Jupiter Surges 15% as Tokenized Stocks Boom on Solana

Jupiter's price has surged by 15% in recent days, reaching a 10-month high of $0.31.

This price increase is largely due to the growing demand for tokenized stocks on the Solana ecosystem, with Jupiter commanding over 18% of the equities volume and 28% of deposits in lending protocols.

The altcoin's market cap has also surpassed $1 billion, a clear sign of steady capital flow. This uptick in price is consistent with previous trends, where an increase in protocol inflows has led to a rise in Jupiter's price.

According to Defillama data, transactions on the Jupiter protocol reached a record high of 620.2k, indicating high market activity and demand from buyers. This bullish momentum is further supported by the altcoin's MACD indicator, which has formed a bullish crossover.