# Jupiter Weekly Report | August 11th, 2025 **URL:** \ **Category:** Risk\ **Created:** [August 11, 2025, 9:43pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-august-11th-2025/39372 "2025-08-11T21:43:20Z")\ **Posts on this page:** 1\ **Page:** 1
**Author:** ![chaoslabs](https://yyz1.discourse-cdn.com/flex003/user_avatar/discuss.jup.ag/chaoslabs/32/4510_2.png) [@chaoslabs](https://discuss.jup.ag/u/chaoslabs)\ **Post date:** [August 11, 2025, 9:43pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-august-11th-2025/39372/1 "2025-08-11T21:43:20Z")
## Summary - Over the past week, the protocol’s volume decreased by 30.00%, averaging $543.2M per day, compared to $775.9M on average in the three weeks prior. - In the same span, SOL’s price increased by 7.89%, ETH’s price increased by 14.24%, and BTC’s price increased by 3.46%. JLP increased by 4.62% vs. the JLP basket’s 0.00% decrease, representing an outperformance of 4.42% for LPs relative to the JLP pool’s underlying assets. - Jupiter traders’ aggregate realized PnL increased by $8.2M in gross terms and increased by $2.4M in net terms due to their long-favored exposure. Traders’ cumulative unrealized PnLs, meanwhile, increased by $36.5M this week. ## Protocol level ### JLP pool ![image - 2025-08-11T174553.281](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/541ce48ecec6e6f62dd019138d552951a70af5ae.png) ![image - 2025-08-11T174610.186](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bf49c8ba618cb31fd3643025aa18a97681c7d9a8.png) ![image - 2025-08-11T174557.199](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/6c736cf227a7aa14c7e1b86ebf82648add2a5a3e.png) The JLP pool held relatively steady in nominal terms this week. ![image - 2025-08-11T174720.350](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/ecd3fb46823d79aaf8408522b2894ccd6c2c655d.png) ![image - 2025-08-11T174722.933](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/2/2b573b4ffc40e59d66078809d250919bde2e8c4c.png) The pool’s composition also hemmed close to target, with utilization rates remaining steady. ### ![image - 2025-08-11T174806.743](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/82e62a9478373b124a7f84e43016d13cad76007b.png) JLP Market Comparison JLP’s market price increased by 4.62% over the last week. In the same period, BTC increased by 3.46%, ETH increased by 14.24%, and SOL increased by 7.89%. ![image - 2025-08-11T174832.455](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b302625956b08bab8359d8d0715dc3c6bf79f60e.png) Given the JLP pool’s weights: - SOL - 55% - WBTC - 16% - WETH - 10% - USDC - 18% - USDT - 0% JLP’s basket price decreased by 0.00%, reflecting an outperformance of 4.42% for LPs due to the long-skewed imbalance of open interest. ### Volume Volume decreased by 30.00% on Jupiter in the past week compared to previous weeks, averaging $543.2M per day, compared to $775.9M on average in the three weeks prior. BTC’s average daily volume decreased by 31.67% over the last week compared to the three weeks prior. ![image - 2025-08-11T174859.370](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/7/72df2f109f915a53b2bc24b31ab920511e6b1c1e.png) ![image - 2025-08-11T174902.291](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/6415a151abc061b9230b59035f481f93e63d4bf1.png) SOL continues to be the most dominant market on Jupiter, consisting of 55.04% of the protocol volume in the last week. ### Unique daily users Jupiter’s perps exchange has served a maximum of ~15,000 unique addresses on its most active days. Recently, it has served between 3,000 and 10,000 addresses per day. ### ![image - 2025-08-11T174941.534](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b833829b5f82a02baefdc20532a032b46eff4736.png) PnL Due to Jupiter traders’ net long exposure, their aggregate realized PnL increased by $8.2M in gross terms and increased by $2.4M after accounting for fees. Traders’ cumulative unrealized PnLs, meanwhile, increased by $36.5M this week. ![image - 2025-08-11T175035.436](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/0070554bd4f7df79b57a092a765f1d05d29194fa.png) ![image - 2025-08-11T175038.786](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/135fafa7a88351d10506e5e7a7b56eb7844ea675.png) ![image - 2025-08-11T175042.914](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/352ca13b78cd10c57f6a09a7faedb9b79125f2af.png) ### Fees Over the past week, Jupiter’s cumulative fees were ~$5.0M, with a daily average of $717.0K, a decrease of 32.70% from $1.1M the previous three weeks. ![image - 2025-08-11T175133.151](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/2/2bc9793124bf6c04e4599dbaffcec538b1253d01.png) ## ![image - 2025-08-11T175136.225](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/c/cded1ba3a7e3bab741d39a2a78ed8785acbc79c3.png) Market Level ### OI distribution Jupiter’s traders continue to have a strong bias for long positions. There’s currently no expectation or reason for that to change. SOL: ![image - 2025-08-11T175233.239](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/2/2cca033d8988ee3cb07415c6450ee84218feebec.png) ![image - 2025-08-11T175235.284](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9f18d38ab9693446a139c0650ec10af286302139.png) BTC: ![image - 2025-08-11T175312.064](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/5234384d2035dc492d0f30c9ab019253b3036fe0.png) ![image - 2025-08-11T175315.108](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1eb37b676ec92a8a6e973d8b1a428972f3d22190.png) ETH: ![image - 2025-08-11T175346.205](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b854d017b76eb8e3dde3b63625abda47e352a85e.png) ![image - 2025-08-11T175347.815](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/913466d6e307a30b07dfa127f296ed54eb30bb22.png)