<\/p>\n
Jupiter token rebounded to its highest levels in months as traders react to the upcoming launch of a decentralized lending platform. <\/p>\n
The Solana-based DeFi protocol Jupiter (JUP) is back in the spotlight. On Monday, May 26, Jupiter token was trading gained 15% in 24 hours. Trading at $0.61, the token rebounded to the levels last seen in March, as traders reacted to the protocol\u2019s expansion plans.<\/p>\n
The primary catalyst behind JUP\u2019s rise is the anticipated launch of Jupiter Lend, a decentralized lending platform set to go live in the summer of 2025. Announced on Thursday, May 22, the platform aims to become \u201cthe most advanced money market on Solana.\u201d<\/p>\n
According to the protocol, Jupiter Lend will offer a loan-to-value ratio of up to 90%, significantly higher than the 75% offered by most crypto lending platforms. Platform fees are expected to be as low as 0.1%.<\/p>\n
<\/p>\n
As the largest dApp on Solana, Jupiter DEX aggregator benefits significantly from Solana\u2019s (SOL) growing ecosystem. Notably, by July, 42% of all Solana DEX transactions are routed through Jupiter. At the same time, the platform has 95% of the DEX aggregator market share.<\/p>\n
For this reason, the latest increase in Solana\u2019s DeFi metrics also contributed to Jupiter\u2019s growth. Specifically, the value of all memecoins on Solana has reached $14 billion, significantly higher than the July low of $6 million. <\/p>\n
Solana\u2019s network activity is also accelerating. Weekly transactions rose 7.3% to 462.5 million, while active addresses climbed above 34.7 million. Notably, Solana now processes more weekly transactions than all other chains combined. In terms of active addresses, it leads by a wide margin, with Base in second place at 9.2 million.<\/p>\n
<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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