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Jupiter

JUP
TokenomicsUnlocksValue FlowRevenueValuation
See Audit

Jupiter Protocol Revenue

Track how Jupiter protocol revenue flows to JUP holders through fees, buybacks, and value accrual mechanisms.

Produced by Tokenomics.com in collaboration with BlackTokenomics.
Revenue Verifiability
Verified and Transparent
Value Accrual Types
Buyback, Burn, Redistribute
Token Contract VerificationSmart Contract Address
Revenue to Holders
15%
0%100%
Revenue StatementApr 2026 *Mar 2026Feb 2026Jan 2026Dec 2025Nov 2025Oct 2025Sep 2025Aug 2025Jul 2025Jun 2025May 2025Apr 2025
Gross Revenue$9.4M$16.5M$23.8M$28.1M$20.5M$35.7M$57.8M$59.8M$65.9M$54.3M$40.1M$42.7M$24.9M
Cost of Revenue$6.6M$11.4M$16.2M$18.4M$14.4M$25.7M$41.6M$43.2M$46.1M$36.0M$28.2M$28.4M$17.5M
Net Revenue$2.7M$5.1M$7.6M$9.7M$6.0M$10.0M$16.2M$16.7M$19.8M$18.3M$11.9M$14.3M$7.4M
Protocol Revenue$1.4M$2.6M$3.8M$4.9M$3.0M$5.0M$8.1M$8.3M$9.9M$9.1M$6.0M$7.2M$3.7M
Holder Revenue$1.4M$2.6M$3.8M$4.9M$3.0M$5.0M$8.1M$8.3M$9.9M$9.1M$6.0M$7.2M$3.7M
Buyback & Burn (35%)$480.1K$899.7K$1.3M$1.7M$1.1M$1.8M$2.8M$2.9M$3.5M$3.2M$2.1M$2.5M$1.3M
Direct Revenue Share (65%)$891.6K$1.7M$2.5M$3.2M$2.0M$3.3M$5.3M$5.4M$6.4M$5.9M$3.9M$4.7M$2.4M
Revenue Flow
Breakdown of gross revenue into costs, net revenue, and holder revenue.
JUP Protocol Revenue
Visualizes gross revenue, net revenue, and holder revenue over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
JUP Revenue vs Unlocked Tokens
Gross revenue vs token unlocks over time.
Protocol Revenue
Cost of Revenue
Holder Revenue
Unlocked Emissions

JUP Protocol Revenue FAQ

Key questions and answers about Jupiter revenue, fees, and token value accrual

How does Jupiter generate revenue?

Jupiter generated $1.1B in gross revenue from Dec 2022 to Apr 2026 (1218 days), with $343.5M retained as net revenue. $91.0M accrued to JUP token holders. Its primary token utilities include Staking Rewards, Staking Access, Service Payments, Standard 1:1, and Delegated.

This averages $$865.1K in daily gross revenue across the tracked period.

How does the JUP token accrue value?

JUP accrues value through 2 mechanisms: Buyback & Burn and Direct Revenue Share.

  • Buyback & Burn: 50% of protocol revenue is allocated to buy JUP tokens from the market and burn them via the Litterbox Trust mechanism; ~130M JUP burned from Litterbox in Fresh Start and ongoing daily purchases continue.
  • Direct Revenue Share: Active Staking Rewards (ASR) distributes ~$11.4M monthly in protocol fee revenue to JUP stakers who participate in governance voting, including 12.5% of perp fees and aggregator MEV revenue.

Does Jupiter burn JUP tokens?

Yes, Jupiter burns or redistributes JUP tokens via Buyback & Burn. In 2026, approximately $12.6M worth of value was returned to token holders through these mechanisms.

Yearly token holder distributions:

  • 2026: $12.6M
  • 2025: $77.1M
  • 2024: $586.5K

How do JUP tokenomics work?

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

Token utilities:

  • Staking Rewards: JUP stakers earn Active Staking Rewards (ASR) distributed quarterly from protocol fee revenue, generating approximately $11.4M monthly across perpetual and aggregator revenue sources.
  • Staking Access: Staking JUP is required to gain voting power in DAO governance and to qualify for ASR distributions; only stakers who actively vote in quarterly proposal rounds earn rewards.
  • Service Payments: Projects can burn 1,000 JUP tokens to receive an express review for token verification on the Jupiter Ecosystem Token List V3.
  • Standard 1:1: Each staked JUP token equals one vote in DAO governance proposals, with voting power equal to the number of JUP tokens staked at governance checkpoints.
  • Delegated: The governance system includes delegated voting mechanisms where large token holders can delegate voting power to community representatives or governance working groups.

Value accrual mechanisms:

  • Buyback & Burn: 50% of protocol revenue is allocated to buy JUP tokens from the market and burn them via the Litterbox Trust mechanism; ~130M JUP burned from Litterbox in Fresh Start and ongoing daily purchases continue.
  • Direct Revenue Share: Active Staking Rewards (ASR) distributes ~$11.4M monthly in protocol fee revenue to JUP stakers who participate in governance voting, including 12.5% of perp fees and aggregator MEV revenue.

Read our deep dive: Jupiter tokenomics analysis.

What is Jupiter's gross revenue used for?

In 2026, Jupiter generated $77.8M in gross revenue. Of that, $12.6M was distributed to token holders, $12.6M was retained as protocol revenue (treasury), $52.5M went to supply-side participants (e.g. liquidity providers).

Year-by-year revenue breakdown:

  • 2026: $77.8M gross revenue — $12.6M to holders, $12.6M to protocol, $52.5M to supply-side
  • 2025: $599.3M gross revenue — $77.1M to holders, $108.3M to protocol, $413.9M to supply-side
  • 2024: $367.6M gross revenue — $586.5K to holders, $127.5M to protocol, $239.5M to supply-side

Is Jupiter's gross revenue growing or declining?

Jupiter's gross revenue has decreased by 24.3% over the past 90 days compared to the prior 90-day period, from $84.3M to $63.9M.

  • Recent 90d daily average: $717.5K/day
  • Prior 90d daily average: $936.8K/day

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