How to Track On-Chain Trading Volume and User Growth of Jupiter Aggregator
Tracking Jupiter's on-chain trading volume and user growth relies on two core sets of reference data: use DeFiLlama for trading volume trends, and reference official quarterly reports plus on-chain wallet statistics for user scale. In 2025, Jupiter's cumulative total trading volume crossed $1 trillion, with active wallet count rising 80% to 42.93 million, forming the fundamental base for its evolution from a simple DEX aggregator to a full-fledged "Solana Super App".
Below is a fully ready-to-use tracking method.
1. Track Core Trading Volume Data via DeFiLlama
What to do: DeFiLlama is the most straightforward tool to track Jupiter's trading volume, where you can view daily, weekly, monthly volume fluctuations and long-term cumulative scale.
How to operate:
Open the dedicated Jupiter Aggregator page on DeFiLlama, and check the following core metrics:
- 24-hour trading volume: ~$736 million
- 7-day trading volume: ~$7.906 billion
- 30-day trading volume: ~$31.671 billion
- Cumulative total trading volume: Has exceeded $1.16 trillion
There is another set of critical data: Jupiter holds ~93.6% of Solana's DEX aggregator market share, and processes over 74% of Solana's total weekly trading volume. On a specific day in July 2026, Jupiter hit a single-day trading volume of $1.981 billion, surpassing the sum of all other DEX aggregators across all blockchains, with its global cross-chain DEX aggregator market share hitting a new all-time high of 62.69%.
Completion standard: You can clearly state the current 24-hour trading volume of Jupiter, and confirm whether its cumulative total trading volume has exceeded $1 trillion.
Prerequisite: Access to the free public DeFiLlama website.
Common pitfalls: Only staring at single-day trading volume. Jupiter's trading volume is highly volatile, you need to focus on 7-day and 30-day trend lines instead of isolated single-day figures.
2. Track User Growth: Total Wallet Count and Active Addresses
What to do: Jupiter's user growth data mainly comes from official quarterly reports and public on-chain wallet statistics. You need to distinguish between total wallet count and active wallet count instead of mixing the two metrics.
How to operate:
Based on Jupiter's 2025 annual recap and 2026 Q3 public data:
| Metric | Data | Timeline |
|---|---|---|
| Total active wallets | 42.93 million | End of 2025 |
| Quarterly active wallets | 8.4 million | 2026 Q3 |
| Total supply of Jupiter Lend | $1.66 billion | End of 2025 |
| Monthly trading volume of Jupiter Mobile | ~$730 million | June 2026 |
Across the full 2025 calendar year, Jupiter's active wallet count grew by 80.3%. This proves users are not just conducting one-off "pass-through" trades, but are staying active within the Jupiter ecosystem. Meanwhile, Jupiter's global crypto card business saw a 660% month-over-month growth, reflecting accelerating penetration among retail users.
Completion standard: You can clearly state the current scale of Jupiter's active wallets, and the corresponding user growth rate.
Prerequisite: Follow Jupiter's official X (Twitter) account to get notified of quarterly report releases.
Common pitfalls: Mistaking total historical addresses for active users. Jupiter may have millions of accumulated inactive addresses, you should only count wallets that are actively conducting transactions.
3. Track Protocol Revenue: Verify If the Platform Is Sustainable or Burning Cash
What to do: Jupiter's revenue data can prove whether the platform's business model is sustainable. Sustained revenue growth also confirms that the observed trading volume growth is organic real demand, not generated from wash trading.
How to operate:
Key verified revenue metrics:
- 2025 Q3 revenue: $46 million
- Annualized protocol fees: ~$13.8 billion
- Perpetual contracts revenue contribution: $24.6 million in Q3 (accounting for 53% of total revenue)
- Spot trading volume: Hit $176.8 billion in Q3
In June 2026, Jupiter's protocol revenue rebounded sharply to a 3-month high, generating 261,909 SOL in user fees and 76,257 SOL in net protocol revenue, ending three consecutive months of weak performance.
Completion standard: You can clearly state Jupiter's approximate total revenue in the latest quarter, and the revenue share contributed by its perpetual contracts product.
Prerequisite: Check the Fees & Revenue section on DeFiLlama or the official quarterly reports.
Common pitfalls: Only tracking trading volume while ignoring revenue. Trading volume can be inflated to very high levels with near-zero fees, but Jupiter's growing revenue confirms the volume is driven by real organic user demand.
4. Watch Growth Signals From New Product Lines
What to do: Jupiter's 2025 new product portfolio including Lend, Perps, Prediction Market, Mobile and more is the key reference to judge its future long-term growth potential.
How to operate:
Key operational data of Jupiter's 2025 core new products:
| Product | Key Metrics |
|---|---|
| Jupiter Lend | $1.66 billion total supply, hit $1 billion in just 8 days, generated $7.85 million in interest income |
| Jupiter Perps | Annual trading volume exceeds $250 billion |
| Jupiter Studio | 41,200 tokens created on the platform |
| Jupiter Mobile | $730 million monthly trading volume |
| Jupiter DTF | $5.57 million raised in funding |
Sustained adoption growth of these new product lines will confirm that Jupiter is successfully transitioning from a pure "DEX aggregator" to the all-in-one "Solana Super App".
Completion standard: You can name the recent performance of at least two non-aggregator Jupiter products, such as the total supply of Jupiter Lend or the monthly trading volume of Jupiter Mobile.
Prerequisite: Follow Jupiter's official blog and quarterly recap announcements.
Common pitfalls: Only tracking swap trading volume while ignoring the growth of Perps and Lend. Perpetual contracts are already Jupiter's largest revenue source, missing their metrics means you overlook the core engine driving Jupiter's growth.
Next steps to take:
Spend 15 minutes today to complete two quick checks:
First, open the Jupiter Aggregator page on DeFiLlama, record the current 24-hour and 7-day trading volume, and compare them with the figures from the same period last week. If the 7-day volume is higher than last week, it means the growth trend is still ongoing.
Second, search for "Monthly Update" or "Jupiter Mobile" on Jupiter's official X account or blog, check the latest monthly trading volume data of its mobile app. This is the key signal to judge whether retail users are actually onboarding to the platform. If the monthly mobile trading volume stays above $700 million, it proves that not only institutional traders, but also ordinary retail users are actively participating in the ecosystem.
