Jupiter’s complete worth locked (TVL) has now surpassed Raydium’s, positioning it because the second-largest protocol on the Solana blockchain. This comes after a collection of constructive developments inside the decentralized alternate (DEX) over the previous week.
Its JUP token has grown considerably, rising because the market’s high gainer over the previous 24 hours. With rising exercise on the DEX and surging demand for JUP, it seems poised to increase these good points.
Jupiter Outranks Raydium on Solana
Jupiter’s TVL has surged by 5% over the previous week. Based on DefiLlama, it now stands at $2.87 billion, securing its place because the second-largest protocol on Solana by TVL. This latest surge has displaced Raydium, which now sits in third place with a TVL of $2.70 billion.
he surge in TVL follows a collection of constructive developments introduced by the DEX on the Catstanbul 2025 occasion. Notably, Jupiter revealed its acquisition of a majority stake in Moonshot and SonarWatch to create a Solana portfolio tracker. Moreover, the DEX dedicated to allocating 50% of its protocol charges towards JUP buybacks and a deliberate burn of three billion tokens.
These bulletins have pushed elevated exercise on the DEX, boosting its TVL considerably over the previous few days.
JUP Bulls Drive Up Worth
Jupiter’s JUP token has reacted positively to those developments. It has seen elevated demand in latest days, driving up its worth. The altcoin trades at $1.19 at press time, noting a 24% value uptick prior to now 24 hours. In the course of the overview interval, it has outperformed the highest 100 cryptos, making it the market’s high gainer.
An evaluation of the JUP/USD one-day chart reveals the opportunity of an prolonged rally. At press time, the token’s on-balance quantity (OBV) is in an upward development, sitting at an all-time excessive of 1.3 billion.
An asset’s OBV measures cash move into and out of it to foretell value actions. It suggests rising shopping for strain when it climbs like this, as extra quantity is related to upward value motion, indicating a possible bullish development.
Moreover, JUP’s Chaikin Cash Movement (CMF) sits above the zero line at 0.11 as of this writing. This indicator additionally measures how cash flows into and out of an asset.
When this indicator is constructive, it signifies shopping for strain available in the market, suggesting that the asset is experiencing accumulation.
JUP Worth Prediction: Token Hangs Between $1.46 and $1.08
At press time, JUP trades at $1.19. If it continues to see a surge in demand, this might drive its worth above the resistance fashioned at $1.22 and towards $1.46.
Conversely, this bullish outlook will likely be invalidated if the token witnesses a resurgence in selloffs. In that case, JUP’s value may drop to $1.08.
Disclaimer
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