Jupiter's total value locked (TVL) has now surpassed Radium's TVL, making it the second-largest protocol on the Solana blockchain. This comes after positive developments in the decentralized exchange (DEX) last week.
The JUP token has seen significant growth, posting the largest gains in the market over the past 24 hours. This upward trend is expected to continue due to increased activity on the DEX and surging demand for JUP.
Jupiter TVL reaches $2.87 billion
Jupiter's TVL increased by 5% last week. According to defillama, it currently stands at $2.87 billion, making it the second-largest protocol on Solana by TVL. This recent surge has allowed it to overtake Radium, which now has a TVL of $2.7 billion, placing it in third place.
The surge in TVL is attributed to a series of positive developments announced by the DEX at the Catstanbul 2025 event. Notably, Jupiter revealed that it has acquired majority stakes in Moonshot and Sonar Watch to create a Solana portfolio tracker. The DEX also announced plans to allocate 50% of protocol fees to JUP buybacks and 30 billion token burns.
These announcements have driven increased activity on the DEX, significantly boosting the TVL over the past few days.
JUP rally, price appreciation
The JUP token of Jupiter has responded positively to these developments. Demand has increased in recent days, pushing its value higher. At the time of reporting, the altcoin is trading at $1.19, recording a 24% price increase over the past 24 hours. It has outperformed the top 100 cryptocurrencies, making it the biggest gainer in the market during the review period.
According to the JUP/USD daily chart analysis, there is a possibility of an extended rally. At the time of reporting, the token's on-balance volume (OBV) is showing an uptrend, reaching a new all-time high of $1.3 billion.
The asset's OBV measures the flow of money into the asset, providing insights into potential price movements. The current uptrend indicates increasing buying pressure, with more trading volume associated with the rising price action, suggesting a potential bullish trend.
Additionally, JUP's Chaikin Money Flow (CMF) is currently at 0.11, above the zero line. This indicator measures the flow of money into the asset.
A positive CMF suggests buying pressure in the market, implying that the asset is being accumulated.
JUP price prediction: Likely to consolidate between $1.46 and $1.08
At the time of reporting, JUP is trading at $1.19. If demand continues to increase, it could break above the $1.22 resistance level and target $1.46.
Conversely, if selling pressure emerges again, this bullish outlook would be invalidated. In that case, the price of JUP could decline to $1.08.
