Jupiter Token Surges 11% Amid Solana DeFi Frenzy—Wall Street Still Doesn’t Get It

Solana’s decentralized finance ecosystem flexes its muscles again as Jupiter’s native token JUP rockets 11% in 24 hours. The DEX aggregator now commands over 70% of Solana’s DeFi volume—while traditional finance scrambles to explain ’that blockchain thing’ to their clients.

Behind the pump: TVL on Solana cracks $15B for the first time since FTX collapsed, with Jupiter leading the charge. The protocol processed $1.2B in swaps yesterday—enough to make legacy payment processors sweat.

Bonus jab: Meanwhile, your bank still charges $25 for wire transfers that take three business days. Progress marches on.

Notably, Jupiter was not among the best performers during that period. In fact, it was one of the worst, losing 44% of its value over the past 90 days. Still, the strength of Solana’s ecosystem—where Jupiter continues to maintain dominance, is fueling renewed optimism.

Jupiter rises on Solana DeFi Growth

Part of the reason why Jupiter is recovering is thanks to the growth of Solana’s DeFi ecosystem. The surge coincided with Solana’s DEX volume breaking $800 billion so far in 2025. While more than half of this volume was in January, trading volumes remained consistent so far this year.

This benefits Jupiter, which maintains a dominant position among Solana-based applications. So far in 2025, its DEX aggregator has accounted for 42%, or $334 billion, of all DEX volume on the chain. Raydium was a distant second, handling 23.48% of the total.

Moreover, Jupiter controls 95% of the market share among DEX aggregators on Solana. As the most popular DeFi app in the ecosystem, Jupiter is well positioned to benefit from Solana’s continued recovery and expanding user base. If ecosystem growth persists, the JUP token is likely to follow.