Jupiter

In traditional finance, there's a gap between the quote you're shown and the price you actually get. It has a name: price impact. It's baked into every trade. Brokerages, market makers, and settlement delays all take their cut in the space between quote and execution. You see one number. You receive another. Onchain trading has the same problem. A quote is calculated against a snapshot of state. Execution happens moments later. In between, the chain keeps moving, other trades fill, pools rebalance, and prices shift. Jupiter built Metis V8 to close that gap from every angle simultaneously. It tracks historical execution quality across every available market, routes trades at the last possible moment using the most current state of the chain, and settles in under two slots. The result: what lands is as close as possible to what you were quoted. Metis has processed over $2 trillion in lifetime trading volume on Solana. The execution gap is the last unsolved problem. V8 is the answer.

One app. Every layer of onchain finance in your pocket. Jupiter Mobile just got a full redesign. The interface is clean, simple, and built for people who have never touched onchain finance before. Trade, lend, earn, manage your portfolio, spend, predict, and track rewards, all from the same place. With over 1 million users across multiple continents and roughly $900 million traded in March alone, Jupiter Mobile is becoming a gateway to our entire Financial OS, accessible to anyone, anywhere. Just use Jupiter (Mobile). The onchain everything app.

24 major financial institutions are now active onchain. Bitwise Asset Management mapped out the data: across trading, custody, funds, payments, tokenization, and exchange-traded products, 24 of the world's largest financial firms are building on or integrating with onchain infrastructure. BlackRock's BUIDL is moving institutional liquidity onchain, Deutsche Bank expanded into digital asset custody through Taurus, Vanguard opened crypto ETP access to brokerage clients. Wells Fargo, Goldman Sachs, Fidelity Investments, Morgan Stanley, UBS, Charles Schwab, HSBC, Citi, and Mastercard are all active across multiple verticals. At an accelerated pace, the industry has moved from retail-oriented, isolated product stacks to one that is increasingly connected and built to improve the limits of the traditional system. 24 institutions aren't experimenting. They're converging on the same rails Jupiter already runs.

Liquidity is the catalyst for onchain institutional adoption. Traditional corporate treasuries, prime brokers, and hedge fund managers are starting to expect liquidity that moves 24/7, without the constraints that legacy systems were built around. This is what the onchain infrastructure already delivers. The pools of capital that are anchored offchain are beginning to recognize what moving onchain can unlock. More efficient balance sheet management, and capital that doesn't sit idle waiting for a settlement window to open. Jupiter President Xiao-Xiao J. Zhu led this panel at Consensus Miami, with Kim Hochfeld from State Street Investment Management and Steve Kurz from Galaxy, where they spoke about the future of cash management and where the worlds of institutional finance and onchain infrastructure meet. Check it out below.

4.2 billion people manage their money from a mobile device. Onchain finance needs to meet them there. This is the fifth part of our Onchain Finance in 5 Years series. We've covered payments, stablecoins, lending, and accessibility so far. Now we're looking at mobile, and how the interface people use every day will determine how fast onchain finance scales.

Another week, another brick in the onchain finance foundation. Last week at Consensus Miami, we co-hosted a private dinner with FalconX, bringing together some of the most committed builders, partners, and investors in onchain finance. Around the table: hermeneutic Investments, Paradigm, Third Eye Capital, Galaxy, Portal Ventures, RockawayX, Faction VC, NUMEUS GROUP, Arca, Ethena Labs, Kalshi, Polymarket, Huma Finance, Securitize, Alber Blanc, Intesa Sanpaolo, Avalanche, and many others actively shaping the future of this industry. Some of the best conversations are not held at conference venues but during intimate dinners away from the hustle. These are the kind of rooms where strong partnerships start, and real ideas get pressure-tested by the people building side by side. Thank you to everyone who joined, and to the FalconX team for co-hosting. More to come.

A $11 billion asset manager just made its first major move into Solana DeFi. Bitwise Asset Management, one of the largest crypto-native asset managers, is now curating an Ethena Labs USDe market on Jupiter Lend, the first asset manager supported on the infrastructure. For USDe holders, that means a new lending market where they can borrow against their stablecoin and earn yield, with risk parameters set by one of the most credible names in institutional crypto. Capital that was sitting idle now has somewhere to go. Institutional capital doesn't move until the infrastructure is ready. It's ready.

You can now deposit tokenized stocks on Jupiter Lend and borrow against them. That's SPYx and other xStocks assets serving as collateral within our broader lending infrastructure, where our native stablecoin JupUSD is the fuel driving the whole ecosystem. The market cap of xStocks on Solana is up roughly 100% year-to-date, crossing $300 million, while JupUSD just hit 100,000 monthly active users, a number that doubled in the past two months. As more tokenized assets enter the Financial OS, they create new collateral, new lending activity, and new demand for the stablecoin that powers the system. Composability turns growth in one product into momentum across the entire stack. Kash Dhanda breaks down what this means in the clip below.

We have the infrastructure to bring billions of people onchain. But is that enough? This is the fourth part of our Onchain Finance in 5 Years series. We've covered payments, stablecoins, and lending so far. Now we're looking at something that determines whether any of it reaches the people who need it most: accessibility and financial literacy.

An estimated $60 billion was spent on remittance fees in 2025. That's rent, food, medicine, and school fees. Money that was earned, sent home, and taxed by a system that charges people to move their own money across a border. The average cost of sending $200? 6.49%, according to the World Bank. Banks charge roughly four times what digital providers do, settlement can take days, and the people paying those fees are mostly in the economies that can least afford it. Stablecoins change that equation. Near-instant settlement, negligible costs, 24/7 availability, and no correspondent banking chains in between. Jupiter Global is built on these rails. QR Pay lets you spend from your onchain balance at local merchants with zero fees on both sides. JupUSD is designed to return value to users, not to intermediaries. The $60 billion stays with the people who earned it.