Jupiter Shatters All-Time High Monthly Revenue, Hitting $33M in February

Jupiter, one of the largest decentralized trading platforms built on the Solana network, achieved a record $33 million in revenues during February 2025, according to a Mar. 17 Syndica report.

Jupiter’s revenue was mainly driven by Jupiter Perps and the new ultra swaps mode feature.

Jupiter's Ultra Swaps now account for 25% of the protocol's monthly earnings. Ultra Swaps deliver real-time slippage estimates, dynamic priority fees, and optimized transactions.

The jump in revenue comes as Solana DApps have outperformed other blockchain ecosystems for a straight fifth month. In February, Solana DApps generated approximately 58% revenue share, achieving record-breaking revenue in the first quarter of 2025.

Solana DApps combined generated around $300 million in February, compared to $662 million in total revenue during January 2025 at the height of the memecoin frenzy. However, Jupiter bucked the trend, exceeding its January revenue by 30% in February.

Despite an ongoing buyback program utilizing 50% of revenues, Jupiter’s token is down nearly 27% over the past month and trades at a $1.4 billion market capitalization, according to CoinGecko data.