JupiterJUP

Jupiter generated $1.1B in gross revenue from Dec 2022 to Jun 2026 (1288 days), with $348.8M retained as net revenue. $92.6M accrued to JUP token holders. Its primary token utilities include Staking Rewards, Staking Access, Feature Access, Service Payments, and Standard 1:1.

This averages $$831.1K in daily gross revenue across the tracked period.

JUP accrues value through 3 mechanisms: Buyback & Burn, Other, and Buyback & Hold.

• Buyback & Burn: Since February 2025, 50% of all onchain Jupiter platform revenue (perp 25% protocol share + 100% of Ultra, JupiterZ, DCA/Recurring/Limit, Studio, Lend, Dev Platform, Prediction/JupUSD, jupSOL deposit fees) is programmatically allocated to the non-profit Litterbox Trust to buy back JUP from the open market. The Litterbox-held JUP was burned in a one-time event (~3B JUP at the Burning Cat plus subsequent Litterbox burns); ongoing buyback inflows continue to accumulate in the Trust without further burns.
• Other: Active Staking Rewards (ASR): 50M JUP distributed quarterly to active stakers. Sourced from previously unclaimed Jupuary airdrop tokens (already-circulating supply being redistributed, not new emissions and not a protocol-fee carve-out). ASR is explicitly not a 'direct revenue share.'
• Buyback & Hold: Litterbox Trust accumulates JUP from ongoing buybacks (post the one-time burn) as a long-term strategic reserve. The Trust has accumulated ~113M JUP and continues to grow each quarter as platform revenue feeds the buyback mechanism.

Yes, Jupiter burns or redistributes JUP tokens via Buyback & Burn, Buyback & Hold. In 2026, approximately $17.8M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

• 2026: $17.8M
• 2025: $74.8M

JUP serves 5 primary functions within the Jupiter ecosystem: Staking Rewards, Staking Access, Feature Access, Service Payments, and Standard 1:1. The protocol generates fees from user activity, with a portion distributed back to JUP holders. Value flows back to token holders through Buyback & Burn, Other, and Buyback & Hold.

Token utilities:

• Staking Rewards: JUP stakers earn Active Staking Rewards (ASR) of 50M JUP per quarter. ASR is sourced from previously unclaimed Jupuary airdrop tokens — already-circulating supply rather than new emissions or a protocol-fee carve-out.
• Staking Access: Staking JUP is required to gain voting power in DAO governance and to qualify for quarterly Active Staking Rewards (ASR). Active stakers participating in governance are eligible to claim their share of the 50M JUP distributed each quarter.
• Feature Access: Holding/staking JUP grants access the following ecosystem features: (1) VRFD (Verified), Jupiter's token verification platform at verified.jup.ag — a verification API integrating with launchpads, DEXes, and AI agents; (2) Metis Access — developer access to the Metis Swap routing API; (3) DTF Pre-sales (Decentralized Token Formation) — exclusive early access to token launches on Jupiter's DTF platform (launched December 2025), where JUP stakers receive guaranteed allocations in pre-sales (e.g. 2% of HumidiFi's $WET allocation went to JUP stakers).
• Service Payments: Projects can burn 1,000 JUP tokens to receive an express review for token verification on the Jupiter Ecosystem Token List V3 (the VRFD / Verified platform at verified.jup.ag).
• Standard 1:1: Each staked JUP token equals one vote in DAO governance proposals. Voting power equals the number of JUP tokens staked at the governance checkpoint. There are no delegated voting mechanisms; every staker votes directly.

Value accrual mechanisms:

• Buyback & Burn: Since February 2025, 50% of all onchain Jupiter platform revenue (perp 25% protocol share + 100% of Ultra, JupiterZ, DCA/Recurring/Limit, Studio, Lend, Dev Platform, Prediction/JupUSD, jupSOL deposit fees) is programmatically allocated to the non-profit Litterbox Trust to buy back JUP from the open market. The Litterbox-held JUP was burned in a one-time event (~3B JUP at the Burning Cat plus subsequent Litterbox burns); ongoing buyback inflows continue to accumulate in the Trust without further burns.
• Other: Active Staking Rewards (ASR): 50M JUP distributed quarterly to active stakers. Sourced from previously unclaimed Jupuary airdrop tokens (already-circulating supply being redistributed, not new emissions and not a protocol-fee carve-out). ASR is explicitly not a 'direct revenue share.'
• Buyback & Hold: Litterbox Trust accumulates JUP from ongoing buybacks (post the one-time burn) as a long-term strategic reserve. The Trust has accumulated ~113M JUP and continues to grow each quarter as platform revenue feeds the buyback mechanism.

Read our deep dive: Jupiter tokenomics analysis.

In 2026, Jupiter generated $115.0M in gross revenue. Of that, $17.8M was distributed to token holders, $17.8M was retained as protocol revenue (treasury), $79.4M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

• 2026: $115.0M gross revenue — $17.8M to holders, $17.8M to protocol, $79.4M to supply-side
• 2025: $580.6M gross revenue — $74.8M to holders, $106.0M to protocol, $399.8M to supply-side
• 2024: $367.1M gross revenue — $128.0M to protocol, $239.1M to supply-side

Jupiter's gross revenue has decreased by 30.2% over the past 90 days compared to the prior 90-day period, from $68.3M to $47.7M.

• Recent 90d daily average: $536.0K/day
• Prior 90d daily average: $759.3K/day