Meet Jupiter (JUP) Token

Jupiter (JUP) is the native governance token of the Jupiter platform, a decentralized exchange (DEX) aggregator built on the Solana blockchain. Launched in October 2021 by the pseudonymous founder "Meow," Jupiter has grown into a cornerstone of Solana’s DeFi landscape, offering tools like token swapping, limit orders, dollar-cost averaging (DCA), and perpetual futures trading. The JUP token empowers its community to shape the platform’s future through decentralized governance.

What makes Jupiter Unique?

Jupiter is like a super-smart app that finds the best prices for trading tokens on Solana by checking tons of other trading platforms. This means you get better deals with less hassle. They’ve also got cool stuff like the LFG Launchpad, which helps new Solana projects get started, and they’re working on a special stablecoin that could earn you extra money. Plus, they teamed up with a group called Sanctum to make a debit card that lets you spend Solana’s SOL like regular cash!

JUP Tokenomics and Airdrops

The JUP token has a maximum supply of 7 billion, reduced from an initial 10 billion following a community vote. Approximately 50% of the supply is allocated to the community through airdrops, with the "Jupuary" events being a highlight. The January 2025 airdrop distributed 700 million JUP tokens (valued at ~$581 million) to around 2 million eligible wallets, rewarding active users and stakers. The remaining 50% is reserved for the team and operational needs, with vesting periods to ensure long-term alignment.

Market Performance

As of recent data, JUP is priced at approximately $0.4018 USD, with a 24-hour trading volume of $34.27 million and a market cap of $1.73 billion, ranking it among the top 100 cryptocurrencies. Despite a -77% drop from its all-time high of $2.50 (April 2024), JUP has shown resilience with a 6.5% price increase over the past week, outperforming the broader crypto market.

Community and Governance

Jupiter’s DAO, known as the Jupiter United Planet, is one of the most active governance communities in crypto. JUP holders can vote on key decisions, such as liquidity incentives and token burns, fostering transparency and community engagement. The Active Staking Rewards (ASR) program further incentivizes participation by distributing tokens to stakers who engage in governance.

On the next article, we’ll be diving into LFG Launchpad. Subscribe to our newsletter to stay notified as soon as it’s available 🐱