If you ever want to feel proud of your ability to lose money, might I suggest investing in Jupiter? Not the planet, but the token—which, incidentally, is far more volatile and probably causes just as much existential dread. Apparently, it decided to actually go up for a change, soaring 11% like an over-caffeinated seagull, all because Solana’s little DeFi sandbox got crowded with more kids and slightly fewer lawsuits this week.
Picture this: some poor sap checks their wallet on May 7, sees Jupiter (the biggest DEX aggregator on Solana, or so it likes to tell its parents), and gasps. Did they gain nearly 12%? Yes, they did. Is their net worth still nothing to brag about at family dinners? Also yes. Jupiter hit $0.4622, which is impressive if you ignore it was once worth so much more—I’m talking 44% more, which Jupiter elegantly let slip away, like a cat coughing up a hairball made of dollar bills.
Meanwhile, Bitcoin made its way past $100,000, strutting down Main Street like the prom queen nobody voted for. This gave altcoins a chance to break out their party hats, with at least a third of them remembering how to turn green on the charts over the past month. Jupiter, true to form, was late to the party and probably forgot to bring snacks.
For anyone keeping a scorecard, here’s the embarrassing part: over 90 days, Jupiter tanked by 44%. Some might consider that “character building.” Others just call it painful. Yet, as Solana’s ecosystem flourishes, bullish types are lining up to say, “This time is different!” (Spoiler: it never is, but let’s play along.)
Why Is Jupiter Suddenly Wearing Its Fancy Pants?
Hold on to your algorithmic hat, because Solana’s DeFi neighborhood is gentrifying fast. DEX volume just snapped past $800 billion for 2025 alone. Sure, half of that was basically January—we all make resolutions, right? But unlike my diet, Solana’s volume didn’t fizzle after three weeks.
Jupiter seems to have glued itself to the throne, grabbing 42% of that volume ($334 billion, give or take a decimal crisis), while Raydium lagged behind, looking like the kid picked last for dodgeball at 23.48%. It’s not a contest unless you count bragging rights at awkward work mixers.
If your dream is cornering a market, behold: Jupiter now has 95% of DEX aggregator market share on Solana. Frankly, you’d have to try pretty hard to avoid it—like those off-brand chewy vitamins nobody really wants, but they’re there anyway. So, if this DeFi renaissance keeps rolling, and nobody trips over a rug pull or three, JUP might just keep inching upwards. Or not. No pressure!
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2025-05-08 21:30