TL; PhD
- Jupiter allocated $150 million USDC to JLP loansallowing users to use liquidity tokens as collateral to access their credits.
- Jup prices rose 25.6% in a weekAnd following the announcement of the new lending system, daily trading volumes have increased 175% to $342 million.
- Unlike other protocols, Jupiter avoids forced clearing in open markets By supporting loans with an internal pool of assets.
Jupiter allocated $150 million in USDC to new lending features within the JLP systema mechanism that allows users to lock liquidity tokens as collateral to borrow funds.
Announcement has been pushed price Jupiter’s (jup) It rose 3% in a day, and tokens are currently trading at around $0.6209 It indicates 25.6% weekly gain. Trading volumes also skyrocketed, almost tripling in 24 hours to surpass $342 million. This is an increase of 175%.
How does Jupiter loan work?
Key differences between JLP loans and other debt systems It’s in the way they handle the liquidation. Instead of selling assets when collateral value drops, The protocol holds reserves for assets that directly support the loan. This structure reduces market pressure and prevents liquidation from affecting the wider token price. This technology design has been well received by users and has raised wider interest in tokens and their ecosystem.
Since hitting a low of $0.30 in April, JUP has 110% have been collected. Although it’s far from the highest ever in January 2024 $2.04, Technical indicators suggest a positive outlook. If the price exceeds $0.70, Possible to push towards $0.85 And ultimately, I’m aiming for $1. This is a level with strong psychological resistance.
Jupiter closed the second quarter with strong indicators and steady growth. Over the last few months, that has surpassed it The 8 million active wallets reached a trading volume of $142 billion and collected a fee of $82.4 million. In addition to launching lending capabilities, the platform also integrates trading and liquidity offerings, making it even more attractive to users We are seeking returns across multiple fronts within the Solana Ecosystem.
The total value that was locked also increased sharply, Jumps from $2.1 billion to $3 billion in just one month. In a market where Ethereum is focusing on $4,000 and Solana is approaching $300, Jupiter shows outstanding performance
