Jupiter price holds steady as Jupiter Lend beta launches
The post Jupiter price holds steady as Jupiter Lend beta launches appeared on BitcoinEthereumNews.com.
Jupiter price is holding steady near $0.50 as excitement builds around the beta launch of Jupiter Lend, a new lending protocol designed to expand JUP’s utility and strengthen its role in Solana DeFi. Summary JUP trades at $0.5082, up 3.7% in 24h, with trading volume jumping 80% to $97.6M. Jupiter Lend beta introduces 40+ vaults, reduced liquidation penalties, and $2M in incentives. JUP can now be used as collateral, potentially deepening its ecosystem utility. As the project launched the public beta of Jupiter Lend, a new money market on Solana (SOL), Jupiter (JUP) was up 3.7% in the last day, trading at $0.5082 at the time of writing. Over the past week, the token has fluctuated between $0.4588 and $0.5376, indicating consolidation. Even though JUP is up 1.1% for the week, it is still 5.7% down in the past month and 74% below its all-time high of $2.00 set in January 2024. JUP recorded $97.6 million in spot trading volume over the last day, an 80% increase from the previous session, indicating a surge in market activity. Regarding derivatives, Coinglass data shows that open interest increased 8.1% to $137.3 million and futures volume increased 49.3% to $313.2 million, indicating a resurgence of speculative activity. Spotlight on Jupiter Lend Jupiter announced the release of Jupiter Lend in a post on X on Aug. 27. The lending protocol, which was developed in partnership with Fluid DeFi, offers a full suite of lending and borrowing markets on Solana. Jupiter Lend Public Beta is live 🥳 The most advanced money market on Solana has arrived, built with @0xfluid After weeks of testing, audits, and feedback, we’re launching with 40+ vaults and $2m+ in incentives from Jup, Fluid, and partners. Here’s what you need to know 🧵 pic.twitter.com/U3HfGyizcc — Jupiter (🐱, 🐐) (@JupiterExchange) August 27,…
