In the midst of a bloody start of the week on the cryptographic markets, which saw liquidations near the monthly summits while various major tokens fell with two -digit percentages, the native token of the Dex aggregator based in Solana, Jupiter defies the trend on a new redemption plan.
TradingView data shows that JUP increased by more than 34% against Bitcoin in last week, despite a drop of 11% in the last 24 hours, compared to the 4% BTC drop.
JUP’s outperformance is the result of a series of announcements made at its first event, Catsanbul 2025, which responded to public services concerns. The pseudonym founder of the protocol, known as “ Meow ”, revealed that 50% of all protocol costs should be used to buy tokens on the free market, the tokens being moved to a “long litter term “, a long term reserve.
This decision has led to an increase in prices, which demonstrated a “high level of investor confidence in the project and its strategy,” according to Bitget Research chief analyst Ryan Lee. He said the increase in attention to the platform could attract new users and liquidity to the Solana ecosystem in the long-term.
In a declaration in Coindesk, Lee noted that the buyout program could “act as a long -term growth catalyst, because the team believes that it could add hundreds of millions of dollars to the volume of buyout per year”.
Jupiter is the main DEX aggregator of Solana, having facilitated almost 2.2 billions of dollars in total volume of more than 1.25 billion swaps of tokens, according to data from Dune Analytics. In the past 24 hours, its negotiation volume was $ 6.5 billion out of $ 6.9 million.
“Monopolistic behavior”
The announcement may have helped the overvoltage of JUP prices, but it has aroused certain concerns of the community.
Chris Chung, the founder of Solana Swap Platform Titan, wrote in a statement sent by e -mail to Coindesk that the “News of the weekend that Jupiter – Dex the most used by Solana – implemented 5 pb costs for exchanges Basic in default “ultra” mode is disappointing new for merchants. »»
Jupiter’s ultra mode is defined to include features such as real -time sliding estimate, dynamic priority costs and optimized transaction landing, all reinforced by a new “Jupiter Shield” security tool. The success of the protocol, Lee de Bitget Research told Coindesk: “can be accompanied by the risk of centralization.”
“If Jupiter continues to increase his influence and become the dominant actor of the Solana ecosystem, this could lead to excessive exaggeration on a single project,” said Lee, adding that the “situation is contrary to the principles of the Blockchain which are intended for decentralization and distribution of influence. »»
Chung added that the “Solana’s full value proposition is a lower and higher cost, and an increase of 5 to 10 SBPS in trading costs is important in this context. But it is particularly disappointing when a paying model is implemented when there is no perceptible performance gain compared to the previous free version, especially when the features in question are essential in landing transactions . »»
Jupiter also announced that it had acquired a majority participation in Monshot, the Memecoin trading platform which was presented on the same website of the US President Donald Trump and would have “brought 200k + new people” accordingly “.
The protocol has also acquired the portfolio tracker on Sonarwatch chain, which coupled with the means of acquisition of Moshot, for Chung, that Jupiter “clearly seeks to dominate the entire Solana ecosystem”, in a decision that is both “unhealthy and prejudicial to innovation and user experience. “”
For the founder of Titan, Jupiter’s movements represent a “monopolistic behavior” which allows holders to “increase the prices more and more in the absence of competition”, the type of behavior that decentralized finance was supposed to eradicate.
Souhorning these concerns, Jupiter also announced the launch of JUPNET, describes as an Omnichain network designed “to aggregate the whole crypto in a single large decentralized book for maximum ease of use for users and developers”. Its public beta version is coming in the coming months.
Although the domination of the DEX aggregator may have aroused concerns about the potential concentration of power in the hands of a single player, it could have a silver lining. The emphasis put by Jupiter on Solana’s ecosystem could lead to a new wave of developers engaging with him and creating new unique products, added Lee de Bitget.
Mike Cahill, co-founder and CEO of the main contributor to Pyth Network, Douro Labs, underlined Jupiter’s movements as a “clear commitment to broaden the infrastructures of DEFI and improve liquidity dynamics”. The innovation approach, he added, could “push a new influx of manufacturers in the Solana ecosystem, which means that we will see many new mecoins and many new DAPs accordingly”.
Jupiter did not respond to the request for comments from Coindesk at the time of the press.
