Jupiter JUP

Jupiter works by sourcing liquidity from various DEXs and automated market makers (AMMs) to find the best prices for token swaps. When a user initiates a trade, Jupiter's platform analyzes multiple liquidity sources to route the transaction through the most efficient path, minimizing slippage and ensuring favorable rates. This process enhances the trading experience by providing optimal pricing and efficient execution.

JUP is primarily used in the governance of the Jupiter platform, enabling community members to vote on decisions regarding further system development and operations. Additionally, JUP holders can participate in liquidity provision and trading activities within the DeFi ecosystem.

As of today JUP’s all-time low is $0.1087, and the all-time high is $2.04.

JUP could be a good investment because the platform is growing and has strong backing, with features like a token buyback program that aims to reduce supply and increase value. It has also expanded its reach by acquiring DRiP to grow its user base and improve its NFT offerings. Jupiter's market cap is significant, and while its price has dropped from its all-time high, there are signs it could rise again.

Yes, you can stake JUP. It allows you to vote on various proposals, influencing the platform's development. Rewards are distributed quarterly and are proportional to the amount of JUP you stake and your participation in governance activities.

Jupiter is a Solana-based DEX aggregator that allows users to trade cryptocurrencies on multiple DEXes, combining most of the liquidity sources available on Solana into a single endpoint in order to ensure execution at the best price for users. While Jupiter itself is not a DEX, it enhances trading efficiency by aggregating prices across different DEXs.