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Jupiter Soars 11%: Solana’s DeFi Boom Unveiled!

Crypto
Last updated: May 8, 2025 6:16 pm
Crypto
Published May 8, 2025
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Jupiter Soars 11%: Solana’s DeFi Boom Unveiled!

Jupiter Token Surges as Solana’s DeFi Ecosystem Thrives

Jupiter (JUP), the leading decentralized exchange (DEX) aggregator on Solana (SOL), has seen a meaningful boost.On May 7, the token rose by 11.83%, hitting $0.4622. This growth is fueled by the broader market rally and the expansion of Solana’s ecosystem.

Bitcoin’s (BTC) recent surge above $100,000 has sparked a wave of altcoin momentum. The altcoin Season Index reached its highest level as February, with 33 out of the top 100 altcoins showing gains over the past 30 days. Despite Jupiter’s 44% dip over the last 90 days, it’s now recovering. The strength of Solana’s DeFi sector is a key factor. Solana’s DEX volume has surpassed $800 billion in 2025,with January accounting for more then half of this volume. Jupiter’s dominance in Solana’s DeFi space is a major contributor to this uptick.The platform controls 95% of the DEX aggregator market share on Solana. In 2025, Jupiter’s DEX aggregator handled 42% of all DEX volume on the chain, totaling $334 billion. Raydium follows with 2.48% of the volume.

While Jupiter wasn’t among the top performers recently, losing 44% over 90 days, its position remains strong. Jupiter’s DEX aggregator has processed $334 billion, or 42% of Solana’s DEX volume. This dominance positions Jupiter well for future growth.

  • Jupiter controls 95% of Solana’s DEX aggregator market.
  • It’s the moast popular DeFi app on Solana.
  • The token’s recovery aligns with Solana’s DeFi growth.

as Solana’s defi ecosystem expands, Jupiter is poised to benefit. If this trend continues, the JUP token is highly likely to see further gains. For more insights, check CoinMarketCap for the latest updates.

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