Solana’s Jupiter Expands Beyond Trading With Token Baskets, Yield Vaults and New Portfolio

Jupiter, the largest trading platform on Solana, is rolling out four new products this week as it aims to expand from a place to trade tokens into an all-in-one home for onchain assets.

The company announced a new mission on Tuesday, “to make the world’s assets universally accessible and useful,” alongside the releases, which cover discovering, owning, earning on and managing assets.

Jupiter built its business by aggregating liquidity from across Solana so that each trade gets the best available price. It says that approach has processed more than $1.3 trillion in cumulative aggregator volume, and that its wider ecosystem now holds about $1.7 billion in total value locked, according to DeFiLlama data from early November. Its lending market has passed $1 billion in active loans, the company said.

“What Google did for information, Jupiter is doing for assets,” said Kash Dhanda, Jupiter’s chief operating officer. “We started with the trade because it was the hardest problem on Solana, and aggregation solved it. That taught us something: aggregation doesn’t just work for trading, it works for everything.”

Dhanda has framed the goal in even bigger terms. “I’m a big believer that the era of do-it-yourself DeFi is over,” he said in a livestreamed interview with Incrypted on October 29, recalling having “12 tabs open and a spreadsheet” to manage positions across different venues. He said he hopes Jupiter “in five years’ time will be the only money app that you need to use.”

Four releases

Baskets let users buy a bundle of tokens with a single SOL or USDC deposit instead of making a separate swap for each one. Baskets can follow market-cap weights or fixed targets and rebalance automatically, with every deposit, rebalance and exit routed through Jupiter for the best available price.

Jupiter Vaults is a new hub for yield strategies, from stablecoin lending to strategies backed by real-world assets, managed by independent curators rather than Jupiter itself. Users can review each strategy’s risk profile, allocation and historical returns before depositing. Vaults opens on November 11 as a private beta for more than 19,000 people on its waitlist and eligible holders of staked JUP.

In the October interview, Dhanda said Jupiter’s yield products are audited multiple times before reaching users. Asked what would happen if a product were exploited, he said that “especially if it’s our fault, we’d like to work with users to find a good solution,” and that Jupiter is exploring ways to insure such products onchain.

Portfolio V3, live now, turns Jupiter’s portfolio page into a place to act on positions, with quick actions to trade, open perpetual futures, make predictions or lend, and alerts for positions near liquidation. It also adds cross-chain transfers that combine several bridges.

Pulse and rebuilt token pages are meant to make Jupiter a place to research assets as well as trade them, showing market data for tokenized stocks and ETFs, tokenomics for DeFi projects, and a sidebar for comparing tokens. Dhanda has argued that putting assets onchain is only half the job. “People talk about tokenization as if it is the end game, when in reality, it is just the first step of the game,” he said in October.

The releases will roll out over the coming days, with Jupiter sharing details of each one before Solana Breakpoint, the network’s annual conference, which starts on November 15.

All Vaults strategies carry risk, including the possible loss of funds, and some may not be available in all regions, including the United States, Jupiter said.

Solana’s busy run-up to Breakpoint

Jupiter’s launches come amid a flurry of activity across the Solana ecosystem ahead of the conference. Last week, Solana Labs’ new company Leap launched a beta mobile app for trading tokenized stocks, ETFs, metals, currencies and crypto in one place.

The network has also been courting institutions. Last month, the Solana Foundation unveiled an open standard for institutional settlement developed with input from J.P. Morgan, while Polygon Labs extended its Open Money Stack, a suite of stablecoin payment tools linking bank accounts, wallets and payouts, to Solana.

Under the hood, Solana completed its biggest consensus upgrade since its 2020 launch in October, when Alpenglow went live and cut the time for a transaction to become irreversible from about 12.8 seconds to roughly 150 milliseconds. Solana treasury firm DeFi Development Corp has also added $3 million worth of SOL to its holdings.