Jupiter Perps LP

Jupiter Perps LP PriceJLP

$4.861582
$0.041762+0.87%

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Jupiter Perps LP Price Today

Current JLP/USD real-time price is $4.861582, with a 24-hour change rate of +0.87% and a 7-day change rate of +1.20%. JLP currently ranks #209 globally by market cap, with a total market cap of $938.81819M, a fully diluted valuation (FDV) of $938.81819M, and a 24-hour trading volume of $12.146991M. In terms of supply, JLP has a maximum supply of ∞, a current circulating supply of 193.84M, with 100.00% already in circulation and 0.00% remaining to be unlocked.

About Jupiter Perps LP

What is Jupiter Perps LP (JLP)?

Jupiter Perps LP (JLP) is a liquidity provider token on the Solana blockchain, representing a share in the liquidity pool for Jupiter's decentralized perpetual futures contracts. By depositing assets like SOL, USDC, or other supported tokens, users receive JLP tokens, which entitle them to a share of the trading fees generated from perpetual contract activity. The value of JLP is backed by the underlying assets in the pool and accrues value through fee revenue, offering a passive yield opportunity. JLP operates on the Solana blockchain, leveraging its high speed and low transaction costs for efficient perpetual trading and liquidity management. Holding JLP involves smart contract risk and exposure to the volatility of the pooled assets, making it suitable for users comfortable with DeFi mechanisms.

Key Specifications & Tokenomics

ItemDetails
Name (Ticker)Jupiter Perps LP (JLP)
Alternative NamesJLP Token
Consensus MechanismSolana Proof-of-Stake (PoS)
Smart ContractsYes (Solana SPL Token)
Solana Address: J1toso9WQv7QLvM029377kGCPn...
CategoryDeFi / Liquidity Provider Token
Hash AlgorithmSHA-256
Block RewardN/A
Max Supply-- (Minted/Burned based on pool deposits/withdrawals)
TPSInherits from Solana (thousands of transactions per second)
Scaling SolutionNative to Solana Layer 1
BlockchainSolana

Who created Jupiter Perps LP (JLP)?

JLP is not a standalone project with a single founder but an integral part of the Jupiter decentralized exchange (DEX) ecosystem on Solana. Jupiter was founded by an anonymous developer or team known as "meow." The platform launched in 2021 and quickly became Solana's leading liquidity aggregator, routing trades across multiple DEXs to find the best prices. The introduction of JLP came with the launch of Jupiter's Perpetual Futures (Perps) trading product, a feature that allows users to trade with leverage. JLP was created to facilitate this new market by providing the necessary deep liquidity, allowing users to earn yield by supplying assets to the perpetuals liquidity pool.

How does Jupiter Perps LP (JLP) work?

JLP functions as the backbone of liquidity for Jupiter's perpetual futures. The mechanism is straightforward:

  • Liquidity Provision: Users deposit supported assets—such as SOL, USDC, or other whitelisted tokens—into a shared smart contract pool on Solana.
  • Token Minting: In return for their deposit, users receive newly minted JLP tokens. The number of JLP tokens received represents their share of the total pooled assets.
  • Fee Generation: When traders open or close leveraged positions on Jupiter Perps, they pay opening/closing fees and potentially funding rates. A significant portion of these fees is distributed to JLP token holders.
  • Value Accrual: The value of each JLP token increases as fees accumulate in the pool. The token's price is calculated as the total value of assets in the pool divided by the total JLP supply.
  • Redemption: Users can burn their JLP tokens at any time to withdraw their proportional share of the underlying pool assets, which will have grown from the accumulated fees.

What makes Jupiter Perps LP (JLP) unique and valuable?

JLP's value proposition centers on its role within one of Solana's most active DeFi ecosystems.

  • Exposure to Perpetuals Volume: Unlike simple swap fee tokens, JLP captures yield from the typically high-volume and fee-generative perpetual futures market.
  • Diversified Backing: The pool is composed of multiple blue-chip Solana assets, reducing single-asset volatility risk compared to a single-token pool.
  • Capital Efficiency on Solana: Built on Solana, JLP benefits from near-instant settlements and negligible fees, making frequent deposits, withdrawals, and fee compounding practical.
  • Integrated with Jupiter's Liquidity Network: Jupiter is Solana's primary liquidity aggregator. This deep integration ensures the perps platform has access to robust liquidity and user traffic, directly benefiting JLP holders.
  • Passive Yield Strategy: It offers a relatively hands-off way to earn yield on crypto assets without actively trading, appealing to users who believe in the long-term growth of Solana DeFi.

What is Jupiter Perps LP (JLP) used for?

The primary utility of JLP is to facilitate and incentivize liquidity for decentralized perpetual trading.

  • Earning Trading Fees: The main use is to generate a passive income stream from the fees paid by perpetual traders on the Jupiter platform.
  • Liquidity Mining & Incentives: Periodically, the Jupiter DAO or related initiatives may offer additional token incentives (e.g., JUP rewards) for staking or locking JLP tokens to further boost liquidity.
  • Collateral in DeFi Protocols: As a yield-bearing asset, JLP can potentially be used as collateral for borrowing or in other DeFi money markets within the Solana ecosystem.
  • Governance (Indirect): While JLP itself may not carry direct voting rights, its health is critical to the Jupiter ecosystem. Large JLP holders and the community have a vested interest in guiding the platform's perps development.

How Is the Jupiter Perps LP (JLP) ecosystem developing?

The JLP ecosystem evolves in tandem with Jupiter's perpetual trading platform and the broader Solana DeFi landscape.

  • Pool Asset Expansion: The DAO periodically votes on adding new, high-quality assets to the JLP pool, increasing its diversification and appeal.
  • Product Integration: Jupiter continuously works on improving its perps interface, risk management, and trading features. Enhancements like cross-margin accounts or new order types can attract more traders, increasing fee revenue for JLP.
  • Strategic Partnerships: Integrations with other Solana protocols for lending, leveraged farming, or structured products using JLP can expand its utility.
  • Community-Driven Initiatives: Proposals for adjusting fee distribution, launching incentive programs, or using treasury funds to support JLP liquidity are common discussion points within the Jupiter DAO.

How to mine Jupiter Perps LP (JLP)?

JLP is not mined through computational work. It is minted exclusively through providing liquidity. There is no traditional mining process.

  • The only way to "create" new JLP tokens is to deposit approved assets into the official Jupiter Perps liquidity pool via the Jupiter website or app.
  • This process is often referred to as "liquidity mining" or "yield farming," where you provide capital (liquidity) to earn rewards (JLP tokens representing your share and future fees).

How to keep your JLP Coin safe?

Securing JLP involves securing the Solana wallet that holds it and understanding the smart contract risks.

  • Use a Reputable Wallet: Store JLP in a non-custodial Solana wallet like Phantom, Solflare, or Backpack. Keep your seed phrase offline and never share it.
  • Verify Contracts: Always ensure you are interacting with the official Jupiter Perps interface and the correct JLP token contract address to avoid phishing scams.
  • Understand Smart Contract Risk: Your funds are deposited into a smart contract. While audited, there is always a risk of undiscovered vulnerabilities. Only deposit what you can afford to lose.
  • Beware of Impersonators: Official Jupiter communication happens through its verified website, Twitter account, and Discord server. Do not trust unsolicited offers or links.

How to buy JLP Coin?

JLP is a specialized DeFi token primarily obtained by providing liquidity. For direct trading, it is recommended to use a major platform like BTCC for higher liquidity and security.

  1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
  2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account.
  3. Start Trading: Go to the trading page and search for the spot trading pair JLP/USDT or the perpetual contract JLPUSDT.
  4. Place an Order: Enter the amount of JLP you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
  5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.

How to Buy and Use Jupiter Perps LP

Purchase Guide

Buy in just 4 steps (Register → Verify → Deposit/Purchase → Receive Coins)

  1. 1Register AccountUse email or phone number to quickly complete BTCC registration in under 1 minute.
  2. 2Identity VerificationComplete basic KYC verification to protect your account and assets.
  3. 3Quick TradeSupports credit cards, online banking and other quick purchase methods.
  4. 4Receive CoinsJupiter Perps LP is instantly credited to your BTCC account, ready for trading at any time.

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Choose Jupiter Perps LP products that suit your trading style

Thank you for your interest in BTCC. Currently, spot and futures trading services for JLP are not supported. As a leading digital asset platform, BTCC is committed to providing a secure and stable trading environment. We recommend completing your account registration and identity verification (KYC) to explore other premium assets and exclusive benefits available on BTCC.

Jupiter Perps LP FAQs

How does Solana staking and PoS consensus affect JLP supply and price?

Jupiter Perps LP (JLP) is an SPL liquidity provider token on Solana, so it inherits Solana's Proof of History plus Proof of Stake consensus. Validators stake SOL to produce blocks, and staking rewards are paid in SOL, not in JLP.

Because JLP has no fixed max supply, its supply is not capped by staking rules. New JLP is minted only when users deposit SOL, ETH, BTC, USDC or USDT into the Jupiter Liquidity Pool, and burned on redemption. The pool rebalances toward target weights using a small mint and burn fee.

Staking therefore affects JLP indirectly: staked SOL reduces liquid float, which can tighten SOL supply and influence the value of the SOL share inside the pool. Since SOL is roughly the largest pool weight, a rising SOL price lifts JLP's net asset value, while fee accrual from Jupiter Perps adds yield on top.

How do Jupiter Perps upgrades and Solana gas fees impact JLP's value?

Jupiter Perps LP (JLP) earns 75% of Jupiter Perps fees, so protocol upgrades that increase perp volume or add new markets directly raise the real yield that flows into the pool. Jupiter Perps already supports SOL-PERP, ETH-PERP and BTC-PERP, with additional markets gated behind a governance and risk-parameter process.

Solana's low gas fees matter because they keep trading, minting and redemption cheap. Cheap execution encourages more perp activity, and every open, close, price impact and borrow fee feeds the pool. Fees are redeposited hourly, lifting the JLP unit price rather than paying separate rewards, so growth compounds automatically.

There is no EIP-1559 style burn on JLP; value accrual comes from fee yield and the underlying basket of SOL, ETH, WBTC, USDC and JupUSD. Better upgrades plus low gas costs tend to expand volume, which supports JLP's long-term price.

How would a spot ETF or institutional adoption of JLP affect its price?

A spot ETF for Jupiter Perps LP (JLP) would hold the token directly, letting traditional brokerage and retirement accounts gain exposure without managing a Solana wallet. That widens the buyer base beyond on-chain users and can raise JLP's liquidity and legitimacy.

Because JLP is a liquidity provider token backed by a basket of SOL, ETH, WBTC, USDC and JupUSD, plus a claim on 75% of Jupiter Perps fees, institutional buyers would effectively gain diversified exposure to majors and perp trading revenue in one instrument. Sustained inflows would remove circulating supply from the open market and can lift the price floor.

Institutional adoption also tends to improve market depth, tighten spreads and reduce volatility over time. Any ETF approval would depend on regulatory review, and JLP's price would still track its underlying pool assets and fee yield.

JLP vs BTC: how do Jupiter Perps LP and Bitcoin compare?

Jupiter Perps LP (JLP) and Bitcoin (BTC) serve very different roles. BTC is a decentralized monetary asset, while JLP is a Solana-based liquidity provider token for Jupiter Perps, backed by a pool of SOL, ETH, WBTC, USDC and JupUSD.

DimensionJupiter Perps LP (JLP)Bitcoin (BTC)
Core PositioningPerp DEX liquidity tokenDigital store of value
Supply ModelNo fixed max, mint and burnCapped at 21M
ConsensusSolana PoH plus PoSProof of Work
Main Use CasesEarn 75% of perp feesPayments, reserve asset

In short, BTC offers scarcity and macro exposure, while JLP offers fee yield plus a diversified crypto basket. Many traders hold both for different reasons.

How do I set stop-loss and take-profit on JLP perpetual futures?

On BTCC you can attach stop-loss (SL) and take-profit (TP) orders to any JLP/USDT perpetual contract position. Use them to cap downside and lock in gains automatically.

  • Long position: place the SL below a key support zone, the recent swing low, or a moving average; place the TP near the next resistance level.
  • Short position: place the SL above a key resistance zone; place the TP near the next support level.
  • Trailing stop: enable it so the stop follows price as the trade moves in your favor, locking in profit and letting you move the SL to break-even.

Always size the position so the distance to your SL matches your risk limit, and remember that leverage magnifies both gains and losses. Review open orders after major news events.

What is JLP's current price, market cap, and 24h volume?

The current price of Jupiter Perps LP (JLP) is $4.861582, with a market cap of $938.81819M and 24h trading volume of $12.146991M. The circulating supply is 193.84M (max supply ∞).

JLP is the liquidity provider token for Jupiter Perps on Solana, backed by a pool of SOL, ETH, WBTC, USDC and JupUSD, and it earns 75% of Jupiter Perps trading fees as real yield.

For the most accurate live figures, open the JLP/USDT perpetual contract page on BTCC to view the real-time order book, funding and depth before placing a trade.

What are the core drivers of Jupiter Perps LP (JLP) price?

Jupiter Perps LP (JLP) is driven by three layers:

  • Supply side: JLP is minted by depositing SOL, ETH, BTC, USDC or USDT and burned on redemption, so pool inflows and outflows shift supply. Staking lock-ups on SOL and exchange reserves also affect the underlying basket.
  • Ecosystem: Jupiter Perps volume, open interest and borrow rates determine fee yield, since JLP earns 75% of trading and borrow fees. Growth in Solana DeFi, DApps and NFT activity lifts overall demand.
  • Macro: Fed rate decisions, global liquidity, ETF net flows and regulation influence risk appetite across crypto, which in turn moves SOL, ETH and BTC weights inside the pool.

Because JLP is not a stablecoin, its price also reflects the mark-to-market value of its underlying assets.

What are JLP's all-time high and all-time low prices?

The all-time high of Jupiter Perps LP (JLP) is $5.996774, reached on 2025-10-06 17:30; the all-time low is $1.444936, recorded on 2023-11-23 15:55.

JLP launched on 2023-12-26 as the liquidity provider token for Jupiter Perps on Solana. Its price tracks a basket of SOL, ETH, WBTC, USDC and JupUSD plus 75% of perp trading fees, so the full-cycle chart reflects both crypto market cycles and the growth of Jupiter Perps volume.

To inspect the complete price history, open the JLP/USDT perpetual contract page on BTCC and review the full-cycle candlestick chart with your preferred indicators.

How do I read JLP candlestick charts for futures trading?

Reading JLP candlesticks starts with anatomy: each candle shows the open, high, low and close for its time frame. The body spans open to close, while the wicks show the extremes. A long lower wick suggests buyers defended the low; a long upper wick suggests sellers capped the high.

  • Support and resistance: mark zones where price repeatedly reversed; these are your SL and TP reference points.
  • Moving averages: MA and EMA smooth price and show trend direction; price above a rising EMA favors longs.
  • RSI: above 70 is often read as overbought, below 30 as oversold.
  • Volume: a breakout with rising volume is stronger than one on thin volume.

Combine these signals on the JLP/USDT chart on BTCC before entering a trade.

How can I profit when the JLP price drops?

You can profit from a falling Jupiter Perps LP (JLP) price without holding spot by shorting JLP/USDT perpetual contracts on BTCC. Open a short at a higher price, then close the position by buying back at a lower price to lock in the price-difference profit.

This gives traders a two-way opportunity: you can go long in uptrends and short in bear markets or pullbacks. Because JLP tracks a basket of SOL, ETH, BTC and stables, shorting can also be used to hedge a spot JLP holding.

Always set a stop-loss above key resistance to cap risk, and remember that leverage magnifies both gains and losses. Check the live order book on the JLP/USDT page before entering.

Can I trade JLP perpetual contracts with high leverage?

Yes. BTCC offers flexible leverage on JLP/USDT perpetual contracts, up to 50x, subject to platform risk rules and position limits. Higher leverage means a smaller margin controls a larger position.

Leverage magnifies both gains and losses, so a small adverse move can trigger liquidation. Beginners should start at 2x to 10x and always use a strict stop-loss. As you gain experience, you can adjust leverage based on volatility and your risk plan.

Before trading with real funds, practice on the BTCC demo account to test leverage settings, order types and TP/SL placement using live JLP market data.

How do I practice JLP trading with a free demo account?

After registering on BTCC, switch to Demo Trading mode to receive virtual funds, for example 100,000 USDT, to practice without risking real capital. The demo environment uses real JLP market data, so prices, spreads and volatility behave like the live market.

Use the demo account to practice adjusting leverage, placing market and limit orders, and setting take-profit and stop-loss levels on JLP/USDT perpetual contracts. You can also test trailing stops and different margin modes.

Once you are comfortable with the workflow and risk controls, you can move to live trading. The demo account is a risk-free way to build confidence before committing funds.

How do I buy and trade Jupiter Perps LP (JLP) step by step?

Follow this four-step flow on BTCC:

  1. Register on BTCC and complete KYC verification.
  2. Deposit USDT via card or an external wallet.
  3. Go to the JLP/USDT perpetual contract page.
  4. Set margin mode and leverage, choose Long or Short, set your SL/TP, then confirm the order.

Jupiter Perps LP (JLP) is the liquidity provider token for Jupiter Perps on Solana, backed by a basket of SOL, ETH, WBTC, USDC and JupUSD, and it earns 75% of perp trading fees. On BTCC you trade it as a JLP/USDT perpetual contract with leverage up to 50x.

Start with small size and a strict stop-loss, and use the demo account first if you are new to futures.

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