In the midst of a bloody start to the week at crypto markets that saw liquidations near monthly heights, as various large tokens fell by double-digit percentages, the native token of Solana-based DEX aggregator Jupiter defied over a new repurchase plan.

Data from TradingView shows that Jup has risen more than 34% against Bitcoin over the past week despite having seen a 11% decrease over the last 24 hours compared to BTC’s fall of almost 4%.

Jup’s outperformance is a result of a series of messages made during its first event, Catstanbul 2025, addressing auxiliary problems. The protocol’s pseudonymous founder, known as ‘Meow’, revealed that 50% of all protocol fees are set to be used to buy tokens from the open market where tokens were moved to a “long -term litter box” reserving.

The move led to a price increase that demonstrated a “high level of investor for trust in the project and its strategy”, according to Bitget Research’s chief analyst, Ryan Lee. He said increased awareness of the platform could attract new users and liquidity to the Solana ecosystem in the long run.

In a statement to Coindesk, Lee noted that the repurchase program could “act as a catalyst for long -term growth as the team estimates that it could add hundreds of millions of dollars to repurchase volume a year.”

Jupiter is Solana’s leading DEX unit, which has relieved nearly $ 2.2 trillion in the total volume over 1.25 billion token -swaps, according to Data from Dune Analytics. Over the past 24 hours, its trading volume was $ 6.5 billion over $ 6.9 million swaps.

‘Monopolistic behavior’

The message may have helped Jup’s price increase, but it raised some concerns from society.

Chris Chung, founder of Solana Swap Platform Titan, wrote in an E -Mail statement to Coindesk that “The News this weekend, like Jupiter -Solana’s most used DEX -implements a 5bps fee for basic swap trader in its standard ‘Ultra’ mode is disappointing news for dealers.

Jupiter’s Ultra Mode is set to include features such as real -time slip destimization, dynamic priority fees and optimized transaction landing, all strengthened by a new “Jupiter Shield” security tool. The success of the protocol, Bitget Research’s Lee said to Coindesk, “can come up with the risk of centralization.”

“If Jupiter continues to increase his influence and become the dominant player in the Solana ecosystem, it can lead to over-dependence of a single project,” Lee said, adding that “the situation is contrary to the principles of blockchain aimed at decentralization and distribution of influence. “

Chung added that Solanas “The entire value proposition is lower costs and higher everywhere, and an increase of 5-10bps in trading costs is significant in this context. But it is especially disappointing when a paid model is implemented when there is no perceptional performance gain over the previous free version, especially when the features in question are important in landing transactions. “

Jupiter also announced that it was acquiring a majority share in Moonshot, Memecoin Trading Platform, which was shown on the site of US President Donald Trump’s Memecoin and allegedly “brought 200k+ new people onchain” as a result.

The protocol has also acquired on-chain portfolio Tracker Sonarwatch, combined with the Moonshot acquisitions for Chung, that Jupiter is “clearly looking to dominate the entire Solana ecosystem” in a move that is both “unhealthy and shit for innovation and for the user experience.

To Titan’s founder, Jupiter’s movements are “monopolistic behavior”, which allows established companies to “raise prices further and further in the absence of competition”, the type of behavior that decentralized funding was intended to eradicate.

When he appears in these concerns, Jupiter also announced the launch of Jupnet, described as an omnichain network designed “to collect the whole crypto in a single decentral headbok for maximum usability for users and developers.” Its public beta is coming in the next few months.

Although the DEX unit’s dominance may have caused concern about the potential concentration of power in the hands of a single player, it could have a silver lining. Jupiter’s focus on the Solana ecosystem could lead to a new wave of developers engaging in it and creating new, unique products, Bitget’s Lee added.

Mike Cahill, co-founder and CEO of Pyth Network’s core contributor Douro Labs, pointed to Jupiter’s movements as a “clear commitment to expanding the defic infrastructure and improving liquidity dynamics.” The innovation method, he added, could “push a new influx of builders into the Solana ecosystem, which means we will see a lot of new Memecoins and a lot of new DAPPS as a result.”

Jupiter did not respond to Coindesk’s request for comment at the time of the press.