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Jupiter

JUP · Field entry
DeFiDeFiExchange tokens

Governance token of Jupiter, Solana's main swap aggregator and trading app

$0.33040.36%Snapshot · October 4, 2026 · updates live
Market cap
$1.10B
24h volume
$61.04M
Rank
#77
Circulating
3.32B JUP
Max supply
10.00B JUP
All-time high
$2.00 January 31, 2024

JUP price chart

7-day snapshot. Chart data from CoinGecko.

What is Jupiter?

Jupiter is a trading platform on Solana best known for its swap aggregator, which searches many exchanges to find you the best price in one transaction. It also offers perpetual futures, lending and a launchpad. JUP is the governance token, and Jupiter uses half of its on-chain revenue to buy JUP back from the market.

Utility Lens

What Jupiter actually does

Routes Solana swaps across many exchanges for better prices and offers perps, lending and other trading tools; JUP governs the DAO.

Real-world usage
establishedJupiter's aggregator is a default swap route for much of the Solana ecosystem and has been for several years.
Token necessity
optionalAnyone can use Jupiter's swaps and perps without JUP; the token is for governance, staking rewards and buyback-linked supply changes.
Decentralization
limitedThe DAO votes on token matters, but the Jupiter team builds and controls the products, contracts and treasury multisigs.
Track record
developingJupiter's aggregator has operated since 2021 and JUP launched in January 2024, with no major exploit of its core swap contracts on record.

How we rate

What it’s used for

Many Solana wallets and apps send swaps through Jupiter's routing behind the scenes, and traders use its site for limit orders, recurring buys and leveraged perpetual futures. JUP holders stake to vote in the Jupiter DAO and earn staking rewards for participating.

Role of the JUP token:

governancebuyback burn

Evidence of real use

  • 3 billion JUP were burned on January 26, 2025, cutting the maximum supply from 10 billion to 7 billion. Source
  • The Jupiter DAO approved a Net-Zero Emissions proposal in February 2026 with 75.3% support, postponing the Jupuary airdrop and pausing team reserve emissions. Source
  • Jupiter says it sends 50% of its on-chain revenue to open-market JUP buybacks, known as the Litterbox. Source

How Jupiter works

An aggregator does not hold liquidity itself. When you ask Jupiter to swap one Solana token for another, its routing engine checks prices across many decentralized exchanges and can split your order across several of them to reduce price impact. The swap settles on-chain from your own wallet in a single transaction. Jupiter also runs limit orders, dollar-cost averaging tools, perpetual futures backed by a liquidity pool, and lending products.

JUP launched in January 2024 through a large airdrop to Solana users. Holders lock JUP to vote on DAO proposals and earn rewards for voting. Jupiter has made several supply decisions with the DAO: burning 3 billion tokens in January 2025, burning about 130 million JUP held from buybacks in November 2025, and approving a net-zero emissions plan in February 2026 that postponed further community airdrops.

Buybacks come from the Litterbox, a program that uses half of Jupiter's on-chain revenue to buy JUP on the open market. The bought tokens are held and can be burned by DAO vote, as happened in 2025. Community members have floated further changes, such as raising the buyback share, but forum proposals are not policy until a vote passes. Buybacks support demand for JUP, but they do not guarantee any price and depend on how much revenue Jupiter earns.

Key moments

  1. 2021Jupiter launches its swap aggregator on Solana.
  2. 2024JUP launches on January 31 with a large airdrop to Solana users.
  3. 20253 billion JUP are burned in January, reducing maximum supply to 7 billion.
  4. 2025The DAO votes to burn about 130 million JUP held in the Litterbox buyback wallet.
  5. 2026The DAO approves net-zero emissions in February, postponing the Jupuary airdrop.

Supply

JUP's maximum supply is 7 billion after the 2025 burn, with reported total supply slightly lower after further burns. Since February 2026, net new emissions are set near zero: the Jupuary airdrop is postponed and team reserve emissions are paused, while staking rewards continue. Half of on-chain revenue funds buybacks.

Risks to understand

  • Team control: Jupiter's team controls the products, upgrades and treasury wallets, so users rely on its decisions and security.
  • Perpetual futures risk: leveraged trading can wipe out your position quickly, and the liquidity pool that backs perps can lose money to traders.
  • Large reserves: billions of JUP still sit in community and strategic reserves that a future vote could release.
  • Solana dependency: outages or congestion on Solana affect every Jupiter product.
  • Phishing: fake Jupiter sites and airdrop claim pages are common scams.

Jupiter FAQ

Do I need JUP to use Jupiter?

No. You can swap and trade without JUP. The token is used to vote in the DAO and for staking rewards.

What is Jupuary?

It was Jupiter's yearly community airdrop. The DAO postponed the 2026 round in February 2026 as part of its net-zero emissions plan.

Does Jupiter buy back JUP?

Yes. Jupiter says half of its on-chain revenue goes to buying JUP on the open market, and the DAO has voted to burn tokens collected this way.

Sources

  1. Proposal: Net-Zero Emissions — Jupiter Research Forum
  2. Jupiter Token Unlocks & Vesting Schedule — DefiLlama
  3. Jupiter DAO Approves Net-Zero Emissions Proposal — Coindar
  4. Token Burning: How Jupiter Manages Supply — Jupiter
  5. Jupiter vote — Jupiter

Last reviewed October 4, 2026 by The Crypto Guide editorial team. Utility Lens ratings are editorial judgments, not investment advice. Market data from CoinGecko. Spot an error? Request a correction.