The dominant DEX aggregator on Solana, routing trades across 20+ DEX protocols to find optimal pricing. Jupiter splits orders across multiple routes and pools to minimize price impact. It also offers limit orders, DCA, perpetuals (via Jupiter Perps), and a token launchpad (LFG). The JUP governance token was airdropped in January 2024.
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The dominant DEX aggregator on Solana, routing trades across 20+ DEX protocols to find optimal pricing. Jupiter splits orders across multiple routes and pools to minimize price impact. It also offers limit orders, DCA, perpetuals (via Jupiter Perps), and a token launchpad (LFG). The JUP governance token was airdropped in January 2024.
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Think of it as a market mechanic used to price, route, or move capital through liquidity apps.
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AMMs, routing, liquidity, lending, and trading infrastructure.
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Jupiter (jupiter) Category: DeFi Definition: The dominant DEX aggregator on Solana, routing trades across 20+ DEX protocols to find optimal pricing. Jupiter splits orders across multiple routes and pools to minimize price impact. It also offers limit orders, DCA, perpetuals (via Jupiter Perps), and a token launchpad (LFG). The JUP governance token was airdropped in January 2024. Aliases: Jup Related: DEX Aggregator, Swap, Limit Order (On-Chain)
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A protocol that splits and routes token swaps across multiple DEXs to find the best execution price. The aggregator's routing algorithm considers pool depths, fees, and multi-hop paths (e.g., SOL→USDC→TARGET). Jupiter is the primary aggregator on Solana; others include Prism and DFlow. Aggregators are critical for large trades to minimize price impact.
The exchange of one token for another through a DEX, either via an AMM pool or an order book. The user specifies an input token/amount and receives output tokens at the current market rate minus slippage and fees. On Solana, swaps settle in a single transaction (~400ms) with fees typically 0.01-0.3% per trade.
An on-chain order to buy or sell a token at a specific price or better, executed automatically when the market reaches the target price. Jupiter Limit Orders use a keeper network that monitors prices and executes orders. Unlike CEX limit orders, on-chain limits may have partial fills and rely on available DEX liquidity at the trigger price.
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The liquid staking token issued by Jito, representing staked SOL that earns both standard staking rewards and MEV tips. JitoSOL often offers higher APY (~7-8%) than other LSTs because Jito validators share MEV revenue with stakers. The underlying SOL is delegated to validators running the Jito client.
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A protocol that splits and routes token swaps across multiple DEXs to find the best execution price. The aggregator's routing algorithm considers pool depths, fees, and multi-hop paths (e.g., SOL→USDC→TARGET). Jupiter is the primary aggregator on Solana; others include Prism and DFlow. Aggregators are critical for large trades to minimize price impact.
The exchange of one token for another through a DEX, either via an AMM pool or an order book. The user specifies an input token/amount and receives output tokens at the current market rate minus slippage and fees. On Solana, swaps settle in a single transaction (~400ms) with fees typically 0.01-0.3% per trade.
An on-chain order to buy or sell a token at a specific price or better, executed automatically when the market reaches the target price. Jupiter Limit Orders use a keeper network that monitors prices and executes orders. Unlike CEX limit orders, on-chain limits may have partial fills and rely on available DEX liquidity at the trigger price.
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A protocol that enables token swaps using algorithmic pricing against pooled liquidity instead of matching individual buyers and sellers. AMMs use mathematical formulas (typically constant product x*y=k) to determine prices based on the ratio of tokens in a liquidity pool. On Solana, major AMMs include Raydium, Orca, and Meteora.
An AMM design where liquidity providers concentrate their capital within specific price ranges instead of across the full 0-to-infinity range. CLMMs dramatically improve capital efficiency—LPs earn more fees per dollar deposited within their active range. If the price moves outside the range, the position becomes inactive. Orca Whirlpools and Raydium CLMM are leading implementations on Solana.
A smart-contract-held reserve of two or more tokens that enables trading via an AMM. Users deposit token pairs in specified ratios to become liquidity providers and earn trading fees. Pools are identified by their token pair and fee tier. Pool depth (total value locked) determines price impact for trades.
A token issued to liquidity providers representing their proportional share of a pool's reserves and accrued fees. LP tokens can be burned to withdraw the underlying assets. The value of LP tokens changes as the pool's token ratios shift and fees accumulate. LP tokens are often stakeable in yield farming programs for additional rewards.