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Reading: Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up
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Finances Investing and Crypto News > Blog > Crypto > Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up
Crypto

Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up

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Last updated: 27/05/2025 4:58 Sáng
admin
Published 27/05/2025
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Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform.

The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocol’s expansion plans.

The primary catalyst behind JUP’s rise is the anticipated launch of Jupiter Lend, a decentralized lending platform set to go live in the summer of 2025. Announced on Thursday, May 22, the platform aims to become “the most advanced money market on Solana.”

According to the protocol, Jupiter Lend will offer a loan-to-value ratio of up to 90%, significantly higher than the 75% offered by most crypto lending platforms. Platform fees are expected to be as low as 0.1%.

Jupiter rises on DeFi growth on Solana

As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana’s (SOL) growing ecosystem. Notably, by July, 42% of all Solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.

For this reason, the latest increase in Solana’s DeFi metrics also contributed to Jupiter’s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million.

Solana’s network activity is also accelerating. Weekly transactions rose 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.

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