Jupiter Defies Gravity: 15% Surge Puts DeFi Back in the Spotlight

Decentralized finance isn’t dead—it’s just taking a victory lap. Jupiter’s token rockets past May highs as traders pile back into altcoins like Wall Street discovering caffeine.

DeFi summer 2.0? Maybe. But this time, the yield farmers brought charts—and a healthy dose of skepticism about ’institutional adoption.’

Jupiter rises on DeFi growth on Solana

As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana’s (SOL) growing ecosystem. Notably, by July, 42% of all solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.

For this reason, the latest increase in Solana’s DeFi metrics also contributed to Jupiter’s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million.

Solana’s network activity is also accelerating. Weekly transactions ROSE 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.