JUP validators and lending adoption could help convince skeptics and strengthen the project’s outlook.
What is the latest news about JUP?
Jupiter is capitalizing on Solana’s growing decentralized finance (DeFi) scene by partnering with institutions and hitting new trading volume records. Here are the key updates:
- Anchorage Wallet Integration (September 30, 2025) – Institutions can now swap Jupiter tokens directly through Anchorage’s secure custody wallet.
- 21Shares ETP Launch (September 30, 2025) – A regulated investment product for Jupiter (JUP) is now available on the Swiss stock exchange.
- DEX Perpetuals Milestone (September 30, 2025) – Solana-based decentralized exchanges reached $21.5 billion in monthly trading volume.
Deep Dive
1. Anchorage Wallet Integration (September 30, 2025)
Overview: Anchorage Digital, a trusted crypto custodian for institutions, has integrated Jupiter into its self-custody wallet called Porto. This means institutional investors can now swap Jupiter tokens directly within the wallet without needing other apps. The goal is to make trading smoother and reduce costs for users on Solana’s DeFi network. Anchorage’s CEO highlighted strong institutional interest in Solana, noting $1.9 billion has flowed into Solana-based investment products so far this year.
What this means: This is a positive development for Jupiter (JUP) because it connects big investors to Solana’s DeFi ecosystem. Anchorage’s regulatory licenses and $3 billion valuation add trust and credibility. (The Defiant)
2. 21Shares ETP Launch (September 30, 2025)
Overview: 21Shares, a company that creates exchange-traded products (ETPs), launched an ETP for Jupiter (ticker: AJUP) on the SIX Swiss Exchange. This product lets European investors buy regulated shares that track Jupiter’s performance. It charges a 2.5% fee and reflects Jupiter’s role as a key liquidity provider on Solana, handling about 90% of decentralized exchange trades on the network.
What this means: This expands Jupiter’s investor base beyond crypto enthusiasts to more traditional investors in Europe. However, the product’s success depends on clear regulations for Solana-based assets in the region. (Blockworks)
3. DEX Perpetuals Milestone (September 30, 2025)
Overview: Jupiter ranked fifth in trading volume for decentralized exchange (DEX) perpetual futures in September, with $21.5 billion traded. It trails behind platforms like Hyperliquid and Aster. This highlights Solana’s strength in supporting high-leverage trading, with total DEX perpetual futures volume reaching $1.05 trillion monthly.
What this means: This is a strong sign of Jupiter’s usefulness as a liquidity platform, though competition is intense. Solana’s low transaction fees and fast processing times are key factors driving this growth. (The Daily Hodl)
Conclusion
Jupiter’s recent partnerships with institutions and record trading volumes reinforce its position as a gateway to Solana’s DeFi ecosystem. Anchorage’s integration brings traditional finance closer, while 21Shares opens doors for regulated European investors. The big question remains: can Solana’s technology keep up with this growth, especially as new AI-driven security threats emerge in DeFi?
What is expected in the development of JUP?
Jupiter’s roadmap is focused on growing its decentralized finance (DeFi) offerings, enabling cross-chain connections, and attracting institutional users.
- Jupiter Lend Launch (Q4 2025) – A lending platform built on Solana offering loans up to 90% of collateral value with low fees.
- JupNet Testnet (Early Q4 2025) – A network to connect liquidity across multiple blockchains like Ethereum and Bitcoin.
- Desktop Wallet Release (Q4 2025) – A new desktop app for managing crypto assets and accessing DeFi features.
- Tokenized Assets Expansion (Ongoing) – Adding tokenized pre-IPO stocks and real-world assets like bonds.
- API & SDK Upgrades (2025–2026) – Improving developer tools for better scalability and security.
Deep Dive
1. Jupiter Lend Launch (Q4 2025)
Overview: Jupiter Lend is a lending service on the Solana blockchain that allows users to borrow up to 90% of their collateral’s value, including Jupiter Liquidity Provider (JLP) tokens. It aims to compete with existing platforms by offering low fees and smart liquidation methods to avoid big market swings.
What this means:
- Positive: This could increase the usefulness of JUP tokens by generating lending revenue and attracting more capital to the platform.
- Caution: Its success depends on how well Solana’s DeFi ecosystem grows and managing risks related to high loan-to-value ratios.
2. JupNet Testnet (Early Q4 2025)
Overview: JupNet is a new liquidity network that will connect Jupiter’s services across different blockchains, including Ethereum, Bitcoin, and Cosmos. It will use partnerships with projects like deBridge and Circle’s Cross-Chain Transfer Protocol (CCTP) to enable this.
What this means:
- Positive: This positions Jupiter as a hub for cross-chain liquidity, helping it expand beyond just Solana and diversify its revenue.
- Caution: Building and maintaining cross-chain connections is technically challenging and faces competition from established protocols like THORChain.
3. Desktop Wallet Release (Q4 2025)
Overview: Jupiter will launch a desktop wallet that offers advanced trading tools, portfolio tracking, and easy access to its DeFi products like spot trading, perpetual contracts, and lending.
What this means:
- Neutral: This improves the user experience but will compete with popular wallets such as Phantom.
- Key factor: Success depends on how many professional traders and institutions adopt the wallet.
4. Tokenized Assets Expansion (Ongoing)
Overview: Jupiter has started offering tokenized versions of pre-IPO stocks like SpaceX and Stripe and plans to add real-world assets (RWAs) such as treasury bonds through partnerships.
What this means:
- Positive: This could attract institutional investors and help bridge traditional finance with DeFi.
- Caution: Regulatory challenges around compliance and custody of these assets remain a concern.
5. API & SDK Upgrades (2025–2026)
Overview: After a major API update in mid-2025, Jupiter will focus on building enterprise-level infrastructure with features like anomaly detection, tiered access controls, and stronger security audits.
What this means:
- Positive: These improvements support better integration with institutional partners, such as Anchorage Digital.
- Caution: The complexity of these upgrades might make it harder for smaller developers to keep up.
Conclusion
Jupiter is evolving from a Solana-based decentralized exchange aggregator into a multi-chain DeFi platform offering lending, cross-chain liquidity, and institutional products. The success of JupNet and Jupiter Lend will be key to expanding beyond Solana’s ecosystem. With governance paused until 2026, the question remains: can Jupiter execute quickly enough to stay competitive in the crowded DeFi space?
What updates are there in the JUP code base?
In 2025, Jupiter (JUP) rolled out three major updates to improve its platform’s scalability, security, and trustworthiness.
- API Overhaul (June 2025) – Introduced new API endpoints with different access levels for paid and free users, but this change required developers to update their integrations.
- Dev Tokens Tab (July 2025) – Added a tool to track tokens created by individual wallets, helping identify potential scams like rug pulls.
- Token Verification v4 (August 2025) – Implemented stricter checks on tokens, cutting down fake listings by about 40%.
Deep Dive
1. API Overhaul (June 2025)
What happened: Jupiter retired older APIs and launched new ones with better features like detecting unusual activity. Paid users get access through api.jup.ag, while free users face tighter limits on lite-api.jup.ag. Some endpoints changed names and formats, meaning developers had to update their apps to keep things working.
Why it matters: This update is positive for Jupiter because more reliable and professional APIs can attract bigger players like institutions. However, the need to update software might be a hassle for smaller developers. (Source)
2. Dev Tokens Tab (July 2025)
What happened: Jupiter Pro added a feature that tracks all tokens created by a single wallet. It looks for suspicious patterns often linked to scams, such as sudden drops in token value (rug pulls). This helps spot repeat offenders across the platform.
Why it matters: This update improves user safety by making it easier to identify risky tokens. While it doesn’t directly increase trading volume, it builds trust in the ecosystem. (Source)
3. Token Verification v4 (August 2025)
What happened: Jupiter tightened the rules for token audits and liquidity requirements. This led to about a 40% drop in fake or low-quality token listings within the first week.
Why it matters: By focusing on token quality and liquidity, Jupiter creates a safer trading environment. This can attract more retail investors and reduce regulatory concerns. (Source)
Conclusion
Jupiter’s 2025 updates show a clear focus on building a professional, secure, and trustworthy platform. While the API changes might challenge some developers, the new tools for spotting scams and stricter token checks strengthen Jupiter’s role as a key liquidity hub on Solana. It remains to be seen if Jupiter will offer incentives to help free-tier developers smoothly transition and keep the community united.