On March 2025, Jupiter, a leading decentralized exchange (DEX) aggregator on Solana, announced a suspension of all community voting and a freeze on its governance Treasury until 2027. This decision aims to address community burnout and refocus efforts on product development. The governance pause temporarily disables the primary utility of Jupiter's native token, JUP.
Voting activities will remain on hold until at least the end of 2025. As of March 2025, Jupiter's DEX handles upwards of 80,000 token swaps daily, serving over 18,000 active traders, with over $2.8 billion in total value locked (TVL). In January 2025, the platform burned 3 billion JUP tokens, reducing the total supply by approximately 30%.
Jupiter has committed to using 50% of its protocol fee revenue to repurchase JUP tokens. The platform plans to introduce a redesigned governance structure in 2026. The Treasury is expected to reopen fully in 2027, coinciding with the completion of the proposed governance reforms.