Jupiter’s JUP token now on PDAX

What is JUP?

Solana-based decentralized exchange (DEX) Jupiter launched its native token JUP in January 2024. JUP is the backbone of Jupiter’s ecosystem which enables various functionalities for holders. 

JUP gives holders governance and allows them to vote on the timing of the initial liquidity provision, future JUP emissions beyond the initial mint, and key ecosystem initiatives.

Aside from its role in governance, JUP has several benefits on the platform which include lowered fees, priority access to the Jupiter launchpad (a platform within the Jupiter ecosystem designed to support and promote new projects on the Solana blockchain), and a share of platform fees that gives users more value and incentives.

JUP Tokenomics

Early adopters were rewarded with JUP tokens which strengthened the platform’s adoption. It drove liquidity and raised Jupiter’s market capitalization to $1.44 billion as of March 20, 2025. JUP has a total supply of 10 billion tokens. As of now, approximately 2.6 billion JUP tokens are in circulation. 

A total of 2 billion JUP tokens (20% of the total supply) are allocated to current team members. These tokens will begin vesting in February over a two-year period. In addition, 2 billion JUP tokens will be set aside for future team members, strategic investors, and past stakeholders. These tokens will be locked for at least one year.

The highest price paid for JUP is $2.00, recorded on Jan 31, 2024. Meanwhile, the current price is at $0.5358 and is ranked #70 in terms of market cap as of March 20, 2025.

What’s on Jupiter?

Unlike traditional DEXs that depend on a single liquidity pool, Jupiter functions as an aggregator, scanning multiple platforms to secure the best possible rates. This approach is especially useful during periods of high market volatility when token prices can change rapidly.

At the same time, Jupiter supports hundreds of tokens that range from SOL and USDC to memecoins – a much-needed tool for all types of traders.

True to its decentralized nature, Jupiter doesn’t require Know Your Customer (KYC) verification. This means users can trade anonymously and preserve their privacy while interacting within the platform. However, users should still be wary of local regulations as compliance requirements may vary.

Ready to start with crypto? JUP is now on PDAX. 

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