What is Jupiter (JUP)

1. Project Introduction
Jupiter is a DEX aggregator based on the Solana blockchain, designed to aggregate liquidity for traders seeking the best possible prices with minimal slippage. The product is divided into two main components: trading infrastructure and the LFG Launchpad. The trading infrastructure includes features like liquidity aggregation, Perpetual (Perps) trading, meme token trading (Ape), limit orders, and Dollar-Cost Averaging (DCA) strategies. In January 2024, Jupiter launched the beta version of its Launchpad, completing token offerings for six projects, including JUP, WEN, and ZEUS.
Summary: Jupiter is regarded as the "Uniswap and gold shovel" of the Solana ecosystem, thanks to its trading gateway and Launchpad capabilities. It currently holds the highest Total Value Locked (TVL) among DEXs in the Solana ecosystem. According to Dune, Jupiter has processed a total trading volume of $275.9 billion, with 8.98 million traders. Its 24-hour trading volume is $677 million, with around 139,000 active traders in the same period.
2. Team & Investment Info
Meow: Co-founder, founder of Raccoons Labs, previously served as chief advisor for Instadapp, Kyber, and Blockfolio, co-founder of wBTC, and a founding contributor to the Handshake project.
Ben Chow: Co-founder of Jupiter and Meteora. He was part of the founding team at Hive7, a social gaming company that raised Series A funding from True Ventures. Ben helped the company grow from 3 to 20 employees and played a key role in designing and launching the hit social game Knighthood in late 2007.
SIONG: Co-founder.
Investment: No specific public funding information is available.
3. Social Media URLs
X: https://x.com/JupiterExchange
Discord: https://discord.com/invite/jup
4. Token Info
Token Symbol: JUP
Total Supply: 10,000,000,000
Token Type: Solana
Issuance/Burn Mechanism: Fixed supply
Contract Address:
https://solana.fm/address/JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN
Token Distribution:
50% of the tokens are allocated to the team, and 50% to the community. In the Genesis token distribution, a total of 1.35 billion tokens (13.5%) were put into circulation. This includes 1 billion tokens for airdrops (10%), 250 million tokens allocated to the Launchpad, 50 million as loans to market makers, and 50 million for liquidity provision.
5. Related Links
Official Website: https://jup.ag/
White Paper: https://station.jup.ag/guides
Other Info:
https://www.rootdata.com/Projects/detail/Jupiter?k=MTAwMDA%3D