Total Value Locked$631.43m
TVL by Chain
Solana$631.43m
Key Metrics
Fees 30d$8.32m
Fees 30d by chain
Solana$8.32m
Fees 7d$2.14m
Solana$2.14m
Fees 24h$232,128
Solana$232,128
Cumulative Fees$834.44m
Solana$834.44m
Revenue 30d$2.08m
Revenue 30d by chain
Solana$2.08m
Revenue 7d$534,763
Solana$534,763
Revenue 24h$58,032
Solana$58,032
Cumulative Revenue$208.61m
Solana$208.61m
Holders Revenue 30d$75,934
Holders Revenue 30d by chain
Solana$75,934
Holders Revenue 7d$75,934
Solana$75,934
Holders Revenue 24h$0
Solana$0
Cumulative Holders Revenue$75,934
Solana$75,934
Perp Volume 30d$5.86b
Perp Volume 30d by chain
Solana$5.86b
Perp Volume 7d$1.777b
Solana$1.777b
Perp Volume 24h$194.26m
Solana$194.26m
Cumulative Perp Volume$512.961b
Solana$512.961b
Open Interest$44.49m
Active Loans$133.17m
Protocol Information
Jupiter Perpetual Exchange is a LP-to-trader perpetual exchange based on oracle prices.
Methodology
TVL: TVL sums each Custody's tokenAccount SPL balance (LP liquidity plus trader collateral held in the same custody token account) plus Custody.totalStakedAmountLamports (the SOL custody's natively-staked portion held in Solana stake accounts). Borrowed is Custody.debt/1e9 per asset — USDC lent out to JLP-loan borrowers, fully collateralized by JLP, reported separately.View code on GitHubFees: Trading, swap, borrow, liquidation and JLP mint/burn fees paid by users, plus staking rewards on the pool's SOL and JLP Loans interest.View code on GitHubRevenue: 25% of all fees, sent to Jupiter.View code on GitHubHolders Revenue: No holders revenue on this listing: the JUP bought back with the other half of the 25% of fees sent to Jupiter is counted on the Jupiter Aggregator listing.View code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubJupiter Perpetual Exchange history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 29, 2024 to Nov 12, 2026.
All-time high TVL: $2.652b on Sep 14, 2025. All-time low TVL: $87.61m on Jan 29, 2024.
Daily TVL, Oct 14, 2026 to Nov 12, 2026
| Date | TVL |
|---|---|
| Oct 14, 2026 | $755.53m |
| Oct 15, 2026 | $737.38m |
| Oct 16, 2026 | $746.96m |
| Oct 17, 2026 | $738.77m |
| Oct 18, 2026 | $736.17m |
| Oct 19, 2026 | $738.36m |
| Oct 20, 2026 | $737.35m |
| Oct 21, 2026 | $747.73m |
| Oct 22, 2026 | $747.17m |
| Oct 23, 2026 | $729.72m |
| Oct 24, 2026 | $722.93m |
| Oct 25, 2026 | $722.88m |
| Oct 26, 2026 | $716.39m |
| Oct 27, 2026 | $714.12m |
| Oct 28, 2026 | $717.51m |
| Oct 29, 2026 | $719.18m |
| Oct 30, 2026 | $681.98m |
| Oct 31, 2026 | $695.22m |
| Nov 1, 2026 | $691.98m |
| Nov 2, 2026 | $686.97m |
| Nov 3, 2026 | $670.7m |
| Nov 4, 2026 | $674.47m |
| Nov 5, 2026 | $694.32m |
| Nov 6, 2026 | $661.64m |
| Nov 7, 2026 | $664.31m |
| Nov 8, 2026 | $660.93m |
| Nov 9, 2026 | $646.38m |
| Nov 10, 2026 | $646.31m |
| Nov 11, 2026 | $631.94m |
| Nov 12, 2026 | $634.37m |
TVL at each month end, Dec 2024 to Nov 2026
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.721b |
| Jan 31, 2025 | $1.92b |
| Feb 28, 2025 | $1.546b |
| Mar 31, 2025 | $1.419b |
| Apr 30, 2025 | $1.575b |
| May 31, 2025 | $1.597b |
| Jun 30, 2025 | $1.608b |
| Jul 31, 2025 | $1.817b |
| Aug 31, 2025 | $2.286b |
| Sep 30, 2025 | $1.863b |
| Oct 31, 2025 | $1.817b |
| Nov 30, 2025 | $1.286b |
| Dec 31, 2025 | $1.144b |
| Jan 31, 2026 | $1.301b |
| Feb 28, 2026 | $768.83m |
| Mar 31, 2026 | $824.9m |
| Apr 30, 2026 | $683.26m |
| May 31, 2026 | $767.42m |
| Jun 30, 2026 | $700.62m |
| Jul 31, 2026 | $711.53m |
| Aug 31, 2026 | $758.22m |
| Sep 30, 2026 | $808.59m |
| Oct 31, 2026 | $695.22m |
| Nov 12, 2026 (latest) | $634.37m |
TVL at each year end, Dec 31, 2024 to Dec 31, 2025
| Date | TVL |
|---|---|
| Dec 31, 2024 | $1.721b |
| Dec 31, 2025 | $1.144b |
Fees, revenue and holders revenue by UTC calendar month, Dec 2024 to Nov 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Dec 2024 | $63.1m | $15.77m | $0 |
| Jan 2025 | $53.54m | $13.38m | $0 |
| Feb 2025 | $42.68m | $10.67m | $0 |
| Mar 2025 | $31.1m | $7.77m | $0 |
| Apr 2025 | $28.49m | $7.12m | $0 |
| May 2025 | $27.01m | $6.75m | $0 |
| Jun 2025 | $26.64m | $6.66m | $0 |
| Jul 2025 | $32.82m | $8.21m | $0 |
| Aug 2025 | $43.94m | $10.98m | $0 |
| Sep 2025 | $40.44m | $10.11m | $0 |
| Oct 2025 | $45.34m | $11.34m | $0 |
| Nov 2025 | $28.12m | $7.03m | $0 |
| Dec 2025 | $14.97m | $3.74m | $0 |
| Jan 2026 | $19.66m | $4.92m | $0 |
| Feb 2026 | $18.54m | $4.63m | $0 |
| Mar 2026 | $11.7m | $2.93m | $0 |
| Apr 2026 | $10.56m | $2.64m | $0 |
| May 2026 | $8.32m | $2.08m | $0 |
| Jun 2026 | $11.24m | $2.81m | $0 |
| Jul 2026 | $6.77m | $1.69m | $0 |
| Aug 2026 | $9.51m | $2.38m | $0 |
| Sep 2026 | $8.67m | $2.17m | $0 |
| Oct 2026 | $8.16m | $2.04m | $0 |
| Nov 2026 (to date) | $3.4m | $850,892 | $75,934 |
The .csv export on the chart above downloads every daily value. The same data is in the public API: https://api.llama.fi/protocol/jupiter-perpetual-exchange
Frequently asked questions
What is Jupiter Perpetual Exchange's TVL?
As of Nov 12, 2026, Jupiter Perpetual Exchange has $631.43m in total value locked. TVL has decreased 14.7% over the past 30 days.
What chains does Jupiter Perpetual Exchange operate on?
Jupiter Perpetual Exchange operates on Solana. Solana holds the largest share at 100%.
How much has Jupiter Perpetual Exchange generated in fees and revenue?
Over the past 30 days, Jupiter Perpetual Exchange generated $8.32m in fees. Of that, $2.08m was protocol revenue. Based on the trailing year, the annualized rate is $148.25m in fees and $37.06m in revenue.
How does Jupiter Perpetual Exchange's TVL compare to similar protocols?
Among Derivatives protocols tracked by DefiLlama, Jupiter Perpetual Exchange ranks #1 by TVL. The category holds $1.788b across 424 protocols, and Jupiter Perpetual Exchange accounts for 35.3% of that total. Similar protocols include GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Parcl V3, Drift Trade, Lavarage, Wasabi Perps, and TRUE DEX.
How much has been borrowed through Jupiter Perpetual Exchange?
As of Nov 12, 2026, Jupiter Perpetual Exchange has $133.17m in active loans.