Jupiter (JUP)

The analysis of DeFi aggregators as neutral infrastructure is actually wrong. Aggregators are not infrastructure. They are distribution layers. Their yield does not come from interest, leverage, or risk premia. It comes from flow capture. Once users stop choosing routes and start defaulting to one path, the default becomes the business. ➜ Why Default Paths Create Value The common assumption is: Aggregators don’t create yield. They just route trades. That assumption breaks the moment routing becomes persistent. When a protocol becomes the default execution path: - it sees flow first - it decides where that flow goes - and it quietly taxes that flow over and over This isn’t DeFi yield in the traditional sense. It’s positional yield. ➜ How Aggregators Actually Compete The useful way to compare aggregators is not features or UI. It’s distribution control. Ask three questions: 1. Is the protocol a default path or an optional tool? 2. Does it monetize volume, intent, or execution quality? 3. Is its flow chain-native or cross-ecosystem? Once you frame it that way, the differences become obvious. 1️⃣ @JupiterExchange Jupiter’s edge isn’t routing sophistication. It’s being unavoidable on Solana. Jupiter sits at the center of Solana order flow. Retail trades, bots, and programs route through it by default. Recent snapshot ranges show the result: - $11.6M in 7D fees - $2.6M in 7D protocol revenue - consistently at the top of Solana fee leaderboards Users don’t actively choose Jupiter. They arrive there. That makes its yield structural, not cyclical. 2️⃣ @1inch 1inch competes on route quality, not default capture. It wins when users actively want the best path across chains. That gives it: - broad scope - sophisticated routing - but less guaranteed flow Fees and revenue fluctuate with activity because yield depends on user choice, not inevitability. This makes 1inch powerful, but conditional. 3️⃣ @CoWSwap CoW Swap doesn’t monetize speed or volume. It monetizes execution quality. Batch auctions and solver competition reduce MEV and improve outcomes for specific users. The result: - lower absolute volume - higher value per transaction - a defensible niche tied to intent, not throughput CoW’s yield comes from users caring how a trade clears, not how fast. ➜ What the Numbers Actually Show Across aggregators, the pattern is consistent: - Defaults (@JupiterExchange) → stable fees, persistent revenue - Optimizers (@1inch) → bursty fees, choice-dependent yield - Intent layers (@CoWSwap) → lower volume, higher execution value Yield does not come from liquidity provision. It comes from routing authority. ➜ The Quiet Power Shift in DeFi As DeFi matures: - liquidity fragments - execution gets abstracted - interfaces consolidate In that environment, distribution beats product. Protocols that sit upstream decide: - which venues get volume - which LPs get filled - which chains see activity That power compounds quietly. ➜ The Core Insight Aggregator yield is not financial engineering. It’s infrastructure rent. Protocols like Jupiter get paid because they are where trades happen by default, not because they offer the best marginal rate. That kind of yield is: - low drama - highly scalable - and extremely hard to displace once entrenched This isn’t DeFi yield as most people think about it. It’s what happens when distribution solidifies.

Hey, I just came across this list somewhere on my TL. I don’t really have any opinions about Tier S. Those are all projects with the highest expectations right now. In Tier A, I see Katana being included, but there are still a few missing names. I think Wallchain, BackPack, and Jupiter should be in Tier A, and Zama as well. Just look at how hot that project is. Miden, Inference Labs, and PiP World would probably fit better in Tier B. Are there any other projects missing from this list? Feel free to add them, everyone.

all time highs for @jup_lend across the board: - total supply - total earn vault deposits - total borrowed - active users (!!) bear markets are for generating yield, my friends

$JUP breaking its descending trendline (Daily) As long as price holds above ~$0.21, the next key resistance sits around $0.27-$0.28 📈 https://t.co/CWXlkg4EVA