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Updated by Tokenica
Jupiter is a decentralized exchange (DEX) aggregator and crypto superapp on the Solana blockchain that routes token swaps to optimal liquidity sources, supports perpetual futures trading, and provides related DeFi tools including a mobile wallet. The project originated in 2021 as a liquidity aggregator and introduced its native JUP token in January 2024 via airdrops to decentralize operations through the Jupiter DAO. The JUP token functions primarily as a governance token, allowing stakers to vote on proposals related to treasury use, launchpad initiatives, emissions, and other ecosystem parameters while earning Active Staking Rewards (ASR).
Updated by Tokenica
Updated by Tokenica
JUP has a maximum supply of 7 billion tokens following a community-approved reduction that burned 3 billion unissued tokens in January 2025 (from an original 10 billion cap), with an additional ~134 million JUP burned via the Litterbox Trust. Circulating supply stands at approximately 3.32 billion tokens. Initial allocations included Jupuary airdrops (~44.3%), team (~20%), strategic reserve (~19%), and other community/launch categories; team tokens follow a 1-year cliff plus 3-year linear vesting schedule, with no further scheduled emissions or inflation. JUP serves as the governance token for the Jupiter DAO, enabling staking for participation and ASR rewards, though it does not entitle holders to direct protocol fee shares.
Updated by Tokenica
Updated by Tokenica
Updated by Tokenica
Updated by Tokenica
In February 2025, Jupiter's official X account was compromised and used to promote scam tokens including $MEOW, resulting in trader losses estimated over $20 million in some reports; the team regained control and confirmed no customer funds or data were affected, with platform smart contracts secured by multisig. An earlier airdrop-related incident involved exploitation of over 9,000 wallets to accumulate approximately 1.85 million JUP tokens worth about $1 million. No regulatory actions, enforcement, team departures, or project-caused depegs, liquidations, or chain halts were documented in primary or major secondary sources.