The Jupiter DEX and aggregator, one of the most widely used routers on Solana, announced it would pause JUP voting until the end of 2025. The platform cited ‘community fatigue’ as the main reason to stop voting on issues.
Jupiter will pause voting using JUP tokens, citing community fatigue. No new proposals will be opened until the end of 2025. For Jupiter, voting was one of the main community activities and use cases for the native JUP token. The community had both high-profile votes like the Jupuary airdrop, and regular small-scale issues.
Jupiter team member @kashdhanda announced that the Jupiter DAO will pause voting to shift focus to development.
Pausing DAO Voting to Focus on Jupiter & Jupiverse@JupiterExchange stands at the edge of an inflection point. The window to define the future of DeFi is open, but it won’t stay open for long.
Right now, we have the best product suite (Jup dot ag), the best community…
— Kash (🐱, 🐐) (@kashdhanda) June 19, 2025
Jupiter is one of the busiest community projects, while also carrying a wide array of Web3 and DeFi products. The team believes Jupiter can focus on building and generating revenues, for now, leaving the work of the DAO on pause.
The Jupiter ecosystem contains multiple types of stakeholders, ranging from whales to retail users. Recently, the most significant growth came from the Jupiter DEX, which already holds over $2.27B in value locked.
Jupiter DEX already produces $1.6M in daily fees, with over $17M for the past month. The market’s activity has slowed down since March, due to competition from Raydium, PumpSwap, and other Solana DEXs, but showed signs of recovery in June. Currently, Jupiter DEX brings in over 18K daily traders, performing up to 80K swaps.
Most of the activity for the Jupiter aggregator comes from SolFi, OpenBook V2, Orca, and Meteora, with just 0.3% of traffic from Pump.fun. However, the past two months saw an outflow of both old and returning users, as the Jupiter aggregator lost up to 60% of its active wallets.
Jupiter DEX lost some of its market share to PumpSwap, through still remaining competitive with other Solana-based exchanges. | Source: Dune Analytics
Jupiter DEX currently carries around 7.8% of Solana DEX traffic, displaced by PumpSwap with over 65% of meme token volumes. The automatic shift of meme tokens to PumpSwap also meant a lower need for the aggregator, as the meme tokens were consolidated on a single market.
Jupiter will rebuild DAO governance in 2026
Governance for Jupiter DAO will return in 2026 with a new structure. Previously, votes on Jupuary airdrops have arrived with significant conflicts and market panic. The Jupuary event led to clashes of multiple holder classes, including new users and older whales.
The Jupiter platform will aim to bring a period of building and focusing on DeFi, while rebuilding the voting rules.
The freeze in voting will also mean no new JUP emissions for voting rewards and incentives. JUP only expects another big dilution event when 700M tokens will be airdropped in the second part of the Jupuary event.
The DAO Treasury, also known as the Litterbox Trust, will remain closed until 2027, while continuing to receive revenues from jupSOL staking. Active staking will remain and distribute 50M JUP for active staking, even with no voting issues. Workgroup budgets will also be closed, and no new JUP minting will be proposed.
The removal of voting incentives may also ease selling pressure on JUP. The native token traded near its yearly lows of $0.40.
Read the full article here
