Jupiter

Jupiter (jup.ag) is a Solana DeFi app, not the planet or the UK fund manager. It started as a DEX aggregator. For each swap it checks the major Solana exchanges and picks the best price. Swaps are still its core, but Jupiter now calls itself "The Home of Onchain Finance". In one app you can trade tokens and tokenized stocks, and trade perps against the JLP pool. You can also lend, borrow, stake SOL, bridge and bet on prediction markets. There is a wallet, a mobile app and a payment card. Everything except the card runs from your own wallet. The JUP token is used for governance and staking.

In July 2026 Jupiter split its products into Trade, Earn and Manage, per Crypto Briefing. Its docs add Labs, for tests such as YOLO, and Launch, with tools for token teams.

How Jupiter Exchange works: swap routing, Ultra and fees

Jupiter doesn't hold the tokens you swap. On each trade it checks venues such as Raydium RAY$1.58-3.5%, Orca ORCA$1.25-1.1% and Meteora MET$0.288-3.4%, plus big trading firms that quote prices. It can split one order across several routes, so a large trade moves the price less. Its trade engine, Ultra, picks your slippage and fees and makes sure the trade goes through. Apps can use the same engine through its API, per Jupiter's developer docs.

Ultra swap fees are published by pair type:

• 0 bps for pegged pairs (LST to LST, stable to stable) and for buys of JUP, JLP or JupSOL;
• 2 bps for SOL to stablecoin, and 5 bps for LST to stablecoin;
• 10 bps for all other pairs, and 50 bps for tokens less than 24 hours old.

In September 2026 Jupiter moved to Solana's new, larger transaction format. Jupiter said this gives better prices on almost a fifth of pairs (our coverage).

The same swap screen also trades stocks in token form. On 26 October 2026 Jupiter added the "Magnificent Seven" US tech stocks, such as Tesla and Nvidia, which you can trade at any hour. The app lists stock tokens from several issuers, such as Backpack, xStocks AAPLx$356.84+2.8% and Ondo (announcement).

Jupiter Bridge and Universal Deposit: moving funds to and from Solana

Jupiter Bridge does for bridges what Jupiter does for swaps. It asks GUM, Mayan, Relay Protocol, NEAR Intents and Circle USDC$1.000+0.2% CCTP for quotes, then ranks the routes by how much you get and how fast. It can swap on the way, so ETH on Arbitrum can arrive as SOL.

Jupiter Bridge launched in beta on 27 October 2026 (announcement, our coverage). It links Solana with more than 50 networks, in both directions. For now Jupiter charges no bridge fee of its own, so you pay only network and provider fees.

Universal Deposit is the simpler, one-way option, live since September 2026. Send tokens from another chain and they arrive as USDC in your Solana wallet, for a flat $0.30 fee. It started with Ethereum, Base, Arbitrum and Sui, and has since added Robinhood Chain and BNB Smart Chain.

Jupiter limit orders and DCA

Jupiter lets you set a limit order: buy or sell when a token hits your price. You can also pair orders, so one fill cancels the other (OCO), or one order triggers a pair (OTOCO). DCA spreads a buy over time, with optional price limits. Your funds wait in a vault until the order fills. Since September 2026, Ledger users see these orders in plain words before they sign, using an Anza signing standard that Jupiter was first to adopt (announcement, our coverage).

Jupiter Perps and JLP: leverage, fees and how the pool earns

Jupiter Perpetuals lets traders go long or short with up to 250x leverage on its original SOL, ETH and BTC markets, per its docs. These markets have no order book. Traders borrow from a single liquidity pool, and prices come from on-chain oracles. Liquidity providers hold JLP, a token backed by a basket of SOL, ETH, wBTC, USDC and JupUSD. When traders lose, the pool gains. When traders win, JLP holders pay.

On these markets you pay a 0.06% fee to open and again to close. On top come a price-impact fee and an hourly borrow fee. JLP holders get 75% of the fees from these markets, per the JLP docs, and Jupiter keeps the rest. You can attach take-profit and stop-loss orders. Other apps now take JLP as collateral too, including Bullet since October 2026.

Order-book perps on GUM: JUP, HYPE, ZEC and tokenized stocks

In September 2026 Jupiter added a second kind of perps market. These six beta markets run on an order book on the GUM network, but you trade them from Solana (our coverage). They cover JUP, HYPE and ZEC, plus tokenized SpaceX, SanDisk and SK Hynix. At first you had to stake JUP to use them. On 29 October 2026 Jupiter dropped that rule and cut fees (announcement).

These markets take USDC only, and you hold one net position per market. Instead of a borrow fee, you pay maker or taker fees and an hourly funding rate. The bigger the position, the lower the leverage allowed. Jupiter says take-profit and stop-loss orders are coming.

Jupiter YOLO: 1,000x leverage and the House payout queue

YOLO is a test product from Jupiter Labs, launched as a beta in mid-October 2026. You bet that SOL, BTC, ETH, ZEC or HYPE will go up or down, with huge leverage: 500x to 1,000x. The Defiant reported that YOLO launched without an audit.

You stake JupUSD, from as little as $5. There are only market orders, with no stop loss or take profit (Jupiter Trade).

At that leverage, a move of about 0.1% to 0.2% against you wipes out the position, per Jupiter's YOLO docs. Jupiter takes 2% of the profit on a winning trade, plus a tiny fee on every close.

YOLO does not use the JLP pool. You trade against a separate "House" that is funded only by traders' losses. When you close a trade before liquidation, your stake always comes back. Your profit is paid only if the House can cover it in full. If not, you join a queue, first come first served, with no promised payout time.

Jupiter Lend, Multiply and Offerbook: borrowing and earning on Solana

Jupiter Lend is a money market: you deposit tokens to earn interest, or borrow against them. It was built with Fluid and also offers flash loans. Lend v2 came out in August 2026. With it, your deposit, and even your loan, can earn a share of swap fees from trades that pass through its pool. Both rates move with demand (our coverage). In October 2026 Anchorage's USDGO stablecoin went live on the Lend AMM.

Multiply vaults automate leveraged loops, such as JLP loops and the sUSDai vaults added in September 2026 (our coverage). Loops can be retired: Jupiter closed the JUICED Loop in late September.

Jupiter Lend deposits hit a then-record $2.41 billion on 22 September 2026, per Jupiter Earn.

Offerbook is a separate market where people lend USDC to each other at a fixed rate, for up to a month, per its docs. Borrowers and lenders both post offers with their own terms. Collateral can be a verified token, a tokenized stock, or an NFT from an approved collection. It stays locked for the whole term, and a price drop alone can't close the loan.

Jupiter SOL staking and JupSOL: fees, validators and institutional options

Jupiter offers two ways to stake SOL, side by side on a staking page it redesigned in October 2026.

Native staking delegates your SOL to Jupiter's own validator. It takes 5% of inflation rewards and none of the MEV. Your stake starts earning within about a day, and takes up to about a day to unlock.

JupSOL is the liquid option. It starts earning at once and grows in value as rewards build up. You can use it as Jupiter Lend collateral, in loops, or swap it. JupSOL pays the same 5% validator commission, and the Sanctum CLOUD$0.044+0.2% infrastructure it runs on adds a further 5% fee on base rewards (staking docs). To exit, swap it at the market price, turn it into native stake, or unstake and wait for the epoch to end.

Jupiter is courting institutions here:

• Twinstake joined the JupSOL validator set on 27 October 2026. Twinstake clients who choose JupSOL can have the underlying SOL delegated to Twinstake's validator (Chainwire).
• A Jupiter x BitGo validator, run by Jupiter, lets eligible clients of BitGo Bank & Trust stake SOL from custody (BitGo, our coverage).
• Holders of 25,000 SOL or more can choose JupSOL, native delegation, or a white-label validator Jupiter runs under the client's brand.

For retail users, Jupiter Wallet added Auto Earn for SOL in October 2026.

JupUSD stablecoin

JupUSD is Jupiter's own dollar stablecoin, built with Ethena USDe$0.9990.0% and launched in January 2026. Jupiter's docs put nine-tenths of its reserves in Ethena's USDtb and the rest in USDC. USDtb in turn holds a BlackRock fund of US government debt.

Jupiter uses JupUSD to pay out its own prediction markets and as the stake in YOLO. You can also lend it on Jupiter Lend. When ParaFi Capital bought $35 million of JUP in February 2026, the deal settled in JupUSD.

Jupiter prediction markets: Polymarket and Forecast

Jup Predict lets you bet on real events in the Jupiter app. In February 2026 it added Polymarket, so you can bet on its sports, politics and culture markets without leaving Solana. In June 2026 Jupiter launched Forecast, its own market. Several firms quote each price, and Jupiter sends your order to the best one (our coverage). Forecast pays out in JupUSD. Weekly "clan" leagues reward the top traders.

Jupiter Wallet, Mobile app, Portfolio and card

Jupiter Mobile and the Jupiter Wallet browser extension are Solana wallets with swaps built in. You hold your own keys, which stay on your device, per Jupiter's wallet docs. The wallet can also close empty token accounts to get back the SOL locked in them. Portfolio v2, from August 2026, shows your DeFi positions in other apps and lets you manage them (our coverage). In October 2026 the app added Revolut Pay as a way to buy crypto.

The app also has a Spend account with a payment card, run with licensed partners Rain and DCS, per Jupiter's Spend docs. A physical card went on order in late September 2026, and Send to Spend tops up the card with USDC in one step (our coverage).

Jupiter Gacha sells packs of real trading cards, stored in vaults and held as tokens. For a few days after each pull, you can sell the card back at the pack's set rate. Gacha sits under Trade and also runs in the app.

Other apps use Jupiter too. In October 2026 Decrypt began offering Jupiter-powered swaps in its Money Accounts, where users hold their own keys (our coverage).

Jupiter Studio, VRFD token verification and Lock

Jupiter's Launch tools are for token teams. VRFD is how a token gets verified on Jupiter. Anyone can apply at verified.jup.ag, not only the team, per Jupiter's verification guide. Standard review is free but has no set timeline. Express review costs 1,000 JUP and promises an answer within two days.

Reviewers weigh market cap, real trading activity, how widely the token is held, a unique ticker and on-chain liquidity. Social support on X counts most. Jupiter doesn't publish the exact thresholds, so that projects can't game them.

Studio launches a new token on a bonding curve, with an optional extra fee in the first seconds to deter sniper bots. The creator earns half of the 1% trading fee. Lock sets up vesting, so tokens unlock on a schedule.

How to withdraw from Jupiter and cash out

Jupiter doesn't hold your swap balance, so there is nothing to "withdraw" from jup.ag itself. Your tokens sit in your own wallet. To cash out, swap to USDC or SOL, then send it to an exchange or off-ramp that supports Solana deposits.

Products that lock funds have their own exits:

• Jupiter Lend deposits come out from the Earn or Lend page, subject to available liquidity and Jupiter Lend's rolling withdrawal limit.
• Perps and YOLO positions return your collateral when you close them, though YOLO profit may queue.
• JupSOL can be swapped, converted to native stake, or unstaked at the end of the epoch.
• Spend balances can go out through virtual accounts, SWIFT transfers and local payouts, per the Spend docs.

The Spend deposit address on Solana accepts only USDC or USDT. Other tokens sent there can't be recovered. Use Send to Spend, which converts for you.

Who is Jupiter for?

• Spot traders and memecoin buyers on Solana will find it the default route for most swaps. Paste a verified contract address rather than searching by ticker, because anyone can create a token with a copycat name.
• Leverage traders get SOL, ETH and BTC perps from their own wallet, plus order-book markets in JUP, HYPE, ZEC and tokenized stocks. Hourly borrow and funding fees add up, so the perps suit short-to-medium holds better than long ones. YOLO is closer to a wager than a hedge: treat any stake there as money you can lose in a 0.1% move.
• Yield seekers can use Jupiter Lend, Multiply and JLP, which all pay variable returns. JLP suits holders who accept direct exposure to traders' profits and losses and to a basket weighted towards SOL. Lenders should be comfortable waiting for withdrawals when borrowing spikes.
• SOL stakers who want DeFi use of staked SOL fit JupSOL. Native staking, BitGo custody and the white-label validator suit custodied or large holders.
• Builders can use Jupiter's Swap, Lend, limit order and DCA, Price and Tokens APIs to add routed swaps without running their own router.
• Jupiter is not a fit if you want a custodial account with full fiat banking and someone to call. Apart from the Spend account, Jupiter offers neither.

Is Jupiter Exchange safe? Audits, custody and risks

Jupiter is a real, widely used app, but "safe" depends on which part you use. For swaps, orders, Lend and perps, you keep custody. Your wallet signs every transaction, and Jupiter can't move your funds without your signature. The Spend card is the exception: card partners hold that balance.

Each product has its own audits, and Jupiter lists them by program. Check the one that covers what you use:

• Swap v6: Offside Labs (April 2024 and October 2025). Sec3 audited the older v3.
• JupiterZ, the quote-request layer: Offside Labs (November 2024).
• Perps: Offside Labs, OtterSec and Sec3 (undated on the list).
• Jupiter Lend: Zenith, MixBytes, OtterSec and Offside Labs in 2025, a Code4rena contest in early 2026, and two rounds of Certora formal verification.
• The Lend AMM behind v2: Zenith, OtterSec and Neodyme (April to June 2026).
• Offerbook: Cantina and Guardian (May to July 2026).
• JupUSD: Guardian, Pashov Audit Group and Offside Labs (December 2025).
• Limit Order v2, Lock and the DAO programs also appear, with undated reports.

YOLO and Studio do not appear on the list. YOLO launched as an unaudited beta, per The Defiant. Audits review code within a defined scope and don't guarantee solvency.

What can go wrong:

• Lending withdrawals can stall. Jupiter Lend caps how fast liquidity can leave: over each window, usually six hours, up to a set share of a vault's supply (usually 25%) becomes withdrawable (docs). You also can't withdraw what borrowers hold.
• That happened on 30 October 2026, the day after Binance's hot-wallet drain. Borrowers had taken almost all the USDC in Jupiter Lend's main vault, and at one point only about 8 USDC could be withdrawn, Unchained reported. Jupiter said it had no Binance exposure and that the protocol was functioning as expected. Late that day it said USDC withdrawals were available again (our coverage).
• YOLO payouts aren't guaranteed on time. If the House is short, profits queue until later traders' losses refill it.
• Program upgrades are a trust assumption. Jupiter's audit page doesn't say who can upgrade each program, and we couldn't read the upgrade authorities on-chain for this update.
• JLP carries counterparty risk: a run of winning trades lowers the pool's value. JLP is also used as collateral elsewhere. In the April 2026 Drift Protocol DRIFT$0.011-3.5% exploit, about $155 million of the stolen assets were JLP, per CoinMarketCap (TRM Labs on the attack).
• Looped and leveraged positions can be liquidated if rates or prices move.
• Copycat tokens and fake jup.ag domains are common. In February 2025 Jupiter's own X account was hijacked to promote a scam token.
• Sandwich attacks remain common on Solana. A September 2026 study counted about 28 million over three years and found that front-running protections are weaker than users expect. Ultra sets slippage for you; wide manual slippage settings invite sandwiching.

Jupiter vs Raydium, Titan and other alternatives

Jupiter and Raydium do different jobs. Raydium is a venue: it holds the pools where you can add liquidity or launch a token. Jupiter is a router, and its quote usually includes Raydium's pools. So for a plain swap, Jupiter is the one to compare prices on. To provide liquidity, go to Raydium, Orca or Meteora directly.

Titan is a rival router one level up. It asks other routers, Jupiter among them, for quotes and picks the best. At its March 2025 launch Titan claimed its own routing wins 80% of the time. That is Titan's claim, not a test of ours. Titan only does swaps. Jupiter adds perps, lending, staking and a wallet.

For lending, Kamino Finance is the main Solana rival to Jupiter Lend. JupSOL competes with other Solana LSTs, including compassSOL, which Solana Compass runs. You can compare them on our stake pools page, or read how LSTs differ. The wallet's rent-reclaim feature overlaps with our token account cleanup tool. Jupiter Studio overlaps with our tool for minting a new SPL token. Disclosure: Solana Compass runs all of these rival products.

JUP token: supply, staking rewards and the Jupuary airdrop

JUP is Jupiter's governance token. In January 2025 Jupiter burned the 3 billion JUP set aside for its team, which lowered the cap on supply to 7 billion. At the same event it pledged half of its fees to buying back JUP (CoinMarketCap).

Staked JUP votes in the Jupiter DAO, and stakers share 50 million JUP a quarter in rewards, per Jupiter Earn.

In February 2026 the DAO voted on the Net-Zero Emissions plan, which passed. The plan:

• postponed the Jupuary 2026 airdrop indefinitely and returned its 700 million JUP to the community cold multisig, keeping the snapshots for a possible future vote;
• replaced team token vesting with credits on Jupiter's balance sheet;
• committed Jupiter to buying back JUP sold by holders of old Mercurial allocations.

Who founded Jupiter? Team and history

Jupiter was founded by a developer who goes by the name Meow. Kash Dhanda is its COO. Jupiter went live in late 2021 as a swap router, then added limit orders and DCA.

JUP launched with an airdrop in January 2024. That April, Jupiter bought Ultimate Wallet to build its mobile app. Perps came next, with BTC, ETH and SOL.

Since 2025 Jupiter has added Lend, JupUSD, prediction markets, Universal Deposit, perps on GUM, YOLO and the bridge.