Jupiter Perps - Future outlook and Insights

Jupiter Products Perpetuals
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Jupiter Perps is facing real headwinds — daily volume has dropped to ~$150-170M (per recent DefiLlama data), product still feels more power-user pool than frictionless CEX-like degen playground.

Jupuary is on hold and perps trading volume is fading away. Perps is the one porduct which needs to be focused on as it is falling behind other big perp trading platforms like hyperliquid. In my view these changes can be incorporated to reginite user experience for future/perp trading on the jupiter platform.

  • Expand Markets Dramatically (from 3 → 50+ pairs)
  • New features like copy trading and vaults.
  • Revamp Fees + Volume-Based Rebates (Make It Feel Cheap)
  • Improve the trading UX with gamification and rewards.
  • Use AI to track user perps activity and render statistics.

The brand is still massive — people want to trade on Jupiter because of the swap aggregator moat. They just need the perp product to feel as effortless and fun as the rest of the platform. Execute fast, communicate transparently on X/Discord, and the volume will follow.

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I wouldn’t call it a power user tool even. It feels much more like a prototype still.

The one exception is JLP. It’s been an unmitigated success. It’s a non-staking yield bearing token that’s integrated widely across Solana defi.
Yet even it is struggling as volumes and yields plummet.

I’d love to hear from the team about where perps sit as goes their longer term strategy. Even before the exploit, Drift was losing the perps battle. Solana is still not an optimal place to run perps. That’s why all the most exciting perps protocols are now being built on Solana L2s/sidechains (e.g., Bullet, BULK, Flash Trade etc..).

Is Jupiter considering a similar strategy? I certainly hope so. The Jupiter mobile app is such a huge moat for Jupiter perps.