Total Value Locked$693.31m
TVL by Chain
Solana$693.31m
Key Metrics
Fees 30d$7.16m
Fees 30d by chain
Solana$7.16m
Fees 7d$2.26m
Solana$2.26m
Fees 24h$651,726
Solana$651,726
Cumulative Fees$849.09m
Solana$849.09m
Revenue 30d$1.79m
Revenue 30d by chain
Solana$1.79m
Revenue 7d$565,598
Solana$565,598
Revenue 24h$162,932
Solana$162,932
Cumulative Revenue$212.27m
Solana$212.27m
Holders Revenue 30d$894,666
Holders Revenue 30d by chain
Solana$894,666
Holders Revenue 7d$282,800
Solana$282,800
Holders Revenue 24h$81,466
Solana$81,466
Cumulative Holders Revenue$58.77m
Solana$58.77m
Perp Volume 30d$4.98b
Perp Volume 30d by chain
Solana$4.98b
Perp Volume 7d$1.628b
Solana$1.628b
Perp Volume 24h$186.2m
Solana$186.2m
Cumulative Perp Volume$510.171b
Solana$510.171b
Open Interest$43.83m
Active Loans$138.45m
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: All fees paid by users including liquidity operations, swaps, trading positions, funding fees, and price impactView code on GitHubRevenue: 25% of total fees goes to protocol treasury and JUP holdersView code on GitHubHolders Revenue: From 2025-02-17, 50% of revenue (12.5% of total fees) goes to JUP holdersView code on GitHubPerp Volume: Notional volume of all trades including leverage on the perp exchangeView code on GitHubCompetitors
Jupiter Perpetual Exchange history
TVL is the default DefiLlama definition, which excludes Active Loans. Daily values are UTC snapshots from Jan 29, 2024 to Oct 31, 2026.
All-time high TVL: $2.652b on Sep 14, 2025. All-time low TVL: $87.61m on Jan 29, 2024.
Daily TVL, Oct 2, 2026 to Oct 31, 2026
| Date | TVL |
|---|---|
| Oct 2, 2026 | $810.73m |
| Oct 3, 2026 | $808.82m |
| Oct 4, 2026 | $811.67m |
| Oct 5, 2026 | $822.24m |
| Oct 6, 2026 | $818.5m |
| Oct 7, 2026 | $815.13m |
| Oct 8, 2026 | $793.42m |
| Oct 9, 2026 | $765.89m |
| Oct 10, 2026 | $770.79m |
| Oct 11, 2026 | $770.87m |
| Oct 12, 2026 | $778.89m |
| Oct 13, 2026 | $740.49m |
| 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 |
TVL at each month end, Nov 2024 to Oct 2026
| Date | TVL |
|---|---|
| Nov 30, 2024 | $1.48b |
| 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 |
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, Nov 2024 to Oct 2026
| Month | Fees | Revenue | Holders revenue |
|---|---|---|---|
| Nov 2024 | $54.48m | $13.62m | $0 |
| Dec 2024 | $63.1m | $15.77m | $0 |
| Jan 2025 | $53.54m | $13.38m | $0 |
| Feb 2025 | $42.68m | $10.67m | $2.51m |
| Mar 2025 | $31.1m | $7.77m | $3.89m |
| Apr 2025 | $32.59m | $8.15m | $4.07m |
| May 2025 | $31.54m | $7.88m | $3.94m |
| Jun 2025 | $31.89m | $7.97m | $3.99m |
| Jul 2025 | $40.51m | $10.13m | $5.06m |
| Aug 2025 | $52.92m | $13.23m | $6.62m |
| Sep 2025 | $45.65m | $11.41m | $5.71m |
| Oct 2025 | $44.85m | $11.21m | $5.61m |
| Nov 2025 | $26.23m | $6.56m | $3.28m |
| Dec 2025 | $12.22m | $3.06m | $1.53m |
| Jan 2026 | $16.68m | $4.17m | $2.09m |
| Feb 2026 | $16.58m | $4.15m | $2.07m |
| Mar 2026 | $10.06m | $2.51m | $1.26m |
| Apr 2026 | $9.32m | $2.33m | $1.16m |
| May 2026 | $6.85m | $1.71m | $856,503 |
| Jun 2026 | $11.42m | $2.85m | $1.43m |
| Jul 2026 | $5.6m | $1.4m | $700,436 |
| Aug 2026 | $8.86m | $2.21m | $1.11m |
| Sep 2026 | $8.03m | $2.01m | $1m |
| Oct 2026 (to date) | $7.16m | $1.79m | $894,666 |
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 Oct 31, 2026, Jupiter Perpetual Exchange has $693.31m in total value locked. TVL has decreased 13.8% 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 $7.16m in fees. Of that, $1.79m was protocol revenue. Based on the trailing year, the annualized rate is $139.65m in fees and $34.91m 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 $1.909b across 421 protocols, and Jupiter Perpetual Exchange accounts for 36.3% of that total. Similar protocols include GMX Solana, Phoenix Perp, BULK, TurboFlow Perps, Bumpin Trade, Cardboard Trade, Parcl V3, Drift Trade, Lavarage, and Wasabi Perps.
How much has been borrowed through Jupiter Perpetual Exchange?
As of Oct 31, 2026, Jupiter Perpetual Exchange has $138.45m in active loans.