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Jupiter
About Jupiter
JUP is the native governance token of Jupiter, a DEX aggregator on the Solana blockchain. Launched in January 2024, JUP enables decentralised governance through the Jupiter DAO, allowing holders to vote on protocol decisions including liquidity incentives, token issuance, and launchpad project selection. It also supports staking via the Active Staking Rewards programme and may grant reduced fees and access to new platform features. JUP is distributed through scheduled community airdrops known as “Jupuary,” with 50% of the total supply allocated to the community. The other 50% is reserved for the team, strategic reserves, and liquidity. The maximum supply was reduced from 10 to 7 billion tokens following a community vote. Although it is not used directly for liquidity provision, JUP plays a central role in governance and incentive structures across the Jupiter platform.
Jupiter is a decentralised exchange (DEX) aggregator built on the Solana blockchain. Its primary function is to route token swaps across multiple DEXs within the Solana ecosystem, identifying the most favourable trading paths and pricing for users. This routing process is designed to minimise slippage and optimise execution, similar in purpose to what protocols like 1inch do on Ethereum.
Launched in October 2021, Jupiter began as a swap infrastructure project and has since expanded into a broader decentralised finance (DeFi) protocol. It now includes tools such as limit orders, dollar-cost averaging (DCA), perpetual futures, and a bridge comparison service for cross-chain transfers. Jupiter plays a critical role in the liquidity infrastructure of the Solana DeFi ecosystem and has become one of the most widely used applications in this space. The protocol also supports advanced trading strategies, such as Value Averaging (VA), and has announced plans to launch a yield-bearing stablecoin collateralised by liquid staking tokens (LSTs).
Jupiter is integrated into several products and platforms within the Solana network, including the Backpack wallet. As of early 2024, Jupiter has surpassed major Ethereum-based aggregators in terms of trading volume, highlighting its growing importance in the broader DeFi landscape.
JUP is the native governance token of the Jupiter platform. It is deployed on the Solana blockchain and operates using Solana's SPL token standard. The token was officially launched in January 2024 with an initial circulating supply of approximately 1.35 billion JUP. While the maximum supply was originally set at 10 billion, the community has approved a proposal to reduce the cap to 7 billion tokens.
The token is designed to be the central mechanism through which the Jupiter community governs the platform. JUP also supports staking incentives and may be used for access to additional platform features, including the Jupiter launchpad (LFG). While it does not directly serve as a liquidity provisioning token, it plays a key role in protocol governance and incentive alignment.
- 50% allocated to the community, largely through airdrops and incentive programmes
- 50% retained by the team, including:
Additionally, 2 billion tokens are reserved for future team members, investors and stakeholders, with a minimum lock-up of one year.