Jupiter (JUP): how it works, supply and reviews
In short
- Type
- Decentralised exchange aggregator and DeFi suite (spot, perps, lend) on Solana
- Maximum supply
- A 2024 community vote proposal cut JUP supply by 30%, from 10 billion to 7 billion; Jupiter's docs describe the reduction as community-approved
- Risks and caveats
- Imposter JUP tokens exist; Jupiter asks users to verify the mint address before trading.
- Checked
- 31 October 2026
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Key facts
- Ticker
- JUP
- Official site
- jup.ag
Key facts checked on 31 October 2026 against official sources.
What is Jupiter
Jupiter is a DeFi platform on Solana best known for its swap aggregator, which routes trades across Solana liquidity, and also offers perpetual futures, lending, limit and DCA orders. JUP is the governance token of the Jupiter DAO.
Network and consensus
| Parameter | Details |
|---|---|
| Type | Decentralised exchange aggregator and DeFi suite (spot, perps, lend) on Solana |
| Runs on | Jupiter products are on-chain programs on Solana |
| Routing | Metis, JupiterZ (RFQ) and third-party routers compete on each swap |
| Operator | The jup.ag interface is made available by Block Raccoon S.A., which deployed the open-source protocol |
| Token standard | JUP is a Solana token with mint address JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN |
Supply and issuance
| Parameter | Details |
|---|---|
| Maximum supply | A 2024 community vote proposal cut JUP supply by 30%, from 10 billion to 7 billion; Jupiter's docs describe the reduction as community-approved |
| Fee burn | 50% of on-chain revenue goes to the Litterbox Trust, which buys JUP; it has burned about 134 million JUP |
| Team vesting | Team tokens: 1-year cliff, then 3 years of linear vesting, on Jupiter Lock |
| Initial distribution | JUP is distributed partly through yearly "Jupuary" airdrops (2024, 2025), disclosed with wallet lists |
| Staking rewards | Stakers receive Active Staking Rewards (ASR) quarterly, based on time-weighted stake |
What JUP is used for
- Governance: staking JUP to vote in the Jupiter DAO
- Earning Active Staking Rewards (ASR) for participation
- JUP gives no direct share of protocol fees
Who develops and governs Jupiter
- Governance
- Jupiter DAO, seeded with 100 million JUP and 10 million USDC; staked JUP votes on vote.jup.ag
- Legal entity
- Block Raccoon S.A. operates the jup.ag interface
- Company
- Jupiter states there is no equity entity in its structure; the operating budget is split between Foundation and Labs entities
- Founders
- Jupiter's docs name Meow as a co-founder; Jupiter's co-founders also co-founded Meteora
- Revenue
- 50% of on-chain revenue goes to the Litterbox Trust; the rest plus off-chain revenue funds the team, with excess to treasury
History
| Date | Event |
|---|---|
| 9 August 2022 | Sec3 audits Jupiter Swap v3, the earliest audit Jupiter lists. |
| 2024 | First "Jupuary" JUP airdrop. |
| 1 August 2024 | Proposal to cut JUP supply from 10 billion to 7 billion posted on the Jupiter forum. |
| February 2025 | The Litterbox Trust starts buying JUP with 50% of on-chain revenue. |
| July 2026 | Jupiter Terminal is renamed Jupiter Spot. |
Security and audits
- Jupiter lists third-party audits of its swap, perpetuals, limit order and other programs by Sec3, Offside Labs and OtterSec.
- Jupiter notes that audits are point-in-time reviews and do not guarantee programs are bug-free.
Security incidents
| Date | What happened | Source |
|---|---|---|
| 6 February 2025 | Hack: JupiterDAO's X account warned that the main @JupiterExchange X account appeared to be compromised and told users not to click links or copy contract addresses. Funds returned: not stated | x.com |
Further incidents are reported by third parties (press, incident databases) but are not confirmed in the company’s own channels, so they are not listed here.
Official JUP contracts
| Network | Contract address |
|---|---|
| Solana (JUP) | JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN |
| Solana (JLP) | 27G8MtK7VtTcCHkpASjSDdkWWYfoqT6ggEuKidVJidD4 |
Jupiter warns that imposter tokens with similar names exist; it lists JUP, JLP, JupSOL and JupUSD as its only tokens.
Risks and caveats
- Imposter JUP tokens exist; Jupiter asks users to verify the mint address before trading.
- Staked JUP is locked and must go through an unstaking period before it can be moved.
- JUP holders get no direct share of fees; value accrual relies on Litterbox Trust purchases and staking rewards.
Official links
- Website: jup.ag
- Docs: docs.jup.ag
- Developer docs: developers.jup.ag
- Source code: github.com/jup-ag
- Governance forum: discuss.jup.ag
- Voting: vote.jup.ag
- Support: support.jup.ag
Questions and answers
What is Jupiter?
Jupiter is a DeFi platform on Solana whose aggregator routes swaps across Solana liquidity; it also offers perps, lending and limit and DCA orders.
What is the JUP token?
JUP is the governance token of the Jupiter DAO; holders stake it to vote and earn Active Staking Rewards, but it gives no direct share of fees.
What is the supply of JUP?
A community-approved reduction cut supply from 10 billion to 7 billion JUP, and the Litterbox Trust has burned about 134 million JUP.
Who operates Jupiter?
The jup.ag interface is made available by Block Raccoon S.A.; governance runs through the Jupiter DAO.
Is Jupiter audited?
Jupiter lists audits by Sec3, Offside Labs and OtterSec for its swap, perps and other programs, while noting that audits do not guarantee safety.
Sources
- Jupiter Developer Docs — Get started
- Jupiter Developer Docs — Terms of Use
- Jupiter Docs — What is Jupiter Spot
- Jupiter Docs — JUP token overview
- Jupiter Docs — JUP tokenomics
- Jupiter Docs — Transparency
- Jupiter Docs — Jupiter DAO overview
- Jupiter Docs — Staking
- Jupiter Docs — Security
- Jupiter forum — Token supply reduction proposal
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