Jupiter Pushes Onchain Finance Forward With Its Biggest Upgrade Wave Yet

Solana Breakpoint wasn’t just another conference this year. It doubled as a stage for Jupiter to roll out its most aggressive product expansion to date.

The team revealed a coordinated set of upgrades touching lending, stablecoins, data infrastructure, developer tools, and trading execution , plus a major acquisition aimed at reshaping onchain liquidity.

The message is simple and loud: onchain finance is no longer a concept. It’s becoming a full system , and Jupiter wants to sit at the center of it.

With $1.08T in combined spot and perps volume year-to-date, the highest TVL on Solana at $2.7B, more than 34M active wallets, and a full 12-product stack across web, mobile, and API layers, Jupiter believes it’s uniquely positioned to drive the industry’s shift from offchain systems to fully onchain rails.

Breakpoint made that vision feel real. Let’s break down the upgrades one by one.

The first reveal was a major one: Jupiter Lend is officially out of beta and now fully open-sourced. And it’s not just another lending app.

The protocol solves a historical problem in DeFi lending , inefficient risk management. Most lending markets can’t liquidate risky positions quickly, so they force borrowers into conservative LTV ratios, which limits capital efficiency.

Jupiter Lend, built with Fluid, takes a different path with tick-based liquidity. Every risky position can be liquidated in a single transaction. That unlocks a smoother UX:

•  Highest LTVs in the industry
•  Lowest liquidation penalties
•  Deep liquidity for lenders
•  Reduced volatility in interest rates

And there’s clear market demand. Jupiter Lend became the fastest protocol in Solana’s history to hit $1B in total supply, reaching the milestone in just eight days.

Now open-sourced, the protocol enters its next growth phase with full transparency and a design aimed at scaling across asset types.

Another breakout moment at Breakpoint was the preview of JupUSD, Jupiter’s upcoming native stablecoin built in collaboration with Ethena.

Stablecoins alone aren’t enough , they need native integration. That’s been the missing link for most issuers.

Jupiter already routes billions in stablecoin volume through swaps, perps, and lending. Adding JupUSD completes the loop. When you control both the stablecoin and the platform where it circulates, you can build protocol-level incentives, unified liquidity, and product-layer synergy.

JupUSD goes live next week, but integrations are already built across Jupiter’s product suite:

•  DCA
•  Limit orders
•  Prediction markets
•  And more reward-generating surfaces

What stands out most is the potential revenue impact.

Right now, USDC has $78B in circulation, generating over $8M in daily revenue. Using the same ratio:

•  Every $1B of JupUSD issued → $150,000+ in daily revenue
•  At $10B supply → roughly $1.5M per day

And with 50% of protocol fees used for buybacks, that means $750,000 per day in buybacks at the $10B supply mark.

That number alone explains why JupUSD is one of Jupiter’s biggest bets yet.

Token data on Solana is a mess. Nearly 30,000 tokens launch every day, most of them scams, duplicates, or metadata errors. For years, builders and traders have been guessing.

Jupiter Verify changed that, quickly becoming the most trusted token verification system in DeFi , powering almost every major wallet, explorer, and terminal.

At Breakpoint, Jupiter pushed the system further with VRFD, a full token-data platform integrated across:

•  Jupiter’s main site
•  Mobile app
•  Pro API
•  Developer surfaces

VRFD goes beyond verification. It standardizes token metadata, surfaces high-signal insights, and creates a single trusted index for the entire Solana ecosystem.

After four years of iteration, VRFD now offers:

•  The fastest approval flow
•  Smart social validation
•  Six-signal verification scoring
•  Unified metadata consistency

It’s now the default truth layer for token information on Solana.

Developers have always used Jupiter’s APIs, but visibility was fragmented. Logs, usage stats, and performance metrics lived in separate tools.

The new Developer Platform fixes that. It consolidates:

•  Logs
•  Error detection
•  Usage insights
•  Performance analytics
•  Real-time tracking for swaps, quotes, and token data

Builders can now monitor everything in one dashboard and debug with precision , including 429s, 500s, or downtime signals. It’s one of the most complete API toolkits in DeFi.

Jupiter also refreshed its trading terminal.

Built on Ultra v3 , Jupiter’s proprietary end-to-end trading engine , the new terminal is a unified hub for all asset classes with features such as:

•  Real-time wallet tracking
•  Alphascan’s data across 61+ launchpads
•  Developer blacklisting tools
•  OCO orders
•  Partial fills

It’s a professional-grade terminal built around onchain-first execution.

Breakpoint Special: Pushing Onchain Finance Forward

Onchain finance is the future.

It is fundamentally a better system, with open rails, transparent logic, self-custody as a default, and verifiable rules which apply equally to everyone.

But the transition from off chain to… pic.twitter.com/bEygoA87uX

— Jupiter (