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What is expected in the development of JUP?

Jupiter’s roadmap is focused on growing its decentralized finance (DeFi) services and expanding its ecosystem:

  1. Jupnet Testnet (Early Q4 2025) – A network that connects different blockchains to enable easy token swaps across them.
  2. Jupiter Lend Launch (Q4 2025) – A lending platform on Solana offering loans with high loan-to-value ratios.
  3. JupUSD Stablecoin (Q4 2025) – A new stablecoin that earns yield, created in partnership with Ethena Labs.
  4. Jupuary Airdrop (November 2, 2025) – Annual token giveaway to active users.
  5. Governance Revamp (Early 2026) – Changes to how the community votes and makes decisions.

Deep Dive

1. Jupnet Testnet (Early Q4 2025)

Overview: Jupnet is designed to bring together liquidity from different blockchains, allowing users to swap tokens across chains without relying on bridges. The public test version will launch in early Q4 2025, initially focusing on connecting Solana and Ethereum (Jupiter Q2 Report).
What this means: This is positive for JUP because it could attract large investors by making cross-chain trading easier. However, new technology rollouts can be risky and may cause short-term price swings.

2. Jupiter Lend Launch (Q4 2025)

Overview: Jupiter Lend will offer loans where borrowers can get up to 90% of their collateral’s value, which is higher than most platforms. The fees will be low at 0.1%. A private beta started in August 2025, with a full launch planned for late Q4 (CryptoNews).
What this means: This adds more use cases for JUP, but the high loan-to-value ratio could increase risks if collateral values drop suddenly.

3. JupUSD Stablecoin (Q4 2025)

Overview: Jupiter is partnering with Ethena Labs to launch JupUSD, a stablecoin native to Solana that also earns yield. It will be supported by BlackRock’s BUIDL fund and USDe. At launch, $750 million in USDC from Jupiter’s liquidity pool will convert to JupUSD (NullTX).
What this means: This could strengthen Jupiter’s ecosystem by keeping users engaged, but maintaining the stablecoin’s value during volatile markets will be crucial.

4. Jupuary Airdrop (November 2, 2025)

Overview: This yearly token distribution rewards users who interacted with Jupiter before the cutoff date. The 2025 airdrop will also consider new factors like staking activity with JupSOL (Genesis Post).
What this means: This encourages community participation but could lead to selling pressure if recipients decide to cash out their tokens.

5. Governance Revamp (Early 2026)

Overview: After a pause in decentralized governance, Jupiter plans to restart with simpler proposal processes and fewer working groups. An initial vote will decide on burning 121 million JUP tokens (about 3.8% of supply) held in the Litterbox Trust (Binance News).
What this means: If these changes improve how decisions are made, it’s positive. But if it feels like control is becoming too centralized, it could be negative.

Conclusion

Jupiter is evolving from just a decentralized exchange (DEX) aggregator into a full DeFi platform. The launches planned for Q4 2025—Jupnet, Jupiter Lend, and JupUSD—along with community rewards like the Jupuary airdrop, are key milestones. The governance changes in 2026 will be important to watch for how decentralized the platform remains. One big question is how JupUSD will compete with established stablecoins like USDC on Solana.

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What updates are there in the JUP code base?

Jupiter’s software received important updates in mid-2025, focusing on making its system more scalable, secure, and safer for users.

  1. Token Verification v4 (August 2025) – Cut down fake token listings by 40% through stricter checks.
  2. API Overhaul (June 2025) – Introduced tiered access and better detection of unusual activity for more reliable service.
  3. Dev Tokens Tab (July 2025) – Identified repeated scam attempts by tracking wallet behavior.

Deep Dive

1. Token Verification v4 (August 2025)

Overview: This update made token audits and liquidity requirements tougher, reducing fake tokens by about 40% in just the first week.

It added stronger checks on project audits and liquidity levels, filtering out low-quality tokens. It also analyzed activity across different blockchains and monitored bonding curves to spot suspicious launches.

What this means: This is good news for Jupiter (JUP) because safer trading conditions can attract more everyday users and lower the chance of regulatory problems. (Source)

2. API Overhaul (June 2025)

Overview: Jupiter retired older API versions (Price V2, Token V1) and launched new V3 endpoints with features to detect unusual activity.

Paid users now access the main API at api.jup.ag, while free users use lite-api.jup.ag with stricter limits on usage. Some older endpoints were removed, so developers had to update their code for order execution.

What this means: This change is neutral for Jupiter—paid users get better reliability, which may attract bigger clients like institutions, but the need to update code could discourage smaller developers. (Source)

3. Dev Tokens Tab (July 2025)

Overview: This feature tracks all tokens created by individual wallets to spot repeated scam attempts, like “rug pulls” where developers suddenly withdraw liquidity.

Built with the #Meteora LPArmy community, it flags suspicious bonding-curve activity (such as quick liquidity withdrawals) and checks wallet histories across Jupiter’s platform.

What this means: This is neutral for Jupiter—while it doesn’t directly increase trading volume, it improves user safety and builds trust in the platform. (Source)

Conclusion

Jupiter’s 2025 updates focus on improving security and scalability, aiming to appeal to both big institutional users and everyday traders. Although the API changes might complicate things for some developers, the stronger token verification makes Jupiter a safer place to trade on Solana. The big question is how these improvements will affect Jupiter’s position in Solana’s decentralized finance (DeFi) space as competition grows.


What could affect the price of JUP?

Jupiter is working to grow its products while managing risks related to its token supply.

  1. Prediction Market Launch – The beta version of Jupiter’s F1 prediction market reached $120K in trading volume quickly. A full launch planned for Q4 could increase fees and revenue.
  2. DAO Governance Risks – Large token unlocks in 2026 and concerns about team token allocations raise fears of token dilution.
  3. Solana DeFi Growth – Jupiter remains the top aggregator on Solana, benefiting from the platform’s growing decentralized finance (DeFi) ecosystem.

Deep Dive

1. Prediction Market Expansion (Positive Outlook)

Overview: Jupiter recently launched a beta prediction market for the F1 Mexico Grand Prix, generating $120K in trading volume within days. They partnered with Kalshi, a regulated platform, to ensure compliance and liquidity. The full version is expected in Q4 2025. This market taps into the growing crypto prediction sector, which sees over $2 billion in weekly trading volume (CoinJournal).

What this means: If the prediction market gains traction, it could bring in new revenue through trading fees and attract more users to Jupiter’s platform. Increased fees could be used to buy back JUP tokens (50% of fees go to buybacks as per DAO rules), helping to reduce selling pressure on the token.

2. Token Unlocks & Governance Tensions (Caution Advised)

Overview: In January 2026, 700 million JUP tokens (about 22% of the circulating supply) will become available through the Jupuary airdrop. Additionally, team and strategic reserves totaling 1.4 billion JUP will start vesting the same year. A recent vote by the Jupiter DAO changed the team-to-community token split to 53:47 by 2030, raising concerns about too much control being held by insiders (Jupiter DAO Discussion).

What this means: These large token unlocks could lead to dilution if demand doesn’t keep up with the new supply. While staking rewards (50 million JUP per quarter) encourage holding tokens, worries about governance fairness might discourage new investors.

3. Solana’s DeFi Leadership (Mixed Outlook)

Overview: Solana’s total value locked (TVL) in DeFi projects has grown to $12 billion, a 23% increase month-over-month. Jupiter processed $142 billion in trading volume in Q2. However, competitors like Meteora (launching the MET token) and Pump.fun (with $138 million in buybacks) are challenging Jupiter’s market share (CoinGecko).

What this means: Jupiter benefits from Solana’s growing liquidity but faces strong competition. Its upcoming cross-chain network, Jupnet (testnet expected in Q4), could help expand its reach if executed well.

Conclusion

JUP’s price will depend on how well Jupiter balances growing its products—like prediction markets and lending—against the risks of token dilution from upcoming unlocks. Positive events like a Solana ETF approval or a shift in the altcoin market could boost the token’s value, while governance issues might keep sentiment negative.

Watch: Will the launch of Jupiter Lend, offering loans with up to 90% loan-to-value (LTV), help offset the impact of $32 million in token unlocks expected in Q4?


What are people saying about JUP?

The Jupiter community is divided between excitement over its new lending protocol and frustration with governance delays. Here’s what’s trending:

  1. Jupiter Lend’s 90% loan-to-value (LTV) loans are encouraging optimistic bets, despite risks from a $32 million token unlock.
  2. The $0.63 price level is a key resistance point that traders are watching closely.
  3. DAO governance is paused until 2026, sparking concerns about centralization.

Deep Dive

1. @JupiterExchange: Positive Outlook on Lending Protocol Launch

"Jupiter Lend’s private beta offers loans up to 95% of asset value, aiming to tap into Solana’s $12 billion decentralized finance (DeFi) market. The public launch in August will include Multiply vaults and $2 million in incentives."
– @JupiterExchange (183K followers · 1.2M impressions · 2025-08-09 12:07 UTC)
View original post
What this means: This is a positive sign for Jupiter (JUP). High LTV loans could increase fees for the protocol, half of which will be used to buy back tokens. However, the benefits depend on enough users adopting the platform to balance out the impact of a 1.28% token unlock, which could increase supply and pressure the price.

2. @ali_charts: Mixed Signals at $0.63 Resistance

"JUP is facing strong resistance at $0.63. If it breaks above this level, it could rally 20% to $0.76. If it fails, the price might drop to $0.39."
– @ali_charts (478K followers · 650K impressions · 2025-07-29 01:13 UTC)
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What this means: The short-term outlook is uncertain. The price movement depends on how well Solana’s DeFi ecosystem can absorb selling pressure from the recent $32 million token unlock in July.

3. Blockworks Research: Governance Pause Seen as Negative

"DAO voting is paused until 2026 after controversial proposals shifted token control to 53% team and 47% community, raising concerns about loss of decentralization."
– Blockworks Research (92K followers · 310K impressions · 2025-06-20 10:10 UTC)
View original post
What this means: This is a negative sign for the long term. Centralized control could push away token holders who value decentralization. On the upside, it may reduce immediate selling pressure linked to governance token unlocks.

Conclusion

Opinions on Jupiter (JUP) are mixed. The growth of Solana’s DeFi market and the launch of Jupiter Lend bring positive momentum, but concerns about token dilution and governance centralization weigh on sentiment. Keep an eye on the $0.63 price level—breaking above it could confirm bullish trends, while failing to do so might lead to more selling. Also, watch how the upcoming Jupnet omnichain testnet in Q4 affects demand across different blockchains.


What is the latest news about JUP?

Jupiter is making moves on Solana’s decentralized finance (DeFi) scene by launching prediction markets and boosting token buybacks. Here’s what’s new:

  1. Prediction Market Beta Launch (October 23, 2025) – Partnered with Kalshi to let users bet on the F1 Mexico Grand Prix, testing real-world event trading.
  2. $160M+ Token Buybacks (October 22, 2025) – Jupiter and Raydium led large buybacks on Solana decentralized exchanges (DEXs) to help stabilize the token supply.

Deep Dive

1. Prediction Market Beta Launch (October 23, 2025)

Overview
Jupiter teamed up with Kalshi, a regulated U.S. trading platform, to launch a beta version of a prediction market. The first event lets users bet on who will win the F1 Mexico Grand Prix, with Max Verstappen currently favored at 46% odds. The initial trading volume reached $120,000, and a full launch is planned for the last quarter of 2025. Kalshi is a well-established player, valued at $5 billion and recently raised $300 million, adding trust to the partnership.

What this means
This is a positive development for JUP because it expands Jupiter’s offerings beyond simple token swaps. Prediction markets are growing fast, with $2 billion in weekly trading volume as of October 2025. Working with a regulated platform like Kalshi lowers legal risks, and Jupiter could increase the usefulness of its token by linking it to prediction market features, such as staking JUP for special benefits. (Cointelegraph)

2. $160M+ Token Buybacks (October 22, 2025)

Overview
Jupiter and Raydium spent over $160 million buying back tokens in 2025, according to CoinGecko data. Buybacks reduce the number of tokens available on the market, which can help support the token’s value. Jupiter’s treasury dedicated half of its on-chain revenue to buying back JUP tokens, and so far, 62 million JUP tokens have been permanently removed from circulation (burned) this year.

What this means
This move is somewhat positive for JUP. Buybacks can reduce selling pressure, but the token’s price has still dropped 32% over the past 90 days, showing that broader market challenges are affecting it. The key to success will be Jupiter’s ability to keep generating revenue (it made $82.4 million in Q2 2025) to continue funding buybacks in the future. (U.Today)

Conclusion

Jupiter is betting on prediction markets to grow its presence on Solana while using token buybacks to fight bearish trends. The big question is whether the full launch of the F1 prediction market will attract enough trading volume to offset the overall weakness in the crypto market. Traders are watching JUP’s $0.357 support level and Kalshi’s liquidity to gauge what’s next.

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Why did the price of JUP go up?

Jupiter (JUP) increased by 2.51% in the last 24 hours, outperforming the overall crypto market’s modest 1.18% gain. The main reasons behind this rise are:

  1. Launch of Prediction Market Beta – Jupiter, a Solana-based decentralized exchange (DEX) aggregator, introduced a new predictions platform in partnership with Kalshi, generating over $120,000 in trading volume on the Formula 1 Mexico Grand Prix market.
  2. Token Buybacks – Jupiter, along with Raydium, spent more than $160 million on buying back JUP tokens in 2025, helping reduce the number of tokens available and easing selling pressure.
  3. Technical Recovery – The token showed signs of being oversold, with a Relative Strength Index (RSI) of 37.26, and bounced back near a key support level at $0.3482, attracting short-term buyers.

Deep Dive

1. Prediction Market Launch (Positive Outlook)

Overview: On October 22, 2025, Jupiter launched a beta version of its prediction market in collaboration with Kalshi, a regulated platform. The first market lets users bet on the winner of the Formula 1 Mexico Grand Prix, with Max Verstappen currently favored by 46% of bets.

Why it matters:

What to watch: The full launch of the platform expected in Q4 2025 and the addition of new markets such as elections and sports events.

2. Token Buybacks (Mixed Signals)

Overview: In 2025, Jupiter joined other Solana-based projects in a buyback campaign totaling over $160 million, repurchasing tokens to reduce selling pressure. Other major projects like Hyperliquid and Pump.fun led with $644 million and $138 million spent, respectively.

Why it matters:

Key point: Jupiter generated $82.4 million in fees during Q2 2025, providing funds to support future buybacks.

3. Technical Rebound (Neutral)

Overview: JUP’s price bounced back from oversold conditions, indicated by an RSI of 37.26, near the 38.2% Fibonacci retracement level at $0.3482.

Why it matters:

Conclusion

Jupiter’s recent 24-hour price increase reflects optimism about its new prediction market and reduced token supply from buybacks. However, broader market trends remain bearish. Key factors to monitor: Whether the full launch of the prediction market can offset Solana’s declining dominance (total value locked down 7.3% month-over-month) and if JUP can maintain support around $0.35.