# Jupiter Weekly Report | June 16th, 2025

**URL:** <https://discuss.jup.ag/t/jupiter-weekly-report-june-16th-2025/38858>\
**Category:** Risk\
**Created:** [June 16, 2025, 8:31pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-16th-2025/38858 "2025-06-16T20:31:17Z")\
**Posts on this page:** 2\
**Page:** 1

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**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:** [June 16, 2025, 8:31pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-16th-2025/38858/1 "2025-06-16T20:31:17Z")

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## Summary

- Over the past week, the protocol’s volume increased by 4.35%, averaging $662.8M per day, compared to $635.2M on average in the three weeks prior.
- In the same span, SOL’s price decreased by 5.01%, ETH’s price decreased by 4.86%, and BTC’s price decreased by 4.25%. JLP increased by 0.80% vs. the JLP basket’s 3.37% decrease, representing an outperformance of 4.17% for LPs relative to the JLP pool’s underlying assets.
- Jupiter traders’ aggregate realized PnL increased by $273.4K in gross terms and decreased by $5.9M in net terms due to their long-favored exposure. Traders’ cumulative unrealized PnLs, meanwhile, decreased by $883.6K this week.

## Protocol level

### JLP pool

 ![image (96)](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/bcae612421e1f0ec6fb864af9e7deb24a7d00fe6.png)  
 ![image (97)](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/37b9a1b24d1ad55bb2b3d87de4089dd336d4aa28.png)  
 ![image (98)](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/191851c5eaf3be4cb52cca9b75107f5932533781.png)

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

 ![image (99)](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/d/da5e4136785d78616d6f05ebf2f0cb9a9764a450.png)  
 ![image (100)](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/397fb3a046545e4a4c9043c84edf9bddb3d7c8a1.png)

The pool’s composition also hemmed close to target, with utilization rates remaining steady.

 ![image - 2025-06-16T212513.341](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/2/25434621054eb3ec5c879014189fd864aad01518.png)

### JLP Market Comparison

JLP’s market price increased by 0.80% over the last week. In the same period, BTC decreased by 4.25%, ETH decreased by 4.86%, and SOL decreased by 5.01%.

 ![image - 2025-06-16T212528.554](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9700a38ab3e02cdbb40c7603cbd82f4f70510338.png)

Given the JLP pool’s weights:

- SOL - 47.29%
- WBTC - 14.27%
- WETH - 8.15%
- USDC - 30.26%
- USDT - 0.0001%

JLP’s basket price decreased by 3.37%, reflecting an outperformance of 4.17% for LPs due to the long-skewed imbalance of open interest.

### Volume

Volume increased by 4.35% on Jupiter in the past week compared to previous weeks, averaging $662.8M per day, compared to $635.2M on average in the three weeks prior. BTC’s average daily volume decreased by 23.54% over the last week compared to the three weeks prior.

 ![image - 2025-06-16T212549.791](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/f911b80573f84d2b7ad0cc79b82b7402cecce82f.png)  
 ![image - 2025-06-16T212552.512](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/e06740c04950e6d1631858f70637ce5547fba3dd.png)

SOL continues to be the most dominant market on Jupiter, consisting of 59.26% 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 - 2025-06-16T212617.371](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/44b35047be6c4aa1c2eb66e3784c11b3639964f2.png)

### PnL

Due to Jupiter traders’ net long exposure, their aggregate realized PnL increased by $273.4K in gross terms and decreased by $5.9M after accounting for fees. Traders’ cumulative unrealized PnLs, meanwhile, decreased by $883.6K this week.

 ![image - 2025-06-16T212634.780](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/ffecbbdb6689bc277901fd4c1ac8ea15c2d7c6e9.png)  
 ![image - 2025-06-16T212646.142](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b03adb569854c7c3d675a2dd90189a3d49723c4d.png)  
 ![image - 2025-06-16T212649.045](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/1ba6fd4369dad511e2ff89fe02c33e611afa17a8.png)

### Fees

Over the past week, Jupiter’s cumulative fees were ~$5.0M, with a daily average of $717.5K, a decrease of 0.92% from $724.1K the previous three weeks.

 ![image - 2025-06-16T212718.916](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9370b490eb31b268e08fb46ca01f60f7c7008643.png)  
 ![image - 2025-06-16T212725.784](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/033e1a3abc6f9d2b4b35f99efd6a485962e981c4.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 - 2025-06-16T212749.872](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/fcf70bbb3c4af4b7d8e974961f5abc0ce695b810.png)  
 ![image - 2025-06-16T212754.231](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/4450f27eaef709af083e76e921b21937afc7f888.png)

BTC:

 ![image - 2025-06-16T212816.070](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b7491cf0e143b2b6f68c8f61153260ecea23325d.png)  
 ![image - 2025-06-16T212818.074](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/6bf0ecd35610a0af32ce6884da760cb81a70321e.png)

ETH:

 ![image - 2025-06-16T212838.579](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/2/25d7df272d854244dcee8c8be091305aa84d8a1e.png)  
 ![image - 2025-06-16T212844.675](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/18b2bbc9b2482c253d5fe14641a0791cc151fe33.png)

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<div class="post-metadata">

**Author:** ![JemS3](https://avatars.discourse-cdn.com/v4/letter/j/db5fbb/32.png) [@JemS3](https://discuss.jup.ag/u/JemS3)\
**Post date:** [June 19, 2025, 6:33pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-16th-2025/38858/2 "2025-06-19T18:33:59Z")

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> [@chaoslabs](#):
>
> Over the past week, the protocol’s volume increased by 4.35%, averaging $662.8M per day, compared to $635.2M on average in the three weeks prior

..good to know this! staying positive ..don’t sell ..better to hold
