# Jupiter Weekly Report | Jan 5th 2026

**URL:** <https://discuss.jup.ag/t/jupiter-weekly-report-jan-5th-2026/39856>\
**Category:** Risk\
**Tags:** risk, chaos-labs\
**Created:** [January 5, 2026, 9:39pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-jan-5th-2026/39856 "2026-01-05T21:39:27Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**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:** [January 5, 2026, 9:39pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-jan-5th-2026/39856/1 "2026-01-05T21:39:27Z")

</div>

## Summary

- Over the past week, the protocol’s volume decreased by 16.41%, averaging $214.1M per day, compared to $256.1M on average in the three weeks prior.

- In the same span, SOL’s price increased by 8.78%, ETH’s price increased by 7.03%, and BTC’s price increased by 4.85%. JLP increased by 6.26%, representing an outperformance of 6.26% for LPs relative to the JLP pool’s underlying assets.

- Jupiter traders’ aggregate realized PnL increased by $1.5M in gross terms and decreased by $143.5K in net terms due to their long-favored exposure. Traders’ cumulative unrealized PnLs, meanwhile, increased by $11.5M this week.

## Protocol level

### JLP pool

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/c/ccc88a7e42ab4f68dbfd5215ee149b4d42944675.png)

The JLP pool held relatively steady in nominal terms this week.

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/fc257e98e25da229b01a5eee2b57c73de1b0daca.png)

The pool’s SOL composition has been higher than target weightage, while USDC composition is lower than target weightage.

### JLP Market Comparison

JLP’s market price increased by 6.26% over the last week. In the same period, BTC increased by 4.85%, ETH increased by 7.03%, and SOL increased by 8.78%.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/37eb22af49931916a24c85e6fdcaed38188d9793.png)

Given the JLP pool’s weights:

- SOL - 45%

- WBTC - 17.4%

- WETH - 8%

- USDC - 29.6%

JLP’s basket price reflects an outperformance of 6.26% for LPs due to the long-skewed imbalance of open interest.

### Volume

Volume decreased by 16.41% on Jupiter in the past week compared to previous weeks, averaging $214.1M per day, compared to $256.1M on average in the three weeks prior. BTC’s average daily volume decreased by 23.46% over the last week compared to the three weeks prior.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/e9b9d6c2c2d718d069170a1da7079d35afaf08f8.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/53943b234e3b590f2d46330715473fd5b4e98e7a.png)

SOL continues to be the most dominant market on Jupiter, consisting of 76.59% 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.

### PnL

Due to Jupiter traders’ net long exposure, their aggregate realized PnL increased by $1.5M in gross terms and decreased by $143.5K after accounting for fees. Traders’ cumulative unrealized PnLs, meanwhile, increased by $11.5M this week.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/37762214d090022f0d888a39b853838ad1254761.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/db0b735d0c46e2beb1fe71f6760505033d3ee795.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/8750da4c62dbc82396671d1866bbacab009db89d.png)

### Fees

Over the past week, Jupiter’s cumulative fees were ~$1.3M, with a daily average of $180.0K, a decrease of 35.47% from $278.9K the previous three weeks.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/18cd58d1036918f6901acfc269ffc0d99a370530.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/019fa8ff76e99ac8c901fd632366b0923ba759b5.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](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/db2a641d4386049cd53d3b4aa534db4bf57ec747.png)

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/6d998d97f4c8ca55b96a21ce9598187a3ffbc6dc.png)

BTC:

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/a/aad4d4d94a726e066453189b46b6f6c2a7619a95.png)

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/38ec2cb8e9a81b6218a351279f6edcdf3476ccdf.png)

ETH:

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9df1135aa6f621585b12b3e13a87fe1e6ca7d2a2.png)

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/0c47eaf2fdd6976db524d712fbf5efceae23b61b.png)