Why did the price of JUP go up?

Jupiter (JUP) increased by 3.70% in the last 24 hours, outperforming the overall crypto market, which rose by 1.11%. This growth is driven by positive technical updates, new partnerships, and ecosystem improvements. Here are the main highlights:

1. Ultra V3 Launch (Positive) – The release of a next-generation trading engine boosted investor confidence.
2. Uniswap Integration (Positive) – Jupiter’s liquidity is now accessible through Uniswap, expanding reach to more users.
3. JupUSD Stablecoin Progress (Mixed) – Partnership with Ethena Labs is moving forward, but some risks remain.

In-Depth Look

1. Ultra V3 Launch (Positive Impact)

What happened: On October 17, 2025, Jupiter introduced Ultra V3, an upgraded trading engine with new features like predictive trade execution, protection against certain types of attacks (MEV), and gasless trading for swaps on the Solana blockchain (JupiterExchange).
Why it matters: These improvements make trading smoother and cheaper, attracting more users to Jupiter’s platform. This increases demand for JUP tokens and strengthens Jupiter’s position as the top decentralized exchange (DEX) aggregator on Solana, handling about $100 million in daily trades without slippage (price changes during trades).
What to watch: How many users adopt Ultra V3 in the coming week.

2. Uniswap Integration (Positive Impact)

What happened: On October 17, 2025, Uniswap added support for Solana swaps using Jupiter’s liquidity, opening Jupiter’s services to Uniswap’s 6 million+ users (The Block).
Why it matters: This cross-chain integration increases trading volume for Jupiter by connecting Solana’s $140 billion monthly DEX volume to Uniswap’s platform. Jupiter acts as the liquidity provider behind the scenes, reinforcing its role as a key gateway to decentralized finance (DeFi) on Solana.

3. JupUSD Stablecoin Progress (Mixed Impact)

What happened: Jupiter is working with Ethena Labs to launch JupUSD, a stablecoin native to Solana. The project is currently undergoing audits and aims for a Q4 2025 launch (CoinJournal).
Why it matters: JupUSD could increase liquidity and usefulness for JUP tokens. However, since it depends on Ethena’s technology, there are risks if their infrastructure faces issues. Additionally, Solana’s history of network outages could affect the stablecoin’s reliability.

Conclusion

Jupiter’s recent price increase reflects positive sentiment around its technical upgrades, expanded access through Uniswap, and plans for a new stablecoin. However, continued growth will depend on the smooth rollout of JupUSD and the overall stability of the Solana network.

Key point to watch: Will JUP stay above its 30-day simple moving average (SMA) of $0.430 to confirm a continued upward trend?

What could affect the price of JUP?

Jupiter’s price is influenced by both positive and negative factors: new product launches bring promise, but upcoming token releases and governance challenges create risks.

1. Product Launches: Features like Ultra V3’s MEV protection and the JupUSD stablecoin could encourage more users.
2. Token Unlocks: A 1.28% token supply release in July 2025 and inflation from staking rewards may put downward pressure on price.
3. Solana Growth: Uniswap’s integration with Solana through Jupiter might increase trading volume, but competition from other decentralized exchanges (DEXs) remains strong.

Deep Dive

1. Protocol Upgrades & Product Launches (Positive Outlook)

Overview:
In October 2025, Jupiter released Ultra V3, which improves how quickly trades are executed and protects users from Miner Extractable Value (MEV) — a type of unfair trading advantage. They also introduced JupUSD, a new stablecoin backed by Ethena Labs’ USDtb, aiming to become a key asset for decentralized finance (DeFi) on the Solana blockchain. Additionally, Jupiter Lend, a lending platform with high loan-to-value ratios, is preparing for public launch, targeting Solana’s $12 billion DeFi market.

What this means:
Better technology and new products can attract more users and investments. For example, previous launches like Jupiter Perps helped generate $82.4 million in fees during Q2 2025 (JupiterExchange).

2. Tokenomics & Supply Risks (Negative Outlook)

Overview:
Jupiter’s token supply will increase by 1.28% in July 2025, releasing about $32 million worth of tokens. Additionally, the Active Staking Rewards (ASR) program recycles unclaimed tokens to voters instead of burning them, which can increase token supply. Currently, only about 23% of Jupiter tokens are staked, limiting buying pressure.

What this means:
Past token unlocks have led to price drops (like a 19% decline in March 2025), indicating ongoing selling pressure. The ASR program’s inflationary nature means stakers need to hold 50% more tokens to avoid losing value, according to community analysis.

3. Solana Ecosystem & Competition (Mixed Outlook)

Overview:
Uniswap connected to Solana through Jupiter’s API in October 2025, directing $140 billion in monthly Solana DEX trading volume to Jupiter. However, other projects like Kamino lead in Solana lending with $2.67 billion in total value locked (TVL), and Pump.fun dominates meme coin trading.

What this means:
Jupiter’s strong position as a trading aggregator (handling over 80,000 swaps daily) could benefit from Solana’s growth. But if Jupiter doesn’t capture lending and meme coin markets, its growth potential might be limited.

Conclusion

Jupiter’s future depends on whether the adoption of Ultra V3 and the usefulness of JupUSD can outweigh the negative effects of token unlocks and inflation from staking rewards. Key indicators to watch in Q4 2025 include the growth of Jupiter Lend’s TVL and changes in Jupiter’s staking rate after governance pauses. The big question: can Solana’s expanding DeFi ecosystem push Jupiter’s price beyond its current $0.35–$0.45 range?

What are people saying about JUP?

The Jupiter (JUP) community is divided between excitement over its new lending protocol and concerns about upcoming token unlocks. Here’s what’s currently trending:

1. Positive outlook on Jupiter Lend’s 90% Loan-to-Value (LTV) loans driving interest in decentralized finance (DeFi).
2. $32 million worth of tokens unlocked, raising fears of dilution despite the price holding steady.
3. Technical analysts are watching a key resistance level at $0.63 that could determine the next price move.
4. DAO governance is paused until 2026, sparking debates about centralization risks.

In-Depth Analysis

1. @JupiterExchange: Launch of Jupiter Lend (Positive)

"Jupiter Lend beta now live with 90% LTV loans and $2M incentives"
– @JupiterExchange (1.2M followers · 42K impressions · August 27, 2025)
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What this means:
This is a positive development for Jupiter (JUP). Offering loans with a high Loan-to-Value ratio (90%) means users can borrow a large amount against their collateral, which could attract more traders looking to leverage their positions. This activity increases fees for the protocol, half of which are used to buy back JUP tokens, potentially supporting the price. However, success depends on how well Jupiter Lend competes with Kamino Finance, which currently holds $2.67 billion in total value locked (TVL).

2. @ali_charts: Impact of Token Unlock (Negative)

"53.47M JUP ($32M) unlocked July 28 – demand absorbed 42% without a crash, but stakers face 50% dilution risk"
– @ali_charts (380K followers · 12K impressions · July 29, 2025)
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What this means:
The recent unlocking of 53.47 million JUP tokens, valued at $32 million, caused some concern. While 42% of the unlocked tokens were absorbed by demand without a price crash, stakers (those who lock up tokens to support the network) face a potential 50% dilution risk if unclaimed tokens are recycled instead of burned. Historically, after a similar unlock in March 2025, JUP’s price dropped by 19%. This suggests bearish pressure could return if token supply increases without matching demand.

3. @CaptainRush: Technical Price Analysis (Neutral)

"Reclaim $0.63 = rally to $0.76. Lose $0.51 = dip to $0.39. RSI neutral at 56.42"
– @CaptainRush (89K followers · 3.1K impressions · July 31, 2025)
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What this means:
From a technical perspective, the price of JUP is at a critical point. If it rises above $0.63, it could continue up to $0.76. But if it falls below $0.51, it might drop further to $0.39. The Relative Strength Index (RSI), a measure of momentum, is neutral at 56.42, indicating no clear trend. JUP has gained 42% over the past month, but this rally could be tested by profit-taking and volatility in Solana’s ecosystem, which influences JUP’s performance.

4. @CMCDavid: Governance Pause Raises Concerns (Negative)

"DAO voting paused until 2026 – team controls 20% supply, sparking decentralization fears"
– @CMCDavid (204K followers · 8.7K impressions · June 20, 2025)
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What this means:
The decision to pause decentralized autonomous organization (DAO) voting until 2026 has raised concerns about centralization. The project team currently controls 20% of the token supply, which could limit community influence on governance decisions. While this pause might reduce short-term selling pressure, it also highlights ongoing trust issues. For example, JUP’s price dropped 75% in the first quarter of 2025 after previous token unlocks, reflecting investor caution.

Conclusion

The outlook for Jupiter (JUP) is mixed. On one hand, the launch of Jupiter Lend and upgrades to the Ultra V3 trading engine are positive signs that could drive growth in Solana’s DeFi space. On the other hand, ongoing token unlocks and governance pauses introduce risks that could weigh on the token’s value. It’s important to watch the JUP/USDC liquidity ratio on Orca—if it falls below 0.8, it might indicate weakening demand after token unlocks. Another key question is whether growth in JUP’s network validators can balance out concerns about governance centralization.

What is the latest news about JUP?

Jupiter is making big moves to grow across different blockchains, update its technology, and adjust its token strategy, all while the market tries to bounce back. Here’s what’s new:

1. Hyperliquid Leads $1.4B Token Buybacks (October 19, 2025) – Jupiter bought back $57.9 million worth of JUP tokens, part of a larger industry trend.
2. Uniswap Adds Solana Support Using Jupiter (October 17, 2025) – Jupiter helps power token swaps, expanding its reach across blockchains.
3. Launch of Ultra V3 Trading Engine (October 17, 2025) – New features improve trade execution and protect users from certain types of attacks.

In-Depth Look

1. Hyperliquid Leads $1.4B Token Buybacks (October 19, 2025)

What happened:
Jupiter spent $57.9 million to buy back about 1.8% of its circulating tokens this year. This is part of a larger $1.4 billion wave of buybacks across the crypto industry. Hyperliquid, a derivatives platform, led the pack with $644.6 million in buybacks, while Jupiter ranked fifth overall.

Why it matters:
Buybacks can reduce the number of tokens available for sale, which may help support the price and show confidence from the project. However, JUP’s price has still dropped 34% over the past 30 days, according to CoinMarketCap. The real effect depends on whether these buybacks can counteract wider market declines.
(MEXC News)

2. Uniswap Adds Solana Support Using Jupiter (October 17, 2025)

What happened:
Uniswap, a popular decentralized exchange, now supports Solana tokens through its web app by using Jupiter’s liquidity aggregator. This means users can trade Solana’s native SOL tokens and other Solana-based tokens (SPL tokens) directly on Uniswap. Jupiter has handled over $2.5 trillion in trading volume so far.

Why it matters:
This integration exposes Jupiter to Uniswap’s more than 6 million users, which could increase demand for JUP and generate more fees. However, Jupiter is acting as a middleman here, connecting liquidity rather than providing it directly.
(Yahoo Finance)

3. Launch of Ultra V3 Trading Engine (October 17, 2025)

What happened:
Jupiter introduced Ultra V3, an upgraded trading engine with several new features: Iris meta-aggregation for routing trades 100 times faster, ShadowLane for transaction privacy, and gasless swaps for trades as small as $10.

Why it matters:
These improvements mean trades can be executed more efficiently and with less cost. The engine also offers protection against “sandwich attacks,” a type of exploit common in decentralized finance. This aligns with Solana’s goal of providing a reliable trading experience.
(The Block)

Conclusion

Jupiter’s efforts to expand across blockchains, upgrade its technology, and buy back tokens show a clear strategy to strengthen its position in Solana’s decentralized finance (DeFi) space. However, with JUP’s price still down 58% over the past year, it remains to be seen if these improvements will lead to a lasting recovery or if broader market challenges will continue to weigh on the token. Keep an eye on upcoming developments like the launch of the JupUSD stablecoin and new lending protocols in the fourth quarter.

What is expected in the development of JUP?

Jupiter is moving forward with key developments:

1. Jupnet Public Testnet (Early Q4 2025) – Testing a new network that connects different blockchains for easier trading and lending.
2. JupUSD Stablecoin Launch (Mid-Q4 2025) – Introducing a new stablecoin on Solana, backed by major partners.
3. DAO Governance Restart (2026) – Updating how the community governs the project after a pause.

Deep Dive

1. Jupnet Public Testnet (Early Q4 2025)

Overview:
Jupnet is a network designed to link multiple blockchains, making it easier to trade and lend assets across them. The public testnet will let users try out features like swapping tokens between Solana and Ethereum and pooling liquidity (Jupiter Q2 Update).

What this means:
This is a positive step for JUP because it expands Jupiter’s services beyond just Solana, which could lead to more users and higher fees. However, there’s a chance of delays or technical issues when connecting different blockchains.

2. JupUSD Stablecoin Launch (Mid-Q4 2025)

Overview:
Jupiter is teaming up with Ethena Labs to launch JupUSD, a stablecoin designed to maintain a steady value and earn yield. It will be backed by BlackRock’s BUIDL fund and later by Ethena’s USDe stablecoin. JupUSD will work with Jupiter’s trading and lending platforms (NullTX).

What this means:
This could increase the usefulness of JUP by attracting more liquidity and institutional investors. On the downside, JupUSD might struggle to gain traction because of strong competition from established stablecoins like USDC.

3. DAO Governance Restart (2026)

Overview:
Jupiter’s decentralized governance (DAO) is paused until 2026 to redesign how decisions are made. The goal is to reduce central control and better involve the community (CoinMarketCap News).

What this means:
In the short term, less community input might slow progress, but in the long run, improved governance could strengthen the project. Risks include delays or disagreements within the community.

Conclusion

Jupiter’s plan focuses on growing its ecosystem with Jupnet and JupUSD while improving governance. Success depends on smooth technical delivery and user adoption. A key question remains: can JupUSD’s yield features compete with well-known stablecoins?

What updates are there in the JUP code base?

In 2025, Jupiter’s platform introduced important improvements to its API, security features, and developer tools to make the system more reliable and trustworthy.

1. API Overhaul (June 2025) – Updated and replaced old APIs, added different access levels, and improved detection of unusual price data.
2. Dev Tokens Tab (July 2025) – Added a tool to monitor wallet activity and spot potential scam tokens.
3. Token Verification v4 (August 2025) – Strengthened token audits, reducing fake listings by 40%.

Deep Dive

1. API Overhaul (June 2025)

Overview: Jupiter retired older versions of its Price and Token APIs and introduced new V3 endpoints. These new APIs filter out abnormal price data and offer tiered access: paid users access the API at api.jup.ag, while free users have limited access at lite-api.jup.ag with stricter usage limits.

The previous /limit/v2 endpoint was replaced by /trigger/v1, which requires developers to update their code for order execution. Also, the response format changed from using tx to transaction, which means older integrations won’t work without updates.

What this means: This update is positive for Jupiter (JUP) because better API reliability can attract larger institutional users. However, smaller developers might face challenges adapting to the new system. (Source)

2. Dev Tokens Tab (July 2025)

Overview: Jupiter Pro introduced a new feature that tracks all tokens created by a single wallet. It flags suspicious activity, such as quick removal of liquidity, which is often a sign of scams.

This feature checks wallet activity across Jupiter’s platform, including token swaps and liquidity pools, to help users avoid risky tokens.

What this means: This update is neutral for JUP’s growth—it improves user safety but doesn’t directly increase revenue or trading volume. (Source)

3. Token Verification v4 (August 2025)

Overview: Jupiter’s fourth version of token verification introduced stricter audit requirements and higher minimum liquidity standards. This led to a 40% drop in fake token listings within the first week.

Now, projects must pass third-party audits and maintain a certain liquidity pool size to be verified on the platform.

What this means: This is a positive step for Jupiter (JUP) because safer trading conditions can attract more retail users and reduce regulatory concerns. (Source)

Conclusion

Jupiter’s 2025 updates focus on improving scalability, security, and trust within its ecosystem—essential for maintaining its role as Solana’s main liquidity provider. While the API changes may challenge some developers, the stricter token verification process strengthens Jupiter’s position in decentralized finance (DeFi).

Looking ahead, it will be interesting to see how Jupiter balances introducing new features with keeping compatibility for existing users.