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JUP token surges 51% in 4 weeks despite fee revenue drop, driven by growth in lending on Solana.

Protocol Fundamentals
13 Oct 2026
Crypto Briefing
View Source
Bullish
JUP token surges 51% in 4 weeks despite fee revenue drop, driven by growth in lending on Solana.

Jupiter's governance token JUP has risen about 51% in the past month, fueled by rapid growth in its lending business on the Solana blockchain. While JUP's 30-day fee revenue is around $5.5 million—far below its 2025 peak of $580 million—the token's price rally is linked to Jupiter Lend becoming the largest lending market on Solana with over $1.2 billion in active loans and TVL. Jupiter dominates Solana's aggregator market with 95% share, and its expansion from token swaps into lending signals strong user migration and growth potential. Investors should watch whether lending volume and fees stabilize or grow, and if JUP's price remains independent of Solana's native token amid market fluctuations.

JUP trades at Rp5.937 on Pluang, down 1.95% in the last day, with a market cap of Rp19.69 trillion and active order activity slightly favoring selling at 54%. Meanwhile, Solana (SOL) is priced at Rp1.924.463, down 0.47%, with a market cap of Rp1.136 trillion. These figures are current as of Oct 14, 2026, 03:02 WIB.

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Jupiter's JUP token jumps 51% in four weeks amid lower Solana platform fees

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