Jupiter Token Surges as Decentralized Lending Platform Launch Nears
Jupiter token (JUP) has seen a significant boost,reaching its highest levels in months.On May 26, the token gained 15% in just 24 hours, trading at $0.61. This surge is largely due to the upcoming launch of jupiter Lend, a decentralized lending platform set for summer 2025.
The Solana-based DeFi protocol, Jupiter, is making waves again. The primary reason for this rise is the anticipated launch of Jupiter Lend.this new platform aims to be the most advanced money market on Solana.
Jupiter Lend will offer a loan-to-value ratio of up to 90%, higher than the 75% seen in most crypto lending platforms. Additionally, platform fees will be as low as 0.1%. these features are expected to attract many users.
Jupiter’s growth is also tied to solana’s expanding DeFi ecosystem. As the largest dApp on Solana, Jupiter benefits from the network’s increasing activity. By July, 42% of all Solana DEX transactions go through Jupiter. The platform holds 95% of the DEX aggregator market share.
The rise in Solana’s DeFi metrics has further fueled Jupiter’s growth. The value of memecoins on Solana has reached $14 billion,up from $6 million in July.Solana’s network activity is also on the rise, with weekly transactions up 7.3% to 462.5 million. Active addresses have surpassed 34.7 million, more than any other chain.
