Jupiter Exchange has emerged as a leading player in the DeFi space, securing the second-highest daily fee earnings after Tether, with $10.88 million in fees. It outperformed major platforms like Uniswap, PancakeSwap, and Hyperliquid. Over a 24-hour period, Jupiter generated $2.73 million in revenue, surpassing Solana-based Pump.fun. Despite Tether's dominance with $18.19 million in revenue, Jupiter's performance is notable, especially amid challenges in Solana's DeFi sector, including leadership changes at Meteora and the LIBRA meme coin controversy. Jupiter's JUP token also showed strong market performance, gaining 9.5% in value over 24 hours, making it one of the top performers in the DeFi category.

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Jupiter Exchange has surpassed major decentralized finance (DeFi) players, securing the second-highest daily fee ranking after stablecoin issuer Tether.Additionally, the decentralized exchange (DEX) generated $2.73 million in revenue over a 24-hour period, going above fellow Solana stalwart Pump.fun.<h2>Jupiter Usurps Pump.fun</h2>According to data from DefiLlama, the exchange has earned $10.88 million in fees since yesterday, about $7.3 million less than the amount Tether raked in.However, Jupiter performed markedly better than Uniswap, PancakeSwap, sister platform Meteora, and Hyperliquid, a rising star in the perpetual futures trading space. Apart from Uniswap, none of these competing protocols earned more than $5 million in fees in the last 24 hours.In terms of revenue in the same period, Tether is heads and shoulders above everyone, with its $18.19 million being three times more than its closest competitor, Circle. Hyperliquid was third, bringing in $3.53 million, while Jupiter went above Pump.fun with a 24-hour revenue of $2.42 million.Over seven days, the DEX’s fee earnings stand at $23.31 million, only bettered by Tether’s $127.26 million, Circle’s $41.54 million, and PancakeSwap’s $36.15 million. Other Solana-based platforms in the top ten include Meteora, Jito, and Pump.fun, which respectively received $19.52 million, $15.69 million, and $14.55 million in the last week.Jupiter’s improving fortunes have come in the wake of turbulence in Solana’s DeFi space.&nbsp;Last week, Meteora, co-founded by Jupiter’s pseudonymous lead, Meow, faced leadership upheavals after its other co-founder, Ben Chow,&nbsp;resigned over allegations of financial misconduct.Additionally, the controversy surrounding the LIBRA meme coin, which soared and then crashed after a high-profile endorsement from Argentine President Javier Milei, has also shaken confidence in some DeFi platforms.<h2>JUP Market Performance</h2>Data from CoinGecko shows the decentralized finance category is up by a slight 0.6% since yesterday, with its collective market cap at $102 billion.Jupiter’s JUP token is among the better-performing cryptocurrencies in the sector, gaining 9.5% on its price over the previous 24 hours. Among the segment’s top ten assets by market cap, it was only bettered by Maker (MKR), up 21.4%, and Hyperliquid’s HYPE, which registered an 11.9% uptick.Across seven days, JUP also suffered the least loss among DeFi heavyweights, dropping just 1.0% of its value. The biggest large-cap losers were Aave (AAVE), down 17.8%, Chainlink (LINK), which shed more than 14% of its value, and Uniswap’s UNI token, which declined by 13.8%.

Jupiter Exchange Surpasses Major DeFi Platforms in Daily Fee Earnings