Jupiter rallies 15%, reclaims May highs as DeFi narrative heats up

Jupiter Token has rebounded at its highest levels for months while traders react to the upcoming launch of a decentralized loan platform.

The DEFIM protocol based on Solana Jupiter (JUP) is back under the spotlight. On Monday, May 26, Jupiter Token was gaining 15% in 24 hours. Trading at $ 0.61, the token rebounded at the levels of the last seen in March, while the merchants reacted to the expansion plans of the protocol.

The main catalyst behind Jup’s rise is the planned launch of Jupiter Lend, a decentralized loan platform which should be put online in the summer of 2025. Announced on Thursday May 22, the platform aims to become “the most advanced monetary market on Solana”.

According to the protocol, Jupiter Lend will offer a loan / value ratio up to 90%, much higher than the 75% offered by most cryptographic loan platforms. The platform fees should be as low as 0.1%.

Jupiter gets up on the growth of Solana

Like the The biggest DAPP on SolanaThe aggregator Jupiter Dex benefits considerably from the (GROUND) Growing ecosystem. In particular, by July, 42% of all Solana Dex transactions are sent via Jupiter. At the same time, the platform holds 95% of the market share of the DEX aggregator.

For this reason, the latest increase in Solana DEFI metrics also contributed to Jupiter’s growth. More specifically, the value of all the mecoins on Solana has reached $ 14 billionClearly higher at the lowest in July of 6 million dollars.

The activity of the Solana network also accelerates. Weekly transactions increased from 7.3% to 462.5 million, while active addresses exceeded 34.7 million. In particular, Solana now treats more weekly transactions than all other combined chains. In terms of active addresses, it leads by a wide margin, with a second place base at 9.2 million.