# Jupiter Weekly Report | June 24th, 2025 **URL:** \ **Category:** Risk\ **Created:** [June 24, 2025, 7:26pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-24th-2025/38955 "2025-06-24T19:26:01Z")\ **Posts on this page:** 3\ **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:** [June 24, 2025, 7:26pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-24th-2025/38955/1 "2025-06-24T19:26:01Z")
## Summary - Over the past week, the protocol’s volume increased by 17.55%, averaging $705.4M per day, compared to $600.1M on average in the three weeks prior. - In the same span, SOL’s price decreased by 2.05%, ETH’s price decreased by 3.66%, and BTC’s price increased by 0.83%. JLP increased by 0.46% vs. the JLP basket’s 0.00% decrease, representing an outperformance of 0.36% for LPs relative to the JLP pool’s underlying assets. - Jupiter traders’ aggregate realized PnL decreased by $13.1M in gross terms and decreased by $21.4M in net terms due to their long-favored exposure. Traders’ cumulative unrealized PnLs, meanwhile, decreased by $4.0M this week. ## Protocol level ### JLP pool ![image - 2025-06-24T204623.071](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/4af50b77adec9fd98d506a242d24cbf619ecd86e.png) ![image - 2025-06-24T204630.733](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/07111dae8993b0398cfde144213e4f8ffd369928.png) ![image - 2025-06-24T204632.840](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/54e5698a810de3b8a0ac34cd95523f3a807e3a9d.png) The JLP pool held relatively steady in nominal terms this week. ![image - 2025-06-24T204725.431](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/3c4e7bbf3368c098fa52874c9e2013be6d59d75a.png) ![image - 2025-06-24T204731.736](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/16692956df0da4479fdc1521f6ea491e668a8ccb.png) The pool’s composition also hemmed close to target, with utilization rates remaining steady. ![image - 2025-06-24T204945.225](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/4/4c25b9b4199c94793b1f91f57d2f3a618c42e28a.png) ### JLP Market Comparison JLP’s market price increased by 0.46% over the last week. In the same period, BTC increased by 0.83%, ETH decreased by 3.66%, and SOL decreased by 2.05%. ![image - 2025-06-24T205154.637](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/50f824f77a765a8ec80af1ad9b16b7e124707e2a.png) Given the JLP pool’s weights: - SOL - - WBTC - - WETH - - USDC - - USDT - JLP’s basket price decreased by 0.00%, reflecting an outperformance of 0.36% for LPs due to the long-skewed imbalance of open interest. ### Volume Volume increased by 17.55% on Jupiter in the past week compared to previous weeks, averaging $705.4M per day, compared to $600.1M on average in the three weeks prior. BTC’s average daily volume increased by 45.41% over the last week compared to the three weeks prior. ![image - 2025-06-24T205221.018](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/8a50235839b0226f515d477788a0e623e0681dfe.png) ![image - 2025-06-24T205228.386](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/8/8551359eab5152ad7183df25b0c6361ce938dde2.png) SOL continues to be the most dominant market on Jupiter, consisting of 53.80% 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 - 2025-06-24T205303.771](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/1/11b13749a2b3f73b3f5088c2f6bf9ebd1c44e966.png) ### PnL Due to Jupiter traders’ net long exposure, their aggregate realized PnL decreased by $13.1M in gross terms and decreased by $21.4M after accounting for fees. Traders’ cumulative unrealized PnLs, meanwhile, decreased by $4.0M this week. ![image - 2025-06-24T205333.879](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/36e5ee1edecce64529b071558801f8446fe5dd3c.png) ![image - 2025-06-24T205342.181](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/e1d59a495700764a0a1be1386e98726c50afb681.png) ![image - 2025-06-24T205344.817](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b5daf5ccf61db181380279ec274ebdfd822d86f8.png) ### Fees Over the past week, Jupiter’s cumulative fees were ~$6.3M, with a daily average of $896.1K, a increase of 19.69% from $748.7K the previous three weeks. ![image - 2025-06-24T205428.187](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/0ae6cfad60724a79a95dd502039433d476da3fa5.png) ![image - 2025-06-24T205433.881](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b52de8fa3b5703853ba747d92afea1a2ba9d713c.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 - 2025-06-24T205504.701](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b8f37c78769b9d34ac908e8c6f769e6f79959c2e.png) ![image - 2025-06-24T205510.035](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b0857a564e20bc400b16d925cdbc1fce19ef71b2.png) BTC: ![image - 2025-06-24T205533.728](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/6/6ddaf2e534c4fd836705ca2651efe4e260749443.png) ![image - 2025-06-24T205536.522](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/e995d7dc26456bb37eb78ce818ed69c85661c892.png) ETH: ![image - 2025-06-24T205625.291](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/7/751a76c769e07352d4c39c2904e3404d21426407.png) ![image - 2025-06-24T205626.770](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/7/72f80008a2f81d93ab30090c2212eb6039920400.png) ---
**Author:** ![Opacks](https://yyz1.discourse-cdn.com/flex003/user_avatar/discuss.jup.ag/opacks/32/7018_2.png) [@Opacks](https://discuss.jup.ag/u/Opacks)\ **Post date:** [June 25, 2025, 9:13am UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-24th-2025/38955/2 "2025-06-25T09:13:44Z")
Thank you for always posting this. Very insightful! 🫡 ---
**Author:** ![JemS3](https://avatars.discourse-cdn.com/v4/letter/j/db5fbb/32.png) [@JemS3](https://discuss.jup.ag/u/JemS3)\ **Post date:** [June 25, 2025, 11:14pm UTC](https://discuss.jup.ag/t/jupiter-weekly-report-june-24th-2025/38955/3 "2025-06-25T23:14:05Z")
> [@chaoslabs](#): > > ### 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. thanks! ..sharing this ✍ Good week!