Solana News Today: Jupiter Cryptocurrency Surges 11% on New Lending Product Launch

Jupiter, a prominent cryptocurrency, has surged by 11% in the past day, leading gains among the top 100 cryptocurrencies. The token is currently trading around $0.6448. This rally is part of a broader momentum within the Solana ecosystem, driven by the launch of Jupiter’s new lending product.

Crypto trader Gnarleyquinn highlighted on X that the “jup-gap,” a price zone where JUP had previously moved quickly without much trading, was finally reclaimed. After several failed attempts, the token cleared this area in just one day, reaching the $0.65 level, signaling renewed strength.

Jupiter’s recent move is closely tied to the strong performance of the Solana ecosystem. Solana’s total value locked (TVL) has climbed to $10.26 billion, its highest level in six months. Jupiter Exchange holds $2.90 billion of that TVL, making it the second-largest DeFi platform on Solana, just behind Jito Sol.

Last week, over $180 million in capital was bridged to Solana, including $90 million from Ethereum, as investors shift funds toward Solana’s high-yield DeFi protocols. This growing interest has helped push Jupiter forward, both in terms of platform usage and token price.

Jupiter’s rise seems to be part of a bigger trend, riding the wave of Solana’s expanding DeFi landscape. The token is not reacting to one-off news but is benefiting from the overall growth and development within the Solana network.

The launch of Jupiter’s lending product, JLP Loans, has also supported the price rise. This new feature allows users to borrow USDC against their JLP tokens while still earning yields on their positions. Unlike traditional DeFi lending models, JLP Loans use a system that burns the collateralized JLP tokens to redeem underlying assets, avoiding market volatility and liquidity crunches.

The protocol offers a 90% loan-to-value ratio and a 0.1% liquidation penalty, positioning Jupiter Lend as a competitive alternative to platforms like Kamino Finance. With the current surge in DeFi lending, which accounts for $55 billion of the total $118 billion DeFi TVL, Jupiter’s entry into this sector is drawing user activity and liquidity.

Technical analysis of the JUP 4H chart shows that the token reclaimed a low-liquidity zone known as the “jup-gap,” between $0.58 and $0.65. The breakout was clean and fast, confirming strong buying pressure. A white arrow on the chart marked the move back through the gap, reinforcing the bullish trend that has been building since July 10.

Jupiter price sits just below a resistance zone, with traders watching levels around $0.66–$0.70 for potential continuation. The previous support between $0.475 and $0.50 remains valid if a pullback occurs. The upward structure has stayed intact, with no major breakdowns or trend reversals observed.

With both technical and fundamental drivers aligned, Jupiter’s recent performance reflects growing market confidence and active development within its ecosystem. The token’s rise is a testament to the expanding DeFi landscape on Solana and the innovative features being introduced by Jupiter Exchange.