# Gauntlet | Jupiter Markets Update: 7-Day Insights (2024-10-08 through 2024-10-15)

**URL:** <https://discuss.jup.ag/t/gauntlet-jupiter-markets-update-7-day-insights-2024-10-08-through-2024-10-15/25388>\
**Category:** Perpetuals\
**Tags:** risk, gauntlet\
**Created:** [October 15, 2024, 9:37pm UTC](https://discuss.jup.ag/t/gauntlet-jupiter-markets-update-7-day-insights-2024-10-08-through-2024-10-15/25388 "2024-10-15T21:37:33Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![gauntlet](https://yyz1.discourse-cdn.com/flex003/user_avatar/discuss.jup.ag/gauntlet/32/2216_2.png) [@gauntlet](https://discuss.jup.ag/u/gauntlet)\
**Post date:** [October 15, 2024, 9:37pm UTC](https://discuss.jup.ag/t/gauntlet-jupiter-markets-update-7-day-insights-2024-10-08-through-2024-10-15/25388/1 "2024-10-15T21:37:33Z")

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# Jupiter Markets Update: 7-Day Insights

# Summary

Gauntlet is regularly posting rolling seven-day market updates to notify the Jupiter community about:

1. Trader PnLs - signaling the health of the ecosystem and market dynamics;
2. Market competitiveness with Binance (leading CEX) - indicating Jupiter’s position against the most liquid venue for trading perpetuals;
3. JLP price and Sharpe ratio vs JLP index - demonstrating JLP’s attractiveness compared to a weighted asset index.

These seven-day market updates aim to inform the Jupiter community about the health of the perpetual ecosystem through metrics not currently tracked on our live dashboard ([Risk Dashboard](https://app.gauntlet.xyz/protocols/jupiter)). This complementary information provides a more comprehensive view of Jupiter’s market performance and ecosystem dynamics.

# **Analysis**

## SOL

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1268df47912dc0d790ea0e002ee9be5511cf0a0f.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/60dd27647e0dad507226cad0c21be5535034fa3c.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/949d562506c7f61492fb4fe0e7a53e2422b44439.png)

## BTC

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/df2833941f4ce2d933a516d5ac0edfa3f8673433.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/4694695c2dbd672d60a4a24133f087fb0ac3fe42.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9f8100309dfb8ed2dab7527972a86ca6bc20d167.png)

## ETH

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/da7ce0820e6f8d7a10613fe1fd26b63b965bc79e.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/5b9c2b086836231dc49d289cf2985f31d64f5d94.png)  
 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b05b4e0ac7ed55336731988bf0c9489105e76097.png)

## JLP vs Index

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/8168d480ebf6a79c2a81d880de703787d54c2593.png)

## Closing Thoughts

In the past seven days, SOL traders profited $425k in net PnL; however, their win rate declined to 45.9%. BTC traders earned around $75k net PnL, while ETH traders lost $245k in total. JLP underperformed the index, primarily due to inherent movements in SOL, BTC, and ETH; however, risk-adjusted returns are still higher.

_If you have any questions about our current methodology, please contact @riskringer on Telegram or Twitter._  
_To view our live dashboard with other important metrics, follow this [link](https://app.gauntlet.xyz/protocols/jupiter)._

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**Author:** ![Merlin-M-Ostermann](https://yyz1.discourse-cdn.com/flex003/user_avatar/discuss.jup.ag/merlin-m-ostermann/32/5778_2.png) [@Merlin-M-Ostermann](https://discuss.jup.ag/u/Merlin-M-Ostermann)\
**Post date:** [October 16, 2024, 10:56am UTC](https://discuss.jup.ag/t/gauntlet-jupiter-markets-update-7-day-insights-2024-10-08-through-2024-10-15/25388/2 "2024-10-16T10:56:05Z")

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Thank you for the conclusive report and all the details!