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.