Jupiter (JUP) perpetual market

Jupiter is a decentralized exchange aggregator on the Solana blockchain that routes trades across many liquidity sources to find users the best available price and execution. Rather than holding liquidity itself, it scans the various automated market makers and pools on Solana and splits orders across them, and it has expanded into limit orders, dollar-cost averaging, a perpetual futures exchange and a token launchpad. Jupiter became the dominant trading interface on Solana, handling a large share of the network's swap volume and serving as core routing infrastructure that other applications integrate. Its JUP token, distributed through large community airdrops beginning in 2024, is used for governance of the Jupiter DAO and its treasury and initiatives. As Solana activity surged, Jupiter established itself as one of the most heavily used decentralized trading platforms in the ecosystem.