Exchange Jupiter

What is Jupiter (JUP)?

Jupiter (JUP) is a decentralized exchange (DEX) aggregator built on the Solana blockchain, designed to optimize token swaps and liquidity sourcing across various platforms. Founded by the pseudonymous developer "Meow," Jupiter officially launched in October 2021 and has since evolved into a comprehensive DeFi ecosystem. The platform offers features such as perpetual futures trading, limit orders, and token bridging, positioning itself as a central hub for DeFi activities on Solana.​

Jupiter project milestones

• October 2021 – Launch of Jupiter DEX aggregator: Introduced as Solana's primary swap infrastructure, facilitating efficient token swaps.
• January 2024 – First major airdrop: Distributed 1 billion JUP tokens to over 1 million wallets, marking one of Solana's largest airdrops.
• March 2024 – Record trading volumes: Achieved $47 billion in trading volume, surpassing competitors like Uniswap.
• January 2025 – Second airdrop during "Jupuary": Allocated 700 million JUP tokens to 2 million eligible wallets, reinforcing community engagement.
• 2025 – Expansion of DeFi services: Launched additional features including perpetual trading and plans for a yield-bearing stablecoin.​

Stay updated with the latest Jupiter (JUP) news, as any update may significantly affect the JUP price.​

Tokenomics of JUP

JUP operates on the Solana blockchain, utilizing the SPL token standard. The token serves as the governance token for the Jupiter DAO, enabling holders to participate in decision-making processes. JUP is also integral to the platform's incentive structures, including staking rewards and community airdrops. The total supply of JUP is capped at 10 billion tokens, with allocations as follows:​

• Community Airdrops: 4 billion JUP (40%) distributed over four annual airdrops.
• Team Allocation: 2 billion JUP (20%) with a 2-year vesting period.
• Strategic Reserves: 2 billion JUP (20%) reserved for future initiatives.
• Liquidity Provision: 1 billion JUP (10%) to ensure platform liquidity.
• Contributors and Grants: 1 billion JUP (10%) allocated for ecosystem development.​

The initial circulating supply at launch was 1.35 billion JUP, with the remaining tokens subject to vesting schedules and future distributions. For those interested in trading, the Jupiter (JUP) exchange offers a platform to buy, sell, and swap JUP tokens efficiently.​

Key features of Jupiter (JUP)

Jupiter distinguishes itself in the DeFi space through several innovative features:​

• DEX Aggregation: Aggregates liquidity from multiple sources to provide users with the best swap rates and minimal slippage.
• Perpetual Futures Trading: Offers leveraged trading options, allowing users to engage in futures contracts with up to 100x leverage.
• Limit Orders and DCA: Enables users to set specific buy/sell orders and automate investments through Dollar-Cost Averaging strategies.
• Cross-Chain Bridging: Facilitates token transfers between Solana and other blockchains like Ethereum and BNB Chain.

These features enhance the Jupiter Network by providing users with a comprehensive suite of trading tools, promoting liquidity, and fostering a robust DeFi ecosystem.​

Use cases for Jupiter (JUP):

• Governance Participation: JUP holders can vote on proposals affecting the platform's future.
• Staking Rewards: Users can stake JUP tokens to earn rewards and participate in governance.
• Trading Fee Discounts: Holding JUP may provide discounts on trading fees within the Jupiter platform.
• Incentivized Engagement: Active users may receive JUP tokens through airdrops and other promotional events.​

The average fees on the Jupiter Network

The Jupiter Network boasts low transaction fees, averaging approximately $0.00025 per transaction, thanks to the efficiency of the Solana blockchain. These minimal fees make the Jupiter (JUP) exchange an attractive option for traders seeking cost-effective transactions.​

The JUP token wallets

For secure storage and management of JUP tokens, users can consider the following wallets:​

• Phantom Wallet: A user-friendly Solana wallet supporting JUP and other SPL tokens.
• Solflare Wallet: Offers both web and mobile interfaces with staking capabilities.
• Ledger Nano S/X: Hardware wallets providing enhanced security for JUP storage.
• Sollet Wallet: A browser-based wallet designed for Solana tokens.
• MathWallet: Supports multiple blockchains, including Solana, with JUP integration.​

Experience seamless and efficient trading by performing a Jupiter (JUP) swap on SwapSpace. With competitive exchange rates and a user-friendly interface, SwapSpace simplifies the process of how to swap Jupiter (JUP), ensuring you get the best value for your trades. Stay informed with the latest Jupiter (JUP) price chart, monitor Jupiter (JUP) prices, and utilize the Jupiter (JUP) converter for accurate exchange calculations. Engage with the dynamic world of Jupiter (JUP) crypto and make the most of your trading experience today.