tl;dr
Jupiter’s total value locked (TVL) on the Solana blockchain has surpassed Raydium's, making it the second-largest protocol. The surge in TVL, now at $2.87 billion, follows positive developments and acquisitions by Jupiter at the Catstanbul 2025 event. Its JUP token has seen increased demand and a 24...
Jupiter’s total value locked (TVL) on the Solana blockchain has surpassed Raydium's, making it the second-largest protocol. The surge in TVL, now at $2.87 billion, follows positive developments and acquisitions by Jupiter at the Catstanbul 2025 event. Its JUP token has seen increased demand and a 24% price uptick, trading at $1.19. Technical indicators suggest the potential for an extended rally, with the possibility of surpassing $1.22 and reaching $1.46. However, a resurgence in selloffs could lead to a price drop to $1.08.
Jupiter’s TVL has surged by 5% over the past week, now standing at $2.87 billion, securing its place as the second-largest protocol on Solana by TVL, displacing Raydium, which now sits in third place with a TVL of $2.70 billion. The surge in TVL follows a series of positive developments announced by the DEX at the Catstanbul 2025 event. Notably, Jupiter revealed its acquisition of a majority stake in Moonshot and SonarWatch to create a Solana portfolio tracker. Additionally, the DEX committed to allocating 50% of its protocol fees toward JUP buybacks and a planned burn of 3 billion tokens, boosting its TVL significantly over the past few days.
Jupiter’s JUP token has reacted positively to these developments, seeing increased demand, driving up its value and emerging as the market’s top gainer over the past 24 hours. It trades at $1.19 at press time, noting a 24% price uptick. Technical analysis indicates the potential for an extended rally, with the possibility of surpassing $1.22 and reaching $1.46, or a price drop to $1.08 in the event of a resurgence in selloffs.