The native asset of the Solana-based decentralized crypto exchange Jupiter, JUP, gained over 25% in value following a series of significant announcements.

This rise has allowed the token to reach as high as $1.25, the daily highest level. During this process, JUP has been among the top rising crypto assets with a market value of over $2 billion.

The announcements made at the Jupiter's Katstanbul 2025 event contributed to the positive pricing of the token. During the event, approximately 3 billion JUP tokens were burned, reducing the supply by 30%. Additionally, it was announced that 50% of the fees generated on the platform will be used to repurchase JUP tokens and hold them in a long-term reserve. This strategy may contribute to increasing the value of the tokens by reducing the total supply.

The use of cryptocurrency will be expanded with the Jupnet network.
Jupiter also announced expansion plans related to the Jupnet, a multi-Blockchain network, at the event. This new network will allow users and other DeFi applications to hold and transact funds by aggregating liquidity from multiple Blockchains onto a single decentralized ledger. JUP is expected to play a significant role within Jupnet, which could expand the token's use cases.

The recent rally of JUP is supported by the increasing attention in the DeFi sector. The total locked value within the protocol has increased by more than 21% over the past week, reaching 2.87 billion dollars, indicating an increase in investor interest. During the same period, the DeFi trading volume surged from 415 million dollars to 1.48 billion dollars, reflecting investors' interest in crypto assets.

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