Jupiter | Trading Non Stop

What is JUP?

Jupiter (JUP) is a decentralized exchange (DEX) aggregator and DeFi "superapp" built on the Solana blockchain. It’s designed to make trading more efficient and serve as a central platform for decentralized finance services.

Solana’s liquidity hub – Combines liquidity from over 20 DEXs for token swaps, perpetual contracts, and more.
Community-led governance – JUP token holders decide on protocol updates and how fees are shared.
Growing product lineup – Offers lending, mobile trading, and tokenized asset features.

Deep Dive

1. Main Role: Solana’s Liquidity Aggregator

Jupiter acts as the main route for liquidity on Solana. It splits trades across platforms like Raydium and Orca to reduce slippage (the difference between expected and actual trade prices). Its smart routing system helps users get the best prices for swaps, limit orders, and dollar-cost averaging strategies (Jupiter Docs). In Q2 2025, Jupiter handled over $142 billion in trading volume, making it a key player in Solana’s trading ecosystem.

2. JUP Token: Governance and Use

The JUP token powers Jupiter’s decentralized governance through the Jupiter DAO. Token holders who stake their JUP can vote on important decisions like fee distribution and protocol upgrades. Active Staking Rewards (ASR) encourage participation by automatically increasing voting power for engaged users. The total supply of JUP is capped at 10 billion tokens, with half reserved for community programs such as grants and airdrops (Crypto.com).

3. Expanding the Ecosystem

Jupiter has grown beyond just a liquidity aggregator to offer multiple financial products:

Jupiter Lend: Allows borrowing up to 90% of the value of your collateral, integrated with stablecoins backed by collateral.
JupUSD: A stablecoin native to Solana, backed by U.S. Treasury securities and crypto strategies (Millionero).
Mobile and professional tools: Features like gasless swaps and developer APIs help connect everyday users and institutional traders.

Conclusion

Jupiter is a foundational DeFi platform on Solana, combining deep liquidity aggregation with a growing range of financial tools. Its focus on community governance and fast product development makes it a key indicator of Solana’s ecosystem health. As Jupiter expands into lending and stablecoins, it will be interesting to see how it bridges traditional finance with decentralized markets.