Jupiter

JUP · Solana DeFi
Checked
Oct 24 2026
The big picture
7.5 / 10Total score0510
Supply + DemandMax. 10
Hold JUP? We'll warn you first.
Free · 2 coins

Coming next

No single dated event in the next 90 days.

Metric 1 of 3

JUP · Coin Supply

No new JUP can be minted; buybacks are held.

4.5 / 5Flat
Age2.7 yearssince Jan 2024
Unlocked48.4%of total supply
Last 90 days−0.03%new supply
Next 90 days0.00%estimate

JUP is the coin of Jupiter, Solana's largest trading app. 3.32B JUP circulate, 48% of the 6.86B that exist. No new JUP can be minted.

Sell pressure. Nothing new reached the market in 90 days. Team payouts stay paused after a February vote, and the 1.70B community and 1.68B team reserves did not move.

Buy pressure. A batch burn destroyed 943,764 JUP on Sep 10 2026. The buyback bought 26.01M JUP but keeps it.

Net. Net, supply shrank about 0.03%, and stays flat next.

Inflation
Last 90 Days
-0.03%
checked · Oct 21 2026
Net flow: 0.03% of supply stays in the market (roughly neutral) over 90 days
Next 90 Days
0.00%
estimate
Net flow: 0.00% of supply stays in the market (roughly neutral) next 90 days
Mixed flows · supply roughly steady
Sell pressure
1. Protocol inflation
0

No new JUP can ever be made: the power to mint was switched off for good. Stakers still earn 50M JUP each quarter, the last batch paid on Oct 13 2026, but those coins come from an old airdrop pot that already counts as circulating.

permanent · no change
2. Vesting unlocks
0

The team's quarterly payout of 116.67M JUP stopped after Jan 31 2026, when holders voted to pause it. About 0.91M JUP of small staff grants vest each quarter from lock contracts, but those coins already count as circulating. Bigger self-locks open from Jan 31 2027.

checked · Oct 21 2026
3. Foundation + unscheduled unlocks
0

Not yet counted and untouched in these 90 days: the community reserve (1.70B JUP, which still holds the postponed 700M airdrop), the paused team reserve (1.68B) and a reserve vault (159.89M). Already counted: the buyback wallet (176.79M), the staking-reward pot (173.40M), team wallets (191.57M and 126.38M) and the DAO wallet (103.87M). The team staked 40M of its coins on Aug 5 2026.

checked · Oct 21 2026
4. Long-term locked or bankruptcy
0

No bankruptcy estate or court-held pile of JUP waits to be released.

checked · Oct 21 2026
Buy pressure
1. Programmatic buyback
0

Half of Jupiter's on-chain revenue buys JUP on the open market every day. The buyback wallet took in 26.01M JUP between Jul 23 and Oct 21 2026 and now holds 176.79M. It keeps the coins instead of burning them, so they still count as circulating.

checked · Oct 21 2026
2. Protocol fee burn
~945.39K JUP

Projects pay a fee in JUP to get their token verified, and the coins are burned in batches. One batch destroyed 943,764 JUP on Sep 10 2026; small burns by users added about 1,600 more. About 265K JUP waits for the next batch, which has no set date.

checked · Oct 21 2026
3. Foundation buy
0

Jupiter promised to buy back any coins the old Mercurial investors sell and to absorb team sales itself. Those purchases go to its own wallets, which already count as circulating.

checked · Oct 21 2026
4. New long-term lock
0

Staked JUP still counts as circulating, so new staking, such as the team's 40M JUP on Aug 5 2026, takes nothing out of the count.

checked · Oct 21 2026
Supply check · sell, buy & net
 
Last 90D
Next 90D
Sell total (M JUP)
0.000
0.000
Buy total (M JUP)
0.945
0.002
Sell % of circ
0.000%
0.000%
Buy % of circ
+0.028%
+0.000%
Net inflation %
-0.028%
-0.000%
Circulating supply: 3319.369M JUP
Read the full Inflation Analysis
JUP: no new coins can be made, and verification fees are burned in batches.
Long-form mechanism walk. ~5 min.
Metric 2 of 3

JUP · Coin Demand

Two sides: how much people want JUP right now, and how much buying could come later.

3 / 5Moderate

Current demand1 / 2.5

It shows how hot JUP is right now. A better rank means more people are talking about it.

JUP on social mediaIts rank among the 110 coins we follow · last 12 months · #1 = most talked about
#68 · Oct 22 2026

Today, people are talking about JUP for one reason:

  1. 1
    A Grayscale ranking says JUP holders are being diluted.

    On Oct 22 2026 Grayscale ranked ten DeFi tokens by what they return to holders, counting staking rewards and buybacks minus new coins. JUP made the top ten, but with a holder return of about -2.6%, because new coins outpace buybacks, even though its earnings return is about 3.5%. People ask if Jupiter will cut new coins or buy back more, so holders get more of what the exchange earns.

Checked Oct 23 2026

Metric 3 of 3

JUP · Price DriversBeta

The few things that can move JUP's price that supply and demand miss.

1 · Swap market share

New
Wins share back → price upRivals take share → price downnow
JupiterDFlow
0255075100125202420252026DFlow riseJupiter48.1%DFlow31.2%
0255075100125202420252026DFlow riseJupiter48.1%DFlow31.2%

Jupiter routes under half of Solana swaps; DFlow holds near a third.

Data
DateJupiterDFlow
Jul 31 202663.9%14.3%
Aug 31 202655%25.6%
Sep 30 202649.8%30.8%
Oct 20 202648.1%31.2%
Checked Oct 21 2026

2 · Jupiter Lend

New
Lending keeps growing → price upnowDeposits leave → price down
Jupiter LendKamino
01234202520262024Kamino1.29$B1.01$B
01234202520262024Kamino1.29$B1.01$B

Jupiter Lend has nearly caught Kamino, Solana's biggest lender.

Data
DateJupiter LendKamino
Jul 31 2026$0.93B$1.04B
Aug 31 2026$1.08B$1.24B
Sep 30 2026$1.17B$1.42B
Oct 24 2026$1.01B$1.29B
Checked Oct 21 2026

Jupiter (JUP) supply: questions people ask

Is Jupiter (JUP) inflationary or deflationary?

Jupiter (JUP) is flat, neither inflationary nor deflationary right now: its supply changes 0.00% over the next 90 days and −0.12% over the next year (checked Oct 21 2026). New JUP and removed JUP about cancel out.

What is the JUP inflation rate in 2026?

About −0.12% a year: that is how much Jupiter (JUP) supply changes over the next 12 months, with 0.00% in the next 90 days (checked Oct 21 2026). That puts JUP #95 of 101 coins we track for new supply (#1 = the most new supply).

When is the next JUP token unlock?

No dated Jupiter (JUP) unlock is scheduled in the next 90 days (checked Oct 21 2026).

Does Jupiter burn or buy back JUP?

Yes. In our count, about 1.63K JUP is expected to leave the market over the next 90 days through burns, buybacks or locks (checked Oct 21 2026). How it works: Verification fees paid in JUP are burned in batches: 945K JUP in 90 days. The Litterbox bought 26M JUP but holds it.

Where does new JUP supply come from?

Almost no new JUP reaches the market over the next 90 days (checked Oct 21 2026). No new JUP can be minted and team payouts are paused by a February 2026 vote. 3.38B JUP sits in two reserves that only a new vote could release.

How much JUP is in circulation?

About 3.32B JUP is in circulation (checked Oct 21 2026). Over the next 90 days that changes 0.00%, and over a year −0.12%.

Does JUP have more new supply than VVV, JST or GT?

Over the next 90 days (checked Oct 21 2026): JUP 0.00%, VVV +3.40%, JST −1.89%, GT −1.95%. JUP sits in the middle of these 4 coins.

Every answer here applies basic economic theory — the law of supply and demand — to this coin's data. It is not financial advice. How we read every coin →

How does MrNasDog judge every coin, and why is 0.00% shown in green?

We look at two things: supply and demand. Fewer new coins mean less selling pressure. We also show each coin's age, with a warning when it is younger than 1 year. Demand shows how much people want the coin. Price Drivers (Beta) are the 2 or 3 things that can move one coin's price that supply and demand miss. JUP supply is not growing (0.00% in the next 90 days), so it shows in green. Zero or falling supply is always green, any growth is red.

What do Watch JUP alerts cover?

One email before each big supply event, and the day our verdict changes. Nothing else. You can watch 2 coins for free.

Related supply research: VVV +3.40% · JST −1.89% · GT −1.95% · All crypto inflation rates (110 coins) → · Full JUP supply report → · Embed this coin

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