The information about Jupiter (JUP) token is:

Jupiter (JUP) is a token launched on the Solana blockchain as an SPL (Solana Program Library) token, serving as the native governance token for the Jupiter protocol, a leading decentralized exchange (DEX) aggregator designed to optimize token swaps within the Solana ecosystem.

The token was officially introduced on January 31, 2024, with an airdrop distributing 1 billion JUP tokens to nearly 1 million eligible Solana wallets that had interacted with the Jupiter platform prior to a snapshot on November 2, 2023, marking it as one of the largest airdrops in Solana’s history.

JUP has a total supply of 10 billion tokens, with an initial circulating supply of 1.35 billion at launch, including 1 billion for the airdrop, 250 million for a launch pool, and 50 million each for loans to market makers and immediate liquidity needs.

The token empowers holders to participate in the governance of the Jupiter DAO, allowing them to vote on protocol upgrades, fee structures, ecosystem grants, and new feature implementations, fostering a community-driven approach to development.

Jupiter aggregates liquidity from various Solana-based DEXs (e.g., Raydium, Orca, Serum) and automated market makers (AMMs), using a smart routing algorithm to find the best swap routes, and supports advanced features like limit orders, dollar-cost averaging (DCA), perpetual futures, and cross-chain bridging to networks like Ethereum and Binance Smart Chain.

The protocol was founded by an anonymous developer known as “Meow,” who leads Raccoons Labs, the entity behind Jupiter, with no initial token sale, ensuring 50% of the supply (5 billion JUP) is allocated to the community and the other 50% managed by the team for strategic reserves and ecosystem growth.

JUP’s utility extends beyond governance, with plans to integrate it into ecosystem initiatives like the Jupiter LFG Launchpad for new token sales and the development of SUSD, an overcollateralized stablecoin backed by Solana liquid staking tokens (LSTs).

The project has expanded its offerings since its 2021 launch, adding tools like the APE memecoin trading app and partnerships with Sanctum for innovations like a SOL-based debit card, positioning it as a comprehensive DeFi hub on Solana.

Posts on X and web sources emphasize Jupiter’s role as a cornerstone of Solana’s DeFi landscape, often compared to Uniswap on Ethereum, with its infrastructure supporting over 380 million swaps and integration with more than 250 dApps across the ecosystem.