# Jupiter Weekly Report | September 8, 2025

**URL:** <https://discuss.jup.ag/t/jupiter-weekly-report-september-8-2025/39470>\
**Category:** Risk\
**Tags:** chaos-labs\
**Created:** [September 9, 2025, 10:52am UTC](https://discuss.jup.ag/t/jupiter-weekly-report-september-8-2025/39470 "2025-09-09T10:52:29Z")\
**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:** [September 9, 2025, 10:52am UTC](https://discuss.jup.ag/t/jupiter-weekly-report-september-8-2025/39470/1 "2025-09-09T10:52:30Z")

</div>

## Summary

- Over the past week, the protocol’s volume decreased by 24.90%, averaging $565.1M per day, compared to $752.4M on average in the three weeks prior.

- In the same span, SOL’s price increased by 5.33%, ETH’s price increased by 0.36%, and BTC’s price increased by 2.12%. JLP increased by 3.35% vs. the JLP basket’s 0.00% decrease, representing an outperformance of 3.35% for LPs relative to the JLP pool’s underlying assets.

- Jupiter traders’ aggregate realized PnL increased by $5.3M in gross terms and decreased by $645.0K in net terms due to their long-favored exposure. Traders’ cumulative unrealized PnLs, meanwhile, increased by $3.2M this week.

## Protocol level

### JLP pool

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/e/ee2a8cc2644488da275be38778219ae07577ee16.png)

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

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/95a58a79c2695026c7ebd7ad1764202996c3d81a.png)

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

### JLP Market Comparison

JLP’s market price increased by 3.35% over the last week. In the same period, BTC increased by 2.12%, ETH increased by 0.36%, and SOL increased by 5.33%.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/a/a6cbe468776b2e46dfc0cddfc8c8f8e518ac2ff6.png)

Given the JLP pool’s weights:

- SOL - 47.2%

- WBTC - 12.3%

- WETH - 8.5%

- USDC - 32%

- USDT - 0%

JLP’s basket price decreased by 0.00%, reflecting an outperformance of 3.35% for LPs due to the long-skewed imbalance of open interest.

### Volume

Volume decreased by 24.90% on Jupiter in the past week compared to previous weeks, averaging $565.1M per day, compared to $752.4M on average in the three weeks prior. BTC’s average daily volume decreased by 21.04% over the last week compared to the three weeks prior.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/5182dd2520623bcca983467b6b0ff1684435cf08.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/3/368d6a477f3869f4ea1c713077ad28b176f557d9.png)

SOL continues to be the most dominant market on Jupiter, consisting of 71.66% 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 $5.3M in gross terms and decreased by $645.0K after accounting for fees. Traders’ cumulative unrealized PnLs, meanwhile, increased by $3.2M this week.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/7/750f7197a87b942e3e2d6c33dcb5c8ca59c16bb7.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/9/9ac546753e91b9cfa7c29fa9f678061367c15ac5.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/0/097b9df946182fddcb4138769b423a18eecb7935.png)

### Fees

Over the past week, Jupiter’s cumulative fees were ~$4.5M, with a daily average of $643.0K, a decrease of 34.48% from $981.4K the previous three weeks.

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/c/cec21de7846c03f4a876d08e698392edf9dcf50a.png)

 ![](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/f/feb69b0aab5f5eec8617ea1bdd4a035ad9f8ebf0.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/c/c7327788f425a2c9bada9cef04d7afcf1d3b6f53.png)

BTC:

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/b/b09580e6cba3f12b75c42c607a55ff6bcbcb8f00.png)

ETH:

 ![image](https://canada1.discourse-cdn.com/flex003/uploads/jupresear/original/2X/5/5c6e18fa76435030963a6441edd47d9b622c2115.png)