Question 1

What is Jupiter?

Accepted Answer

Jupiter is a decentralised exchange (DEX) aggregator built on the Solana blockchain. Its primary function is to route token swaps across multiple DEXs within the Solana ecosystem, identifying the most favourable trading paths and pricing for users. This routing process is designed to minimise slippage and optimise execution, similar in purpose to what protocols like 1inch do on Ethereum.

Launched in October 2021, Jupiter began as a swap infrastructure project and has since expanded into a broader decentralised finance (DeFi) protocol. It now includes tools such as limit orders, dollar-cost averaging (DCA), perpetual futures, and a bridge comparison service for cross-chain transfers. Jupiter plays a critical role in the liquidity infrastructure of the Solana DeFi ecosystem and has become one of the most widely used applications in this space. The protocol also supports advanced trading strategies, such as Value Averaging (VA), and has announced plans to launch a yield-bearing stablecoin collateralised by liquid staking tokens (LSTs).

Jupiter is integrated into several products and platforms within the Solana network, including the Backpack wallet. As of early 2024, Jupiter has surpassed major Ethereum-based aggregators in terms of trading volume, highlighting its growing importance in the broader DeFi landscape.

Question 2

What is Jupiter (JUP)?

Accepted Answer

JUP is the native governance token of the Jupiter platform. It is deployed on the Solana blockchain and operates using Solana's SPL token standard. The token was officially launched in January 2024 with an initial circulating supply of approximately 1.35 billion JUP. While the maximum supply was originally set at 10 billion, the community has approved a proposal to reduce the cap to 7 billion tokens.

The token is designed to be the central mechanism through which the Jupiter community governs the platform. JUP also supports staking incentives and may be used for access to additional platform features, including the Jupiter launchpad (LFG). While it does not directly serve as a liquidity provisioning token, it plays a key role in protocol governance and incentive alignment.

The distribution of the token supply is split evenly:  
- **50%** allocated to the community, largely through airdrops and incentive programmes  
- **50%** retained by the team, including:  
  - **20%** for team members (with a two-year vesting schedule)  
  - **20%** for strategic reserves  
  - **10%** for liquidity provision

Additionally, 2 billion tokens are reserved for future team members, investors and stakeholders, with a minimum lock-up of one year.

Question 3

What is Jupiter (JUP) used for?

Accepted Answer

The JUP token serves multiple roles within the Jupiter ecosystem:

* **Governance**

JUP is primarily a governance token. Holders can propose and vote on changes to the protocol, including:
- Allocation of liquidity incentives
- Future JUP issuance schedules
- Strategic ecosystem initiatives
- Listing dispute resolutions
- Grant approvals for developers
- Project selection on the Jupiter launchpad (LFG)

Governance is facilitated through the Jupiter DAO, which is designed to give the community significant influence over the protocol’s direction.

* **Staking and Incentives:**

Users can stake JUP tokens as part of the Active Staking Rewards (ASR) programme. This scheme distributes JUP and potentially other tokens to stakers who participate in governance. Rewards are typically allocated quarterly, with the amount dependent on the quantity of JUP staked and the user's governance activity.

The unstaking process generally includes a 30-day delay. Some centralised exchanges such as Binance and Gate.io offer JUP staking products, although decentralised staking is more aligned with governance participation.

JUP staking should not be confused with JupSOL, a separate liquid staking token that represents staked SOL on Jupiter.

* **Airdrops and Community Allocation:**

JUP is distributed through airdrops known as “Jupuary” events. The initial airdrop in January 2024 distributed 1 billion tokens to early users. A second airdrop occurred in January 2025, distributing 700 million tokens across around 2 million eligible wallets. Further airdrops are scheduled for 2025 and 2026, targeting active users, stakers and contributors.

This airdrop strategy is intended to decentralise ownership, promote user engagement and build long-term network effects.

* **Access and Utility:**

While governance is the token’s primary function, JUP may also be used to:
    - Reduce trading fees on the Jupiter platform
    - Gain priority access to launchpad projects
    - Participate in experimental features or beta products

Future use cases may include expanded functionality within Jupiter’s perpetuals exchange or broader DeFi integrations.

Question 4

Who created Jupiter (JUP)?

Accepted Answer

Jupiter was founded in October 2021 by an individual using the pseudonym *Meow*. Meow remains the public-facing lead and continues to contribute to both the strategic and technical direction of the protocol. Other co-founders and contributors include:
- **Seong Sang** – Co-founder and Chief Technology Officer (CTO)
- **Mal** – Co-founder
- **Fabiano Solana**
- **Rolex Gold**
- **Ben Chow**
- **Mei** (@9yointern), involved in airdrop design
- **Kash Dhanda**, also involved in governance and incentive design

The team includes both pseudonymous and publicly known contributors, a common practice in crypto projects, particularly those that prioritise decentralised governance. Notably, Meow has voluntarily committed to locking 280 million personal JUP tokens until 2030, aligning long-term incentives with the platform’s sustainability.

Jupiter has emphasised its commitment to decentralised ownership, transparency in token distribution, and active community involvement since its inception.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	JUP-USDT JUPUSDT	binance	AA	0.2259USDT	6.51%	29,598,572.30JUP	38,365	0.2121USDT	0.2280USDT
2	JUP-USDT JUP-USDT	okex	A	0.2256USDT	6.42%	8,659,845.80JUP	9,752	0.2120USDT	0.2279USDT
3	JUP-USDT JUPUSDT	bybit	A	0.2258USDT	6.46%	7,985,176.78JUP	10,548	0.2121USDT	0.2279USDT
4	JUP-USDC JUPUSDC	binance	AA	0.2249USDC	5.74%	4,748,064.10JUP	3,802	0.2127USDC	0.2277USDC
5	JUP-USDT JUP_USDT	whitebit	BB	0.2262USDT	6.75%	4,530,927.60JUP	40,392	0.2119USDT	0.2278USDT
6	JUP-USD JUPUSD	kraken	AA	0.2239USD	5.36%	4,159,766.76JUP	2,880	0.2125USD	0.2276USD
7	JUP-USD JUPITER-USD	coinbase	AA	0.2257USD	5.76%	3,822,845.20JUP	1,733	0.2134USD	0.2276USD
8	JUP-EUR JUPEUR	kraken	AA	0.1947EUR	5.39%	2,629,396.41JUP	2,174	0.1848EUR	0.1983EUR
9	JUP-USDT JUPUSDT_SPBL	bitget	BB	0.2250USDT	6.13%	2,411,576.10JUP	2,234	0.2120USDT	0.2278USDT
10	JUP-USDT JUP_USDT	gateio	A	0.2258USDT	6.53%	2,279,496.00JUP	3,922	0.2119USDT	0.2278USDT
11	JUP-USDT JUP-USDT	kucoin	BB	0.2258USDT	6.26%	2,091,098.25JUP	2,825	0.2125USDT	0.2278USDT
12	JUP-TRY JUPTRY	binance	AA	10.95TRY	6.31%	917,442.10JUP	1,711	10.30TRY	11.07TRY
13	JUP-USDC JUP_USDC	whitebit	BB	0.2250USDC	6.13%	674,399.60JUP	3,626	0.2120USDC	0.2280USDC
14	JUP-TRY JUP_TRY	whitebit	BB	10.97TRY	6.47%	397,328.00JUP	2,547	10.30TRY	11.10TRY
15	JUP-EUR JUP_EUR	whitebit	BB	0.1960EUR	6.58%	273,311.97JUP	1,575	0.1839EUR	0.1986EUR
16	JUP-USDC JUP-USDC	okex	A	0.2257USDC	6.36%	247,701.08JUP	936	0.2122USDC	0.2276USDC
17	JUP-USD JUP_USD	cryptodotcom	AA	0.2255USD	5.95%	196,078.80JUP	1,192	0.2129USD	0.2276USD
18	JUP-EUR JUP-EUR	okex	A	0.1965EUR	6.56%	157,535.69JUP	177	0.1844EUR	0.1979EUR
19	JUP-USDC JUP_USDC	gateio	A	0.2236USDC	4.39%	141,045.46JUP	227	0.2142USDC	0.2272USDC
20	JUP-FDUSD JUPFDUSD	binance	AA	0.2254FDUSD	5.57%	64,444.20JUP	283	0.2135FDUSD	0.2279FDUSD
21	JUP-USDC JUP-USDC	kucoin	BB	0.2258USDC	6.26%	51,345.73JUP	422	0.2125USDC	0.2275USDC
22	JUP-USDT JUP_USDT	cryptodotcom	AA	0.2247USDT	4.99%	42,820.50JUP	155	0.2140USDT	0.2269USDT
23	JUP-USDC JUPUSDC	bybit	A	0.2244USDC	5.85%	30,317.60JUP	47	0.2120USDC	0.2285USDC
24	JUP-TRY JUP-TRY	okex	A	10.99TRY	5.36%	30,115.69JUP	66	10.43TRY	11.04TRY
25	JUP-USD jupusd	bitstamp	AA	0.2241USD	5.64%	25,336.05JUP	38	0.2122USD	0.2245USD
26	JUP-USD JUP-USD	okex	A	0.2256USD	7.02%	24,325.52JUP	61	0.2108USD	0.2270USD
27	JUP-USD jupusd	gemini	A	0.2285USD	7.81%	12,540.32JUP	30	0.2119USD	0.2285USD
28	JUP-RLUSD juprlusd	gemini	A	0.2285RLUSD	7.81%	12,540.32JUP	30	0.2119RLUSD	0.2285RLUSD
29	JUP-GUSD jupgusd	gemini	A	0.2285GUSD	7.81%	12,540.32JUP	30	0.2119GUSD	0.2285GUSD
30	JUP-EUR jupeur	bitstamp	AA	0.1952EUR	5.92%	2,554.49JUP	4	0.1843EUR	0.1967EUR
31	JUP-USDT JUPUSDT	cexio	BB	0.2184USDT	2.86%	129.04JUP	1	0.2123USDT	0.2184USDT
32	JUP-USDC JUPUSDC	cexio	BB	0.2193USDC	1.88%	109.68JUP	1	0.2152USDC	0.2193USDC
33	JUP-USD JUPUSD	cexio	BB	0.2185USD	1.52%	103.23JUP	1	0.2152USD	0.2185USD
34	JUP-USDT jup_usdt	xtpub	-	0.2259USDT	6.51%	17,673,396.50JUP	16,310	0.2121USDT	0.2279USDT
35	JUP-USDT jupusdt	huobipro	C	0.2256USDT	6.21%	12,160,111.53JUP	46,018	0.2124USDT	0.2277USDT
36	JUP-USDT JUPUSDT	toobit	C	0.2258USDT	6.51%	10,632,320.90JUP	13,892	0.2120USDT	0.2278USDT
37	JUP-KRW KRW-JUP	upbit	B	309.00KRW	6.55%	10,561,409.88JUP	3,112	290.00KRW	314.00KRW
38	JUP-THB THB_JUP	bitkub	C	7.55THB	6.36%	7,642,788.90JUP	10,009	7.10THB	7.63THB
39	JUP-USDT JUPUSDT	bitrue	D	0.2259USDT	6.46%	5,649,887.00JUP	47,314	0.2122USDT	0.2280USDT
40	JUP-USDT jup_usdt	lbank	C	0.2251USDT	6.18%	5,620,632.07JUP	17,816	0.2120USDT	0.2279USDT
41	JUP-USDT JUP_USDT	coinw	-	0.2241USDT	5.60%	5,104,101.20JUP	2,956	0.2122USDT	0.2276USDT
42	JUP-EUR JUPEUR	bit2me	B	0.1947EUR	5.39%	2,629,396.41JUP	2,174	0.1848EUR	0.1983EUR
43	JUP-USDT JUPUSDT	mexc	C	0.2252USDT	6.18%	2,482,272.95JUP	6,088	0.2121USDT	0.2278USDT
44	JUP-EUR JUP-EUR	bitvavo	B	0.1954EUR	6.08%	2,048,842.67JUP	1,079	0.1842EUR	0.1982EUR
45	JUP-KRW JUP_KRW	bithumbkorea	-	312.00KRW	7.59%	1,904,731.55JUP	1,248	290.00KRW	314.00KRW
46	JUP-USDC JUPUSDC	bitrue	D	0.2255USDC	6.27%	1,475,286.60JUP	38,536	0.2122USDC	0.2279USDC
47	JUP-USDT jup_usdt	digifinex	D	0.2259USDT	6.56%	1,433,001.50JUP	11,552	0.2120USDT	0.2279USDT
48	JUP-USDT JUP-USDT	bingx	D	0.2258USDT	6.51%	1,287,898.01JUP	27,728	0.2120USDT	0.2272USDT
49	JUP-USDT JUP_USDT	bitunix	C	0.2254USDT	6.32%	1,059,851.10JUP	10,141	0.2120USDT	0.2279USDT
50	JUP-USD JUP-USD	btse	-	0.2260USD	6.50%	472,828.00JUP	24,922	0.2122USD	0.2279USD