Jupiter

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).

• MeowFounder
  • https://x.com/weremeow
• Siong OngCo-founder
  • https://siong.com/
  • https://x.com/sssionggg
  • https://www.linkedin.com/in/siong

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.

1. October 2021
   Jupiter Swap Aggregator Mainnet Launch
   Jupiter launched its on-chain swap aggregator on Solana as the first of its kind, routing trades across multiple DEXs for better prices and lower slippage.
2. January 22, 2024
   LFG Launchpad Beta Introduced
   Jupiter introduced the LFG Launchpad beta, enabling community-voted token launches with custom liquidity mechanisms on Solana.
3. January 31, 2024
   JUP Token Airdrop and Launch
   Jupiter distributed 1 billion JUP tokens via its first major airdrop to nearly one million wallets, launching the token and Jupiter DAO governance.
4. January 2025
   Jupuary 2025 Airdrop
   Jupiter conducted its second annual airdrop, distributing 700 million JUP tokens to eligible users, stakers, and participants.
5. January 25-26, 2025
   Catstanbul Event and Token Burn
   At the Catstanbul 2025 conference, Jupiter burned 3 billion JUP tokens (30% of supply) and announced 50% of fees for buybacks to reduce FDV.
6. June 2025
   DAO Governance Pause
   Jupiter paused DAO voting and proposals until 2026 following community feedback on governance structure issues.
7. October 2025
   Ethena Partnership for JupUSD
   Jupiter partnered with Ethena Labs to develop and launch JupUSD, a native Solana stablecoin integrated into the Jupiter ecosystem.

• Jupiter Swap
  DEX aggregator that routes token swaps across Solana liquidity sources for optimal prices.
• Jupiter Perps
  Perpetual futures trading platform offering up to 250x leverage.
• Jupiter Lend
  Overcollateralized borrowing and lending platform with multiple vaults.
• Jupiter Multiply
  Yield maximization service using looped strategies on Lend vaults.
• Jupiter Terminal
  Pro trading interface for stocks, launchpads, alpha scanning, and specialized token markets.
• Jupiter Prediction Markets
  Platform for trading on prediction markets and event outcomes.
• Jupiter Mobile
  Self-custodial Solana wallet app with integrated trading, lending, and payments.
• Jupiter Developer Platform
  APIs providing swap execution, token data, pricing, and prediction market access.

• officialWebsite
• docsDocs
• docsDeveloper Docs
• githubGitHub
• twitterTwitter
• discordDiscord

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.