🚨 Jupiter Just Became Solana’s Biggest Lending Protocol—but JUP Doesn’t Get a Revenue Share

Jupiter Lend has surpassed Kamino Finance in total value locked, reaching about $1.41 billion versus $1.40 billion on October 9.

LIVE / CONFIRMED: Jupiter also launched new perpetual-futures markets in beta, with JUP stakers receiving early access. Its Swap API now supports Solana Transaction v1 for integrators, while the older v0 format remains the default.

But here’s the catch: JUP is Jupiter’s governance token, not an equity or revenue-sharing token. Holders can stake JUP to vote in the Jupiter DAO and earn Active Staking Rewards, but they do not receive a fixed share of protocol revenue.

There’s one detail worth watching: supply. Jupiter is scheduled to unlock 53.47 million JUP on October 28, roughly 1.72% of circulating supply—so traders should watch both product adoption and unlock pressure.

The takeaway: Jupiter is expanding from swaps into lending and perps, but JUP’s value depends on sustained usage—not guaranteed revenue distributions.

Click the $JUP widget below and check the latest developments.

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#Jupiter #solana #crypto #Write2Earn

Not financial advice. DYOR.