Jupiter Perpetual Exchange protocol
Overview
Jupiter Perpetual Exchange is the perpetual-futures venue within the Jupiter ecosystem on Solana. DefiLlama describes it as 'a LP-to-trader perpetual exchange based on oracle prices' — meaning traders take positions against a shared liquidity pool rather than against an order book, with entry and exit priced from oracles instead of matched bids and offers. It is registered on DefiLlama under the parent protocol Jupiter, with JUP as the associated token and the program address JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN, and was first listed there on 29 January 2024. It operates solely on Solana and is categorised as a Derivatives protocol. Per the DefiLlama protocol API read on 22 July 2026, the exchange held about $727M of TVL on Solana with roughly $118M borrowed by traders against the pool. DefiLlama records zero audits on file for the protocol entry. The exchange sits under the broader Jupiter protocol umbrella on Solana and was added to DefiLlama's index in January 2024.
Within the DeFi Intel graph, Jupiter Perpetual Exchange connects to 8 tracked entities, most strongly to Solana, Solana, JUP.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 8 of 8 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Solana | 95% |
deployed-on | Solana | 95% |
supports_token | JUP | 95% |
operates | Jupiter Exchange | 95% |
competes-with | Drift Protocol | 95% |
integrates | Jupiter | 90% |
issued_by | JLP | 90% |
competes_with | Drift Protocol | 85% |
Frequently asked questions
What is Jupiter Perpetual Exchange?
Jupiter Perpetual Exchange is a perp-dex tracked in the DeFi Intel knowledge graph. It is connected to 8 other tracked entities, most strongly to Solana, Solana, JUP.
What type of entity is Jupiter Perpetual Exchange?
Jupiter Perpetual Exchange is classified as a perp-dex (protocol) in the DeFi Intel knowledge graph.
What is Jupiter Perpetual Exchange connected to?
In the DeFi Intel knowledge graph, Jupiter Perpetual Exchange is linked to 8 other tracked entities, most strongly to Solana, Solana, JUP.
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