Jupiter: everything you need to know about JUP

What is Jupiter?

Jupiter is a cryptocurrency trading platform on the Solana blockchain, offering features such as token swapping, limit orders, dollar-cost averaging, and a bridge for transferring assets to Solana. The platform assists users in finding the best trading prices and includes a beta version for trading perpetual futures.

How does Jupiter work?

Jupiter combines resources from different sources to enable smoother and more efficient token swaps, perpetual futures, and decentralized stablecoins. The JUP token serves as a governance token, allowing holders to participate in decision-making processes that guide the development and operation of the platform.

The JUP token.

JUP is the native token of the Jupiter network and is used for transactions within the ecosystem, such as paying fees for using dApps and other services. The total supply of JUP is set at 3 billion tokens.

The technology behind Jupiter.

Jupiter is built on the Solana blockchain and utilizes advanced on-chain routing to efficiently facilitate token swaps, perpetual futures, and decentralized stablecoins. Thanks to Solana's high speed and low transaction costs, users can trade almost instantly and at minimal expenses. The platform integrates various liquidity sources and smart algorithms to provide the best trading prices and optimal routes.

The Jupiter ecosystem.

Jupiter is a decentralized exchange aggregator for the Solana ecosystem. The project was launched in 2021 and has grown to become a leading DeFi protocol for Solana. Since its inception, the project has also expanded with other features, including a perpetuals exchange and plans for a yield-bearing stablecoin.

Benefits of Jupiter

• Efficiency: Jupiter takes advantage of Solana's high speed and low transaction costs to enable fast and cost-efficient swaps and trading actions.
• Optimal trading prices: By pooling liquidity from different sources, Jupiter always offers users the best trading routes and minimal slippage.
• Ease of use: With features such as token swaps, limit orders, and dollar-cost averaging, Jupiter offers an intuitive platform for both beginners and experienced traders.
• Decentralized governance: JUP holders can participate in decision-making processes and thus influence the development and policy of the platform.

Disadvantages of Jupiter

• Competition: Jupiter operates in a competitive market with other Solana-based DEX aggregators and DeFi platforms, which intensifies the battle for liquidity and user intent.
• Dependency on Solana: Since Jupiter operates entirely on the Solana blockchain, it is dependent on the stability and performance of this network. Any congestion or disruptions in Solana can directly impact the functioning of Jupiter.
• New features in beta: Some advanced features, such as perpetual futures, are still in the beta phase, which means they may not be fully stable or widely accessible to all users.
• Decentralized governance challenges: Although JUP holders have a say in the development of the platform, the decision-making process can be slow or inefficient if there is discord within the community.

Who is the founder of Jupiter?

Jupiter was founded by Meow, a pseudonymous developer within the Solana community. Meow and the team behind Jupiter have focused on building an efficient and accessible DEX aggregator that helps Solana users find the best trading routes and prices.

Expectations for the near future.

Experts expect a minimum price of €0.005270 and a minimum price of €0.0174 in 2032.

Frequently asked questions