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Jupiter Surpasses Raydium on Solana

Jupiter Surpasses Raydium on Solana

Solana Ecosystem

Jupiter Overtakes Raydium on Solana

Jupiter, a decentralized exchange (DEX) on the Solana blockchain, has surpassed Raydium in Total Value Locked (TVL), securing its position as the second-largest protocol on the network. This significant shift follows a week of positive developments for Jupiter.

Key Highlights:

  • Jupiter's TVL reached $2.87 billion, exceeding Raydium's $2.70 billion.
  • JUP token price increased by 24% in 24 hours, becoming a top market gainer.
  • The surge is attributed to Jupiter's acquisitions of Moonshot and SonarWatch, and its commitment to JUP buybacks and token burns.

Jupiter's Growth Trajectory

The increase in TVL is a direct result of several strategic moves announced at the Catstanbul 2025 event. Jupiter's acquisition of a majority stake in Moonshot and SonarWatch to build a Solana portfolio tracker, coupled with the commitment to allocate 50% of protocol fees to JUP buybacks and a planned burn of 3 billion tokens, fueled increased activity and investor confidence.

Solana Protocol Rankings

Solana Protocol Rankings. Source: DefiLlama

JUP Token's Price Surge

The positive developments surrounding Jupiter directly impacted its native token, JUP. Trading at $1.19 at the time of writing, JUP experienced a remarkable 24-hour price increase of 24%. Technical indicators like the On-Balance Volume (OBV) and Chaikin Money Flow (CMF) suggest strong buying pressure, potentially indicating a continuation of this bullish trend.

JUP OBV

JUP OBV. Source: TradingView

JUP CMF

JUP CMF. Source: TradingView

JUP Price Prediction

While a price prediction is inherently speculative, the current market momentum suggests a possible upward trend for JUP. Continued buying pressure could push the price above the resistance at $1.22, potentially reaching $1.46. However, a reversal in buying pressure could lead to a drop to $1.08.

JUP Price Analysis

JUP Price Analysis. Source: TradingView

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are volatile. Conduct thorough research before making any investment decisions.

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