Jupiter (JUP) Tokenomics, Unlock Schedule and Vesting Chart

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Jupiter (JUP) Token Unlock & Vesting Schedule

As of October 16, 2026, 6.1 billion of the 10 billion JUP (60.98%) have been released. No further releases are scheduled; the schedule was fully unlocked on February 25, 2026.

The chart shows gross modeled releases of every allocation: vesting unlocks, new issuance and reserve distributions, each allocation counted once. These have different meanings; a scheduled release is not evidence that tokens entered circulation or were sold. Review the coverage, sources and assumptions below.

Each color segment in the chart corresponds to a specific allocation group described in the Allocations section below. Underlying assumptions and data models used to reconstruct this schedule are explained in detail under Assumptions, while broader utility insights and token use cases are covered in Tokenomics & Utility.

Tokenomics & Utility

Supply and distribution

JUP began with an allocation plan built around an even split: half for community-related purposes and half managed by the team. A community-approved reduction cut the planned supply from 10 billion to 7 billion tokens, with cuts made to both sides. Jupiter has also used a portion of its onchain revenue to buy JUP through the Litterbox Trust, which holds tokens as a strategic reserve and has burned some of them. These decisions affect the supply plan, but they do not change JUP’s main role as a governance token. (discuss.jup.ag)

The distribution plan has continued to change through votes. In February 2026, a DAO decision postponed that year’s planned Jupuary distribution and paused releases from the team reserve. The tokens set aside for the postponed community distribution remained in a community-controlled wallet for a later decision. This is why the original allocation plan and the schedule for releasing tokens are best understood as separate parts of Jupiter’s economic model. (discuss.jup.ag)

Governance and staking

Staking JUP places tokens in a governance contract. Stakers can vote on DAO proposals and qualify for Active Staking Rewards, or ASR. Jupiter bases those rewards on the amount staked and how long it remains staked during a reward period. Unstaking involves a seven-day waiting period before the tokens can be claimed back to the wallet. (docs.jup.ag)

JUP holders do not receive a direct share of protocol fees. Jupiter instead directs half of its onchain revenue to the Litterbox Trust for JUP purchases; ASR is a separate reward program for eligible stakers. Jupiter publishes its governance, staking, and token records so community members can follow these decisions. (docs.jup.ag)

Assumptions

All 10 billion JUP were minted around the January 2024 launch, and 3 billion were burned in January 2025 (plus about 137 million more since), leaving roughly 6.86 billion. The remaining 7 billion budget is released by unlocking already-minted tokens: two Jupuary airdrops (1 billion in January 2024 and about 508 million in January 2025), a launch liquidity portion, team vesting (a cliff in February 2025, then monthly payments), and Mercurial stakeholder vesting. A February 2026 DAO vote postponed the next Jupuary airdrop (700 million), paused the rest of team vesting (about 428 million) and accelerated part of Mercurial vesting, so those amounts, the strategic reserve (about 1.33 billion), community reserves and remaining Jupuary tokens have no release dates. The chart shows the dated genesis mint, with airdrop claims, cliffs and vesting treated as parts of it rather than extra supply; the monthly team and Mercurial payment counts and the launch liquidity release are estimates based on remaining balances.

Jupuary Airdrops (community, annual): Releases depend on recipients claiming tokens or on grants being awarded.
Jupuary Airdrops (community, annual): Releases depend on future governance or treasury decisions.
Active Staking Rewards (ASR) distributions: The sources give the amount but no release dates.
Liquidity provision / launchpool / market-maker loans: The sources give the amount but no release dates.
Community reserves and community needs (DAO/grants): Releases depend on future governance or treasury decisions.
Current Team: The original schedule was changed and the new timing is not yet published.
Mercurial Stakeholders: The original schedule was changed and the new timing is not yet published.
Strategic Reserve (future team, strategic investors): The sources give the amount but no release dates.

Sources (11)

Max Supply 10.00B

Unlocked Supply 6.10B

Unlock Progress 60.98%

Genesis Date January 2024

Fully Unlocked Feb 25, 2026

Allocations 8

Marketcap Rank (#) 76

Price ($) 0.300 -18.88% (7d)

24h Volume ($) 2.7M -68.73% (7d)

Marketcap ($) 1B

Fully Diluted Value ($) 3B

Circulating Supply 33% MEDIUM

Perpetuals: 4 markets on Binance, OKX, Hyperliquid and Lighter · $31.7M open interest

Spot

Perp


JUP/USDT	5.7M	96K/128K
JUP/USDT	2.4M	69K/69K
JUP/USDT	2.2M	501/772
JUP/USDT	2.1M	53K/95K
JUP/USD	1.9M	265K/292K
JUP/USDT	1.3M	56K/55K
JUP/USDC	1.2M	56K/66K
JUP/USD	794K	139K/132K
JUP/USDT	691K	22K/30K
JUP/USDT	680K	159K/137K
JUP/EUR	444K	136K/138K
JUP/TRY	348K	13K/19K
JUP/USDT	335K	79K/83K
JUP/USDC	222K	11K/18K
JUP/USDC	99K	49K/51K
JUP/USDC	55K	65K/70K
JUP/PYTH	51K	1.3K/1.3K
JUP/	49K	4.6K/4.6K
JUP/EUR	36K	44K/44K
JUP/RAY	28K	385/384
JUP/USDC	11K	1.7K/5K
JUP/TRY	11K	38K/37K
JUP/USDC	10K	1.6K/4.2K
JUP/FDUSD	8.2K	3.7K/2.1K

Allocations

Genesis Mint (all 10B JUP) TBD

10,000,000,000 tokens · 6 parts

Parts of this allocation with their own release dates are charted as their own allocations; the chart shows the rest here.

Not yet scheduled: 3,902,112,228.44 tokens of its parts have no release date yet. The chart shows them as TBD from today, not as unlocked.

Cliff: January 2024 — 100.00% of allocation · 10,000,000,000 tokens

Sources: JUP: The Genesis PostJUP Tokenomics

Last Updated: 2026-09-29 20:50:02 UTC

Description

#76

Jupiter is a liquidity aggregator on the Solana blockchain, designed to optimize and facilitate token swaps by finding the best routes and prices across various decentralized exchanges within the Solana ecosystem. Its platform enhances trading efficiency and reduces costs for users by aggregating liquidity from multiple sources.

Sector:	DEX
Blockchain:	Solana

2024