Jupiter: The Leading Trading Aggregator in the Solana Ecosystem

Jupiter is the most successful decentralized trading liquidity aggregator in the Solana ecosystem, currently accounting for over 50% of the trading volume on the Solana chain. After 3 years of development, Jupiter has become the leader in trading aggregation on the Solana chain.

Project Overview

• Establishment Time: 2021
• Main products: Trading aggregator, limit orders, DCA investment, perpetual contracts, etc.
• Token: JUP, Total supply 10 billion, Circulating supply 1.35 billion
• Market Cap: Approximately $1.33 billion ( Circulating Market Cap )
• Daily trading volume: approximately 154 million USD
• TVL:602 million USD

Core Business

trading aggregator

Jupiter aggregates numerous liquidity pools within the Solana ecosystem, providing users with the optimal trading path through smart algorithms. Users can set trading parameters according to their needs, enjoying an efficient and low-cost trading experience.

Limit Order

Jupiter provides traders with a limit order function to help users avoid slippage and MEV issues. Limit orders can be partially filled, and users can set their own order validity period, price, and quantity.

DCA

Jupiter's DCA investment product allows users to set parameters such as purchase frequency, price range, and total time period, enabling automated investment strategies. This helps to reduce the risk of single investments and is suitable for long-term investors.

perpetual contract

Jupiter Perpetual supports perpetual contract trading with leverage up to 100 times. Traders can use various Solana tokens as collateral to open long and short positions. This product adopts a model similar to GMX, where liquidity providers receive the majority of the trading fees and borrowing fees.

Development Strategy

Jupiter has taken a leading position in the trading aggregation field and is actively laying out plans in other tracks:

1. Jupiter Labs: An independently operated project investment laboratory, focusing on perpetual contracts and LST stablecoins.

2. LFG Launchpad: An innovative project launch platform that emphasizes community-driven initiatives and transparency.

3. Horizontal Expansion: Expand influence in the Solana ecosystem by investing in and incubating projects in other tracks.

Advantages and Challenges

Advantages:

• The high performance and low cost of the Solana chain
• Product diversity to meet different trading needs
• A large user base and trading volume
• Actively expand into new business areas

Challenge:

• The token economic model is relatively simple, lacking mechanisms such as staking.
• Insufficient token empowerment, value growth relies on project development
• Subsequent token unlocks may bring selling pressure

Summary

Jupiter, with its leading trading aggregation technology and a rich product line, has become one of the core projects of the Solana ecosystem. Its proactive layout of new businesses is expected to further expand its influence. However, the token economic model still has room for optimization. Overall, Jupiter has strong competitiveness in the Solana DeFi field, and its future development is worth looking forward to.