Jupiter: An Overview

Jupiter: An Overview

June 25, 2024

Overview

Jupiter (JUP) is a top DEX aggregator on Solana, facilitating token swaps and futures trading. Governed by the JUP token, it has a TVL of $400m and aims to integrate diverse assets through its Giant Unified Market (GUM) initiative.

3 min. read

3 min. read

3 min. read

Jupiter (JUP) is a decentralized finance (DeFi) platform on the Solana blockchain, recognized as a leading decentralized exchange (DEX) aggregator. It pools liquidity from various sources to facilitate efficient token swaps and it also offers perpetual futures trading in a format similar to GMX. 

How Does Jupiter Work?

Jupiter operates as a DEX aggregator, scanning multiple Solana-based DEXes to find the best trading prices for users. Its bridge comparator tool enables efficient cross-chain trades, helping users transfer tokens from other blockchains to Solana cost-effectively. 

The platform's governance is facilitated by the JUP token, which allows holders to participate in decision-making processes, including liquidity provision and future developments. The JUP token was also offered as airdrops for early adopters and active users to decentralize ownership and governance.

Jupiter Stats (As of June 24)

  • Total Value Locked (TVL): ~$400m

  • Total Circulating Market Cap: ~$1.05bn

  • Token Max Supply: 10bn JUP

  • Token Circulating Supply: 1.35bn JUP

Latest Jupiter News

Jupiter Exchange has launched the Giant Unified Market (GUM) initiative, aiming to integrate various asset classes, including meme coins, real-world assets, stocks, and forex, into a single market on the Solana blockchain. This movement would connect different asset types, enhance liquidity, and make investments more accessible within a single market.

Disclaimer: The information provided in this research paper is for educational and informational purposes only. It does not constitute financial advice, investment guidance, or any solicitation to buy or sell financial instruments. The views expressed herein are those of the authors and do not necessarily reflect the opinions of Kollectiv.

2024