24h Change-3.77%
All Time HighOct 6, 2025$5.99
All Time LowNov 24, 2023$0.15
Market Cap$768.27m
Fully Diluted Valuation$768.27m
Circ. Supply224.65m JLP
CEX Volume$152,780
DEX Volume$6.98m
Risk-management actions published about JLP by tracked risk managers and governance contributors, newest first.
JLP exposures in Drift's deprecated vaults like hJLP and hJLP 2x, held by Gauntlet and Knightrade, remain at risk from the contagion, with $6.4M in residual allocations vulnerable to the operational control failure.
JLP supply plummeted 57.0% with -$68M outflows to $131M, as leveraged perpetual strategies unwound during the SOL crash, leading to $8.3M in liquidations from basket value losses in SOL, ETH, and BTC. The JLP market contracted 55.6% overall.
JLP is dismissed as a risk-free candidate due to its spot exposure to SOL, ETH, and BTC plus trader PnL layers, resulting in drawdowns and making it unsuitable as a low-risk parking layer.
JLP supply surged $65M as existing users topped up positions for leveraged perpetual strategies, marking a resurgence after December's contraction.
JLP declined 10% from $3.83 to $3.43 in the event, leading to $6.47M in collateral seized, primarily from JLP/USDC pairs ($5.19M). Liquidations totaled 10,560 events, processed without issues or bad debt.
Jupiter's JLP holds spot assets like SOL, ETH, BTC, and stables, earning fees but carrying full spot beta with NAV moving directly with underlyings plus trading PnL. It offers upside exposure beyond neutralized MM vaults but with higher volatility, positioning it further out on the risk spectrum.
JLP supply fell $64M and debt $38M due to continued user migration to Jupiter's native lending ecosystem and unwinding from declining perp fee returns.
JLP supply declined 23% to $302M and faced $4M in liquidations across 2,733 events due to moderated leveraged trading activity and perp competitiveness. As a diversified perpetual LP token, it remains exposed to volatility but processed smoothly with average bonuses of 1.34%.
JLP supply grew 15.6% to $393M with $1.4M in collateral liquidated, showing regained competitiveness in leveraged trading fees but exposure to volatility in the October 10th cascade.
JLP market saw $1.3M in liquidations during the volatility spike. The partial liquidation model limited user losses to a median of 0.07% of position size.
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Showing 10 of 28 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSOL-JLP | $2.75m | 14.96% | 14.96% | 15.29% | |||||
| open in new tabJLP-USDC | $1.45m | 16.48% | 16.48% | 17.60% | |||||
| open in new tabCBBTC-JLP | $247,699 | 27.59% | 27.59% | 10.00% | |||||
| open in new tabJLP-SYRUPUSDC | $194,839 | 18.84% | 18.84% | 5.62% | |||||
| open in new tabJLP-JITOSOL | $177,121 | 8.85% | 8.85% | 5.38% | |||||
| open in new tabJLP-USDC | $52,244 | 6.36% | 6.36% | 11.89% | |||||
| open in new tabWSOL-JLPConcentrated - 0.02% | $51,076 | 6.51% | 6.51% | 2.52% | |||||
| open in new tabCBBTC-JLP | $26,533 | 23.23% | 23.23% | 5.39% | |||||
| open in new tabCBBTC-JLP | $10,122 | 7.38% | 7.38% | 3.80% | |||||
| open in new tabJLP-HYPE | $10,009 | 11.88% | 11.88% | 11.88% |
Showing 10 of 1991 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $249.88m | $157.7m | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 84% | $43.73m | $0 | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $22.68m | $16.48m | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $11.51m | $8.47m | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $7.92m | $5.84m | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 50% | $1.95m | $0 | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $1.2m | $706,905 | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 84% | $67,540 | $0 | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 85% | $61,915 | $4,431 | ||
| open in new tabJLP âžž USDC | $0 | 0% | 0% | 0% | 65% | $52,269 | $510 |
