Jupiter

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.