@SolanaSensei NFTs got replaced by memecoins because they weren’t liquid enough
Memecoins then created an army of gamblers who eventually moved on to casinos and perps
NFTs and memecoins built real community. Casino and perps don't need it anymore
Hard to beat the pure CT energy of the 2021/22 NFT era
Drop an NFT from any account size and get flooded with hundreds of likes and welcomes
Celebrate a WL for the next hyped mint
Trade up to a blue chip and rock it proudly
These days hit different
No polymarket or UMA contracts have been exploited. All user funds are safe, and using https://t.co/3FEzuqLolJ is safe, so business as usual.
We had a 6-year-old private key that was compromised. This was in the internal top-up config, which is why funds were being sent to it. We have rotated this key, revoked all prod permissions and are moving all PKs to KMS keys from now on.
I am confident $JUP will outperform most tokens during the next altseason
Already up 15% in the last few days and holding strong alongside $HYPE & $ZEC while being valued 10x lower
One of the most asymmetric bets in crypto
Hard to beat the pure CT energy of the 2021/22 NFT era
Drop an NFT from any account size and get flooded with hundreds of likes and welcomes
Celebrate a WL for the next hyped mint
Trade up to a blue chip and rock it proudly
These days hit different
If you missed the $HYPE trade, good news:
There are hundreds more opportunities coming and you only need to catch a few
Be patient, stay in the game long enough, and it'll eventually pay off
There’s never been an app that lets you do everything. Until now.
Jupiter Mobile is your super app.
Trade, predict, spend, track all in one place.
Stop juggling apps. Stop switching wallets. Everything you need is here.
This is step one. More coming soon.
Just Use Jupiter (Mobile). 📲
Jup VRFD is essential for the ecosystem. It also features the express review, a great use case for $JUP
Burn 1,000 JUP → guaranteed review within 24-48 hours
More deflation while making the ecosystem more secure. A healthy $JUP flywheel
Metis V8: Solving The QE Drift
Metis, the top router in DeFi with more than $2T+ in lifetime volume, has always been focused on the hardest problems in routing. And these days, it is not just about finding the best quote, it is about making sure what lands is as close to the price you were quoted as possible, aka The Quotation-Execution (QE) Drift.
V8 is focused on solving that holistically from multiple dimensions in a systemic way:
1. Incentives: Slippage Penalties
2. Design: JIT Onchain Finalization
3. Infra: Sub-2 Slot Latency
4. Option: Rapid Quotation Mode
Let us explain:
I strongly believe solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN is one of the most undervalued tokens in crypto right now
#72 on CMC while top 10 revenue 1Y on DefiLlama
90%+ DEX aggregator dominance on Solana
50% of revenue → direct JUP buybacks
2B+ in TVL
Perps, mobile app, prediction markets, JupUSD, lend, spend, and more
If Jupiter continues to build at this pace, it has serious potential to be a top 10 contender within a few years
The Jupiter Q3 Token Holder Update:
We believe that the future of finance will be decentralized. By building the best infrastructure, the best UX, and the best brand, Jupiter is best positioned to be the primary conduit by which the masses access the global unified market.
We’ve made tremendous progress towards this core objective. 18 months ago, we were a web-only DEX aggregator. Today, we have developed into the most comprehensive DeFi platform in crypto. Driven by a world-class team with full-stack expertise across infra, onchain tooling, data, UX, and distribution, we’ve been able to grow across multiple dimensions at a rapid pace.
In just the last 3 months, we’ve launched the most advanced trading engine in crypto (Ultra v3), launched a Lending protocol that became one the fastest growing protocols in Solana history, and improved the utility and yield of JLP with major innovations. Portfolio reached millions of users, Mobile dramatically increased its functionality to become the best wallet, and many more updates that are covered in the Product Recap section.
Our underlying business also remained strong, generating ~$46m in revenue in Q3. While our core focus remains product quality, core tech development and team competency, these revenues provide us a solid foundation for continued growth without the need for external funding sources.
Critically, we also made strong progress on Jupnet, our upcoming omnichain hub. We formalized the jupVM as the most functionally innovative VM, rethinking core tenets such as interchain operations and toxic flow prevention.
And the shipping won’t stop there - in the coming months Jupiter will have its own stablecoin, prediction market, and innovative launch platforms. We’ll be shipping significant updates to our trading infra, our wallets, and our product suite. And through it all, we’ll continue growing our community.
Given all of this, we believe $JUP has massive room for growth. Once weighed down tremendously by an over-focus on governance and noise, we’ve scaled back the DAO to only vote on critical issues that affect all token holders - no more Working Groups or small scale items.
Instead, we will double down on $JUP as a core strategic resource and seek to integrate the token more deeply into Jupiter’s future roadmap. And we are re-orienting the community’s focus to be on growing the number of DeFi users, adoption of Jupiter products globally, and awareness of the $JUP token as the leading symbol of DeFi’s continued expansion.
Ultimately, the Jupiter story is a growth story, and we’re still in the early stages of our journey. Yes, we are considered one of the leading DeFi protocols in crypto. But DeFi itself is still tiny, with perhaps millions of real users across ecosystems. In contrast, CEXes have hundreds of millions of users. There remains an obvious 100x growth potential for DeFi, and even more upside when you consider DeFi’s fundamental advantages.
And that simple fact explains our entire strategy and approach. By building a comprehensive set of integrated DeFi tools, backed by a rabid community, we’re creating a world where every user of finance knows the best way to get onchain:
Just Use Jupiter.
Onward and Upwards,
The Jupiter Team
A special thanks to the Jupiter Token Holders, who have been with us through thick and thin. We are deeply grateful for your trust, support, and feedback.
(and for the full report, check the post below 👇)
MET Goes Live 23.10 1 PM UTC
You can trade, claim + earn fees.
CEX listings go live at 2 PM UTC (1 hour after TGE).
If you’ve opted for the Liquidity Distributor NFT, there’s no rush to claim. Your position starts earning fees right away without needing to claim immediately.