The Jupiter token, which serves as the utility asset for the largest decentralized application (dApp) on Solana, experienced a rise of over 11% during the recent rally, driven by the expansion of the surrounding ecosystem.
Jupiter (JUP), recognized as the largest DEX aggregator on the Solana (SOL) network, has been positioned to capitalize on the recent market rally. On Thursday, May 7, the token recorded an 11.83% increase, climbing to $0.4622, fueled by broader market momentum and the expansion of the ecosystem.
Momentum among altcoins has begun to strengthen following Bitcoin’s (BTC) breakout above the $100,000 threshold. The Altcoin Season Index has climbed to its highest point since February, with 33 of the top 100 altcoins registering gains over the last 30-day period.
It is noteworthy that Jupiter was not counted among the top performers during that timeframe. In fact, a decline of 44% in its value over the past 90 days was observed, placing it among the weakest performers. Nevertheless, renewed optimism is being driven by the resilience of Solana’s ecosystem, within which Jupiter continues to hold a dominant position.
Jupiter Gains Momentum Amid Solana DeFi Expansion
Jupiter’s recent recovery has been attributed, in part, to the expansion of Solana’s DeFi ecosystem. The token’s upward movement has aligned with Solana’s decentralized exchange (DEX) volume surpassing $800 billion in 2025. Although a significant portion of that volume was recorded in January, trading activity has remained steady throughout the year.
This trend has been advantageous for Jupiter, which continues to hold a leading role among applications built on Solana. In 2025 to date, its DEX aggregator has been responsible for 42%—equating to $334 billion—of the total DEX trading volume on the network. In comparison, Raydium has followed distantly, managing 23.48% of the overall volume.
In addition, Jupiter commands 95% of the market share among DEX aggregators operating on the Solana network. Recognized as the most widely used DeFi application within the ecosystem, Jupiter is strategically positioned to capitalize on Solana’s ongoing recovery and its growing user base. Should this ecosystem expansion continue, the JUP token is expected to benefit accordingly.
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