About

Jupiter is originally a DEX aggregator, and has grown into a full-suite platform spanning spot trading, perpetuals, lending, limit orders, DCA, a stablecoin (JupUSD), and prediction markets.

History

Jupiter was launched on Solana in October 2021. Co-Founders “Meow” and Ben Chow built the platform to serve as “the swap infrastructure for Solana.”

On March 28, 2023, Jupiter announced its Jupiter v2 upgrade, which included a rewritten routing engine using Rust and the implementation of transaction priority fees. On June 27, 2023, the Jupiter v3 upgrade was introduced, including the Metis routing algorithm and the DCA (Dollar-Cost Averaging) feature (in beta). The official launch of Jupiter’s DCA feature was announced on Sept. 18, 2023.

On Jan. 22, 2024, Meow introduced the Jupiter LFG Launchpad (beta) via a post on “X.” The launchpad focuses on liquidity bootstrapping and backstopping, and features a custom price curve tool. The post further states that the “DAO will vote for all projects to be launched.”

From Jan. 26-28, 2024, Jupiter conducted an airdrop for SPL WEN, a “culture token.” The WEN launch was designed to serve as a “lower stakes stress test” for the LFG Launchpad (beta) in preparation for the JUP token launch.

Following its launch on Jan. 31, 2024, traders can acquire JUP tokens by engaging with a JUP-USDC single-sided liquidity pool, in which 250.00 million JUP (2.50% of the maximum token supply) were allocated.

According to a forum post, “JUP is the governance token for the Jupiter ecosystem, which will be voting on a range of items crucial for the ecosystem, including launchpad projects, strict list disputes, and grants.” However, as of Feb. 2, 2024, no verifiable evidence was found to suggest the governance functionality is operational.

In January 2025, The Official Trump Meme (TRUMP) was launched using the LFG stack, "including the DLMM pool, ILM design and tight Jupiter integration."

In August 2025, Jupiter Lend's Beta was released.

In September 2025, 21Shares launches Jupiter ETP on the SIX Swiss Exchange under ticker AJUP. At the same time, Anchorage Digital added Jupiter to its Porto institutional wallet, deepening access for U.S. clients to Solana’s DeFi and marking a rare TradFi/DeFi integration.

In October 2025, Ethena Labs announced the introduction of JupUSD, a new stablecoin that serves as the native stablecoin within the Jupiter Exchange ecosystem.