Solana Reaches Monthly Highs as Jupiter Drives Ecosystem Growth
Solana's price has reached $151.30, marking a return to monthly highs and outperforming broader crypto markets. Key highlights include:
- Jupiter's JUP token increased by 25% this week.
- Jupiter accounts for 95% of DEX aggregator volume and 80% of perpetual trading on Solana.
- The platform generates over $280 million in annualized revenue with a low P/S ratio in DeFi.
- Jupiter aims to be Solana’s super-app, expanding into various services including NFT integrations.
- Its liquidity index fund is the third-largest on Solana, pulling in $5–10 million monthly in optional fees.
- Recent upgrades and acquisitions indicate significant growth and consolidation of services.
- Risks involve potential token unlocks and increasing competition from other protocols.
Macro trends and ETF inflows have contributed to the recent rally, with Jupiter playing a vital role in strengthening Solana's ecosystem.