tl;dr
Solana’s largest decentralized exchange aggregator, Jupiter, is pausing all community governance voting until at least the end of 2025 and will keep its governance Treasury sealed until 2027 to address community burnout and focus on product innovation. This suspension disables the primary utility of...
Solana’s largest decentralized exchange aggregator, Jupiter, is pausing all community governance voting until at least the end of 2025 and will keep its governance Treasury sealed until 2027. This decision aims to address community burnout and refocus efforts on product innovation. By suspending token-based governance and rewards, Jupiter temporarily disables the main utility of its native token, JUP, in governance activities.
Despite maintaining a strong market presence with over $2.2 billion locked in value and averaging $1.6 million in daily fees, Jupiter has faced a significant drop in user traffic by up to 60%. Competitors like PumpSwap have taken the lead in the meme coin trading niche, dominating much of Solana's trading volume. The Jupiter DAO’s Treasury, known as the Litterbox Trust, will remain inaccessible for new spending or budget proposals throughout the suspension period.
Revenue from staking services, including jupSOL, will continue to support the Treasury, but new JUP minting for governance rewards and workgroups is halted. Approximately 50 million JUP tokens remain reserved for ongoing staking incentives, and, aside from a pending 700 million token distribution from the Jupuary airdrop, no further emissions are planned. The pause in governance rewards is expected to reduce selling pressure on JUP, which has recently hovered near its annual low of about $0.40.
Looking ahead, Jupiter plans to introduce a redesigned governance model in 2026, aiming to resolve previous disputes and streamline decision-making processes. This overhaul is intended to rebuild trust within the community before fully reopening the Treasury in 2027, marking a new chapter focused on sustainable growth and innovation.