What Is JUP?
JUP launched in early 2024 via one of the largest airdrops in crypto ("Jupuary"). It is an SPL token on Solana that represents membership and voting power in the Jupiter community. Rather than a fee-bearing equity, JUP's design centers on governance, staking, and ecosystem alignment.
JUP Supply Basics
JUP originally launched with a maximum supply of 10 billion tokens. In 2025 the community burned roughly 3 billion JUP (about 30% of supply), reducing the max supply to 7 billion. For the full breakdown, see our JUP tokenomics guide.
What Is JUP Used For?
- Governance: staked JUP votes on proposals in the Jupiter DAO.
- Staking rewards: stakers earn Active Staking Rewards (ASR).
- Alignment: JUP coordinates the community, contributors, and ecosystem grants.
Explore more in the JUP utility guide.
JUP Buybacks
In January 2025, Jupiter committed 50% of protocol fees to buying back JUP from the open market, with purchased tokens locked for three years. This links protocol success to token demand. Details in tokenomics.
How to Get JUP
- Set up a Solana wallet and fund it with SOL or USDC.
- Swap into JUP via Jupiter.
- Optionally stake JUP to vote and earn rewards.
Summary
JUP is the beating heart of Jupiter's community-owned model. It coordinates governance, rewards stakers, and — through buybacks and burns — ties token value to the platform's growth. If you use Jupiter, understanding JUP is essential, and this Almanac covers every angle from tokenomics to governance.
Frequently Asked Questions
Is JUP a good investment?
We don't give financial advice. JUP is a volatile governance token whose value depends on Jupiter's adoption, tokenomics, and market conditions. Research thoroughly and read our Risk Disclosure.
What is the JUP max supply?
After a ~3 billion token burn in 2025, JUP's maximum supply is 7 billion (down from the original 10 billion).
Can I stake JUP?
Yes. Staking JUP grants voting power in the Jupiter DAO and earns Active Staking Rewards (ASR).
Where can I buy JUP?
JUP trades across Solana DEXs; the easiest route is swapping for it on Jupiter itself after funding a Solana wallet.