Introduction to Jupiter Protocol (JUP)

Jupiter is a liquidity aggregator developed using the Solana blockchain and is one of the largest DeFi protocols on Solana, with transaction volume reaching $3.7 billion in November 2023 alone.

Jupiter started out as a liquidity aggregator for token trading, similar to 1inch on Ethereum. With the help of this protocol, users can trade cryptocurrencies within the network. But recently, the platform also added GMX-style perpetual contracts.

Essentially, Jupiter optimizes the platform to support dApps that run securely on both public and private networks. At the same time, the project provides users with secure access to the blockchain.

As of January 28, Jupiter’s 24-hour trading volume reached $388 million, surpassing Uniswap V3 to become the number one DEX.

Features:

Project Jupiter provides a convenient user interface for every user. Jupiter's core functions include token exchange, cross-chain, liquidity provision, etc. In order to meet the needs and ease of use of dApps, the protocol will continuously optimize its functions to achieve the best results.

Jupiter's biggest feature is that it connects all decentralized exchanges (DEX) and automated market makers (AMM) pools and provides the best quotes through its proprietary intelligent routing system. This feature automatically refreshes newly added tokens, increases platform transaction fees, and converts them into revenue within the platform. Users can also place orders at will to speed up redemption.

Leveraging the strengths of blockchain within the Solana ecosystem, Jupiter offers multiple exchange methods for many applications, dApps, liquidity sources, token lists, and more.

Today, Jupiter has partnered with several projects including: Raydium, Saber, Orca, Mercurial, Aldrin, DEXlab, Step Finance, Cropper, and more. Most of these Dapps are leading mining pool providers on Solana.