Jupiter exchange profile

Jupiter combines Solana token aggregation with perpetual trading and several lending, staking and payment products. Its Spot service, called Terminal until July 2026, searches external liquidity and can split a swap across routes. Classic and Trench change the workspace; Ultra and Manual change execution settings. Those distinctions matter more than treating every screen as one uniform exchange account.[1]

DefiLlama’s snapshot inspected on 20 October 2026 showed approximately US$13.2 billion of rolling 30-day aggregator volume and US$5.08 billion of perpetual volume for Jupiter. It separately recorded US$2.35 billion of DEX volume, associated with Jupiter Lend DEX, and about US$41.6 million of open interest. These measures describe different activities and are not added here. A comparable verified count of active individual customers was not established; wallet addresses and routed transactions cannot supply that number.[35]

Jupiter Mobile requires iOS 18 or later, or Android 9 or later. Capability is not identical across them: the current documentation permits Token-2022 recurring orders on iOS but not Android. The extension, native app and website should therefore be identified when describing a feature or a tariff.[7]

For web Ultra swaps, the current published range is 0–0.5%, depending on the pair. The quote incorporates the charge; expanding its rate shows fee and routing details. Manual mode has no Jupiter commission. Network signature fees, priority fees, tips, token-account rent and price impact still affect what arrives. Ultra Gasless Support recovers actual SOL costs in the traded asset, subject to eligibility and a 10% trade-value recovery ceiling.[6]

JupiterZ uses a different gasless route: its market makers pay network and priority costs without a user gas surcharge or minimum trade size. Token-account creation rent remains uncovered. Gas sponsorship does not remove the applicable swap commission.[2]

Native Jupiter Mobile swaps use their own schedule: SOL/stablecoin and liquid-staking-token/stablecoin trades are 0.1%; blue-chip routes are 0.1%, other ordinary routes 0.2%, and tokens under 24 hours old 0.5%. Specified zero-fee pairs remain exceptions. A website opened inside the app’s dApp browser follows that website’s schedule. Native Recurring is listed at 0.1%; its label should not be substituted for the web V2 tariff.[8]

The web fee guide distinguishes legacy Limit/DCA V1 at 0.1% from V2’s base charge of 0.03–0.1% plus Ultra’s applicable 0–0.5%. Network costs and token transfer taxes can add to the result. A percentage shown for one layer is not an all-in execution price.[6]

Illustration: opening and closing an unchanged US$20,000 JLP-market position at the 0.06% base rate costs US$24 in base fees: US$12 each way. This excludes price impact, borrowing, conversion, network costs and any liquidation. It is not a quote for a complete trade.[12]

JupSOL has no SOL deposit fee and a 0.1% pool withdrawal charge. Its inflation rewards face two distinct deductions: the validator’s 5% commission and Sanctum’s 5% epoch fee; neither applies to MEV or priority-fee rewards. A displayed zero management fee therefore does not mean that all staking rewards pass through without deductions. Swap-based exits can also incur routing costs.[30]

A universal-deposit example isolates the provider component: US$2,500 on a supported cross-chain stablecoin route has a 0.02% charge of US$0.50, above the US$0.30 floor. It does not establish the final delivered amount after any other applicable costs.[16]

MagicLink sends have a different recipient model: anyone holding the link and code can claim. Once claimed, that transfer is irreversible. Link creation requires SOL, even where an ordinary eligible token send could use gas recovery. A shareable claim link should not be treated as an address-restricted bank payment.[19]

Fiat withdrawal exists through the separate verified Spend remittance product. USD and eligible EUR virtual accounts accept same-name bank transfers or supported payroll sources; USDC is not deposited directly into those virtual accounts. Local payouts cover 15 currencies. EUR uses SEPA, not SWIFT. Only USDC deposits can be withdrawn to fiat; USDT deposits cannot. Pay-in and payout fees combine fixed and variable charges, and the partner sets corridor limits. Bank deposits are temporarily unavailable in California, New York, Connecticut and Puerto Rico.[40]

An external wallet keeps its signing keys; connecting jup.ag requests access and signatures. Jupiter ID instead creates an embedded wallet using email, Google or Apple. Its private key can be exported on the website. Discord, X and wallet logins are legacy-only: existing accounts may use them, but cannot add a new login method through the documented web/mobile flow. Losing the original login before exporting the key can leave the wallet unrecoverable.[20]

The extension stores keys and recovery data locally. A forgotten-password reset starts a fresh extension session and requires re-importing the wallet; it does not erase on-chain assets. Auto-lock controls protect an unlocked session. Blockaid warnings have limits: the guide says trusted-dApp approvals are not scanned, and intentionally initiated sends to known malicious addresses are not filtered. These controls are not a recovery guarantee.[21]

A routed token can retain issuer mint or freeze powers, impose transfer charges or lose liquidity when providers exit. Verification and discovery indicators are not a guarantee of token quality. These asset-level risks remain even when the swap program functions as designed.[9]

The audit directory identifies individual programs and review dates. Published perpetual reviews concern the audited versions of the SOL, ETH and wBTC program, subsequently upgraded; they do not cover the GUM Beta engine. Likewise, Swap, Limit, Lend and shared staking programs have separate review scopes. The existence of an audit link does not establish present solvency, universal bug coverage or an insured balance.[28]

Lend’s Transparency page separates markets and exposes each market’s multisigs, thresholds, program or upgrade authority, timelock information and pending transactions. Those are the relevant administrative controls for the selected market. It would be misleading to infer that every Jupiter contract has identical signers or is incapable of an upgrade.[26]

The terms restrict listed jurisdictions, including the United States and Singapore, and sanctions-related locations. Their “Republic of China” wording is ambiguous. Compliance information can be requested and access restricted; wallet connectivity does not establish eligibility.[33]

Spend has a separate verified Global ID and partner-managed balance. Its guide requires identity documentation, phone and liveness checks, personal information and a questionnaire; APAC applicants also need proof of address. SumSub handles verification. The guide states that Global ID does not grant access to DeFi wallet funds. A DCS-issued card also requires a first-party Travel Rule declaration before funding. These payment-account conditions must not be replaced by the wallet product’s login rules.[39]

The Spot guide lists a configurable RPC endpoint and retained workspace settings. An accessible front end or functioning RPC does not remove contractual restrictions, nor does it prove that an external token, pool or payment processor is available to that user.[1]

The Support Hub describes limited Ultra compensation review for specified failed routes, repeated failures with gas loss, and qualifying unreasonable slippage. It excludes hypothetical profit and loss and asks users to allow up to three days for review. This is a scoped support policy, not general insurance or a commitment to reimburse every loss. The inspected materials did not establish a staffed alternative channel authorised to close a trade during an outage.[34]

Beta full market closes are all-or-nothing. An unhealthy engine can become limit-only, disable Quick Close and block Close All. Check delayed confirmations before repeating an order.[10]

The terms require written dispute notice within 30 days of the dispute arising, 30 days for informal resolution after receipt, and arbitration initiation within one year of the dispute arising. They specify English-language LCIA arbitration in London and Panama governing law. The effect of mandatory local rights was not determined.[33]

Portfolio’s desktop Activity export includes only transactions already loaded and matching the current filters. To cover the desired period, page back far enough and review the default Hide failed and Hide spam settings. A multi-token transaction can occupy several CSV rows. The Export CSV control is absent on small screens. This is an activity record, not a prepared tax return or evidence that every cost-basis input has been reconciled.[23]

The terms name Jupiter or “the Company” and give a Cayman Islands address without establishing a full incorporated legal name. No entity-specific financial permission is asserted here; partner permissions do not establish brand-wide authorisation.[33]

Spend’s documentation attributes card issuance, payments and transfers to financial partners and distinguishes their managed balances from DeFi wallet assets. That is a service boundary, not independent verification of every partner’s regulatory permissions or of a compensation entitlement for a particular customer.[39]

Jupiter’s transparency statement describes Foundation and Labs entities receiving operational budgets rather than an equity structure distributing dividends. It says half of on-chain revenue goes to the Litterbox Trust for programmatic JUP purchases, while the other half and off-chain revenue support operations and reserves. JUP holders do not directly receive a stated percentage of fees. These are Jupiter’s published structural and economic descriptions, not audited corporate financial statements or a complete registry map.[32]

Sentora’s isolated USDe market went live on 30 September 2026 while the Bitwise x Ethena market began winding down. The older market has USDG debt; Sentora uses PYUSD debt. The inspected migration guide had not fixed the final unwind deadline. It recommends staged repayment and collateral withdrawal because liquidity can be thin, and warns against assuming a one-click full unwind has tolerable slippage. Moving to Sentora is a new borrowing exposure, not a passive rename of the old position.[27]

Legacy Limit and DCA V1 no longer accept new instructions. Existing orders remain accessible for management. The V2 vault and fee rules described above should not be retroactively assigned to an old order merely because both appear in the same interface.[4][5]

Operator

Jupiter, the interface provider identified in its terms

Exchange model

Decentralised

Service scope

Solana spot aggregation, JLP and GUM perpetuals, with separate lending, staking and Spend products.

Client types

Not established

Pricing publication

Public pricing

Pricing scope

Product, pair, engine and interface determine charges; on-chain costs and holding charges are additional.

Funding scope

Solana transfers, cross-chain conversion, third-party fiat purchases and separately verified remittance.

Custody and asset handling

Wallet keys remain user-controlled; committed tokens enter product programs. Spend balances have a separate partner relationship.

Client eligibility

Interface country restrictions; wallet or embedded-wallet access; separately verified partner payment services.

Support

Product tickets, contractual dispute process and developer support; no alternative emergency dealing authority established.

Authorisation and registration scope

No entity-specific financial permission established from the inspected source set.

Exchange metadata checked 20 Oct 2026Source 1Source 11Source 10Source 20Source 39Source 16Source 40Source 6Source 34Source 33

Jupiter Wallet’s Auto Approve can sign transactions on selected Jupiter and Meteora dApps without a per-transaction confirmation. Its per-dApp toggle therefore grants meaningful execution authority. Connected Apps is a separate list from which connections can be revoked. Disabling future automatic approvals does not itself unwind positions or return assets already committed to a program.[22]

Developer API keys default to access across Jupiter APIs; product allow-lists can narrow that scope, and firewall rules can restrict requests. Changes take effect in about 15 seconds. The developer account has its own two-factor authentication and logs. This API access control is distinct from possession of the wallet key needed to authorise a transaction.[36]

The current Swap V2 flow obtains an order, signs its transaction and submits it for execution. Quote-only requests without a taker do not return a transaction. Aggregator expiry uses the returned block-height limit; JupiterZ RFQ quotes have their own timestamp expiry. Integrators must also distinguish final wallet input/output from route amounts before fees. An API key alone is not a substitute for the required wallet signature.[37]

Spot’s SmartMoney tools expose wallet activity for a user to assess and replicate; the user still trades at their own available price. Jupiter Intel produces automated summaries that can be inaccurate. The inspected risk guide does not establish a discretionary mandate allowing those summaries or a followed wallet to control the user’s funds. Automatic wallet approval, where enabled separately, changes the signing workflow and must be assessed on its own terms.[9]

Campaign points, an allocation and a claimable token are different states. The Rewards Hub gives each campaign its own period, eligible activity, reward currency and claim method. Some claims require Jupiter Wallet or Mobile; ASR uses the staking wallet. Ended or exhausted campaigns need not remain claimable. A displayed reward is not automatically liquid collateral, transferable cash or a permanent trading rebate.[31]

Portfolio can translate displayed values into currencies including USD, EUR, GBP and JPY. This changes valuation display, not the underlying asset or settlement currency. Its settings stay in that browser and do not follow the wallet to another browser or to Mobile. The separate Spot Default Currency selects a trading token such as USDC, SOL or JupUSD.[24]