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	0.2980USDT	-4,46%	6.629.385,50JUP	16.815	0.3120USDT	0.3162USDT
2	JUP-USDT JUP_USDT	whitebit	BB	0.2980USDT	-4,36%	4.147.988,87JUP	25.568	0.3116USDT	0.3159USDT
3	JUP-USDT JUPUSDT	bybit	A	0.2980USDT	-4,52%	2.184.143,70JUP	5016	0.3121USDT	0.3160USDT
4	JUP-USD JUPUSD	kraken	AA	0.2976USD	-4,42%	1.598.255,98JUP	2141	0.3114USD	0.3153USD
5	JUP-USDT JUP-USDT	okex	A	0.2982USDT	-4,45%	1.584.096,59JUP	5649	0.3121USDT	0.3160USDT
6	JUP-USDC JUPUSDC	binance	AA	0.2975USDC	-4,56%	1.036.285,20JUP	1395	0.3116USDC	0.3154USDC
7	JUP-USDT JUP_USDT	gateio	A	0.2975USDT	-4,62%	1.012.882,00JUP	2224	0.3119USDT	0.3160USDT
8	JUP-USD JUPITER-USD	coinbase	AA	0.2975USD	-4,55%	861.534,30JUP	1765	0.3118USD	0.3157USD
9	JUP-USDC JUP_USDC	whitebit	BB	0.2969USDC	-4,87%	462.914,95JUP	2848	0.3121USDC	0.3160USDC
10	JUP-USDT JUPUSDT_SPBL	bitget	BB	0.2977USDT	-4,58%	464.919,11JUP	1682	0.3120USDT	0.3159USDT
11	JUP-EUR JUPEUR	kraken	AA	0.2661EUR	-3,81%	440.125,71JUP	713	0.2766EUR	0.2805EUR
12	JUP-USDT JUP-USDT	kucoin	BB	0.2980USDT	-4,55%	436.960,80JUP	2025	0.3122USDT	0.3159USDT
13	JUP-TRY JUP_TRY	whitebit	BB	14,77TRY	-4,29%	409.562,50JUP	2752	15,43TRY	15,69TRY
14	JUP-TRY JUPTRY	binance	AA	14,73TRY	-4,35%	307.569,40JUP	403	15,40TRY	15,75TRY
15	JUP-EUR JUP_EUR	whitebit	BB	0.2651EUR	-4,43%	197.206,59JUP	1315	0.2774EUR	0.2819EUR
16	JUP-USDC JUP_USDC	gateio	A	0.2970USDC	-4,62%	191.056,40JUP	340	0.3114USDC	0.3152USDC
17	JUP-USD JUP_USD	cryptodotcom	AA	0.2979USD	-4,04%	92.940,90JUP	2476	0.3105USD	0.3157USD
18	JUP-USDC JUP-USDC	okex	A	0.2980USDC	-4,36%	95.444,22JUP	943	0.3116USDC	0.3153USDC
19	JUP-USDT JUP_USDT	cryptodotcom	AA	0.2979USDT	-4,42%	18.819,80JUP	549	0.3116USDT	0.3159USDT
20	JUP-USDC JUPUSDC	bybit	A	0.2932USDC	-5,84%	26.448,20JUP	18	0.3114USDC	0.3124USDC
21	JUP-EUR jupeur	bitstamp	AA	0.2636EUR	-4,81%	6933,40JUP	21	0.2769EUR	0.2811EUR
22	JUP-USD jupusd	gemini	A	0.3019USD	-2,97%	6298,64JUP	16	0.3111USD	0.3229USD
23	JUP-RLUSD juprlusd	gemini	A	0.3019RLUSD	-2,97%	6298,64JUP	16	0.3111RLUSD	0.3229RLUSD
24	JUP-GUSD jupgusd	gemini	A	0.3019GUSD	-2,97%	6298,64JUP	16	0.3111GUSD	0.3229GUSD
25	JUP-EUR JUP-EUR	okex	A	0.2631EUR	-5,16%	5092,29JUP	20	0.2774EUR	0.2797EUR
26	JUP-USDC JUP-USDC	kucoin	BB	0.3004USDC	-3,63%	2543,27JUP	21	0.3116USDC	0.3145USDC
27	JUP-TRY JUP-TRY	okex	A	15,25TRY	-1,21%	2255,14JUP	6	15,44TRY	15,57TRY
28	JUP-USD jupusd	bitstamp	AA	0.2969USD	-4,22%	1170,73JUP	9	0.3100USD	0.3139USD
29	JUP-USDT JUPUSDT	cexio	BB	0.3134USDT	0,96%	70,38JUP	1	0.3104USDT	0.3134USDT
30	JUP-USDC JUPUSDC	cexio	BB	0.3088USDC	-1,45%	65,35JUP	1	0.3133USDC	0.3133USDC
31	JUP-USD JUPUSD	cexio	BB	0.3073USD	-1,04%	55,30JUP	1	0.3105USD	0.3105USD
32	JUP-FDUSD JUPFDUSD	binance	AA	0.3091FDUSD	-0,32%	24,90JUP	1	0.3101FDUSD	0.3101FDUSD
33	JUP-USDT jupusdt	huobipro	C	0.2993USDT	-3,89%	3.268.301,60JUP	17.486	0.3114USDT	0.3158USDT
34	JUP-USDT JUPUSDT	toobit	C	0.2982USDT	-4,45%	2.576.095,40JUP	11.461	0.3121USDT	0.3161USDT
35	JUP-KRW KRW-JUP	upbit	B	399,00KRW	-4,55%	2.521.891,83JUP	1225	418,00KRW	422,00KRW
36	JUP-THB THB_JUP	bitkub	C	9,99THB	-4,31%	2.177.813,50JUP	5012	10,44THB	10,72THB
37	JUP-USDT jup_usdt	xtpub	-	0.2978USDT	-4,52%	1.981.645,40JUP	4748	0.3119USDT	0.3162USDT
38	JUP-USDT jup_usdt	lbank	C	0.2977USDT	-4,64%	1.904.517,95JUP	9145	0.3122USDT	0.3161USDT
39	JUP-USDT JUPUSDT	bitrue	D	0.2980USDT	-4,49%	1.620.148,80JUP	39.548	0.3121USDT	0.3163USDT
40	JUP-USDT JUP_USDT	coinw	-	0.2975USDT	-4,69%	1.295.038,10JUP	2412	0.3122USDT	0.3157USDT
41	JUP-USDT JUPUSDT	mexc	C	0.2979USDT	-4,52%	692.464,71JUP	4842	0.3120USDT	0.3161USDT
42	JUP-USDC JUPUSDC	bitrue	D	0.2978USDC	-4,46%	654.800,70JUP	37.113	0.3116USDC	0.3157USDC
43	JUP-KRW JUP_KRW	bithumbkorea	-	396,00KRW	-4,35%	548.713,00JUP	567	414,00KRW	419,00KRW
44	JUP-EUR JUP-EUR	bitvavo	B	0.2659EUR	-3,86%	483.104,44JUP	299	0.2765EUR	0.2816EUR
45	JUP-EUR JUPEUR	bit2me	B	0.2661EUR	-3,80%	440.125,71JUP	713	0.2766EUR	0.2805EUR
46	JUP-USDT JUP-USDT	bingx	D	0.2972USDT	-4,77%	415.588,98JUP	11.681	0.3121USDT	0.3152USDT
47	JUP-USD JUP-USD	btse	-	0.2980USD	-4,49%	399.273,30JUP	30.240	0.3120USD	0.3161USD
48	JUP-USDT JUP_USDT	bitunix	C	0.2979USDT	-4,52%	358.569,20JUP	7718	0.3120USDT	0.3161USDT
49	JUP-USDT jup_usdt	digifinex	D	0.2980USDT	-4,55%	336.315,10JUP	6731	0.3122USDT	0.3162USDT
50	JUP-USDC JUPUSDC	mexc	C	0.2975USDC	-4,65%	180.591,44JUP	3005	0.3120USDC	0.3159USDC