Jupiter
Crypto Overview
Overview
Jupiter is a decentralized exchange (DEX) aggregator and swap infrastructure built on the Solana blockchain. The project launched in 2023 and aims to provide the most efficient trading experience on Solana through advanced routing and liquidity aggregation.
Purpose and Utility
Jupiter's primary utility comes from its JUP token which serves multiple functions: Governance rights over the Jupiter DAO, Fee sharing from protocol revenue, and Staking rewards. The token launched in January 2024 through an airdrop to early users of the platform.
Business Model
Jupiter generates revenue through trading fees on its DEX aggregator platform. The business model is based on facilitating actual asset exchange between parties, with both sides receiving tangible value. The protocol does not engage in lending or interest-bearing activities.
Real-World Adoption
Jupiter has demonstrated significant adoption, processing over $150 billion in trading volume as of February 2024. It currently captures approximately 70% of all DEX trading volume on Solana.
Development Activity
The project maintains active development with regular updates to its trading infrastructure. The team consistently releases new features and improvements to the trading experience.
Token Distribution
The token distribution allocates: 40% to the community (including airdrops), 20% to the team (with 4-year vesting), 20% to the treasury, and 20% to investors (with vesting). The vesting schedules help align long-term incentives.
Crypto Impact
To assign a comfort level investing in Jupiter from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Jupiter.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.