DEX聚合器Jupiter启动了首个JUP代币回购程序，回购了488万个令牌

木星是Solana区块链上领先的分散交易所（DEX）聚合器，已正式推出了JUP代币的首次回购。

Jupiter, a leading decentralized exchange (DEX) aggregator on the Solana blockchain, has officially launched its first buyback of JUP tokens.

木星是Solana区块链上领先的分散交易所（DEX）聚合器，已正式推出了JUP代币的首次回购。

On February 26, 2025, on-chain data revealed that Jupiter repurchased 4.88 million JUP tokens, valued at $3.33 million.

2025年2月26日，链链数据显示，木星回购了488万个JUP令牌，价值333万美元。

Jupiter (@JupiterExchange) has begun its first buyback of $JUP.

木星（@jupiterexchange）已开始首次回购$ jup。

Over the past 17 hours, it has repurchased 4,885,370 JUP tokens at an average price of $0.683 for a total of $3.33 million. All buyback transactions are being executed on-chain by Jupiter: Litterbox and the buyback is still ongoing.

在过去的17个小时中，它以平均0.683美元的价格回购了4,885,370个JUP令牌，总计333万美元。所有回购交易均由木星在链上执行：垃圾箱和回购仍在进行中。

Buyback address: https://t.co/lKWOX27pQa

回购地址：https：//t.co/lkwox27pqa

More: https://t.co/1nfZ1slLsP pic.twitter.com/xkoElpjIfR

更多：https：//t.co/1nfz1sllsp pic.twitter.com/xkoelpjifr

— Ai 姨 (ai_9684xtpa) February 26, 2025

- AI U（AI_9684XTPA）2025年2月26日

This marks the initial phase of a broader initiative announced on February 13, 2025. The goal is to decrease the circulating supply of JUP tokens and create consistent buying pressure in the market.

这标志着2025年2月13日宣布的更广泛倡议的初始阶段。目标是减少JUP令牌的循环供应，并在市场上造成一致的购买压力。

50% of fees collected by Jupiter to be used for the buyback

木星收取的50％用于回购的费用

The buyback program allocates 50% of Jupiter’s protocol fees toward repurchasing JUP tokens. The repurchased tokens are then locked for three years, leading to a sustained reduction in supply. This move is designed to lower the number of tokens in circulation, potentially increasing demand and preventing JUP from becoming a “value trap.”

回购计划将木星的50％的协议费用分配给回​​购JUP令牌。然后，回购的令牌被锁定了三年，从而持续减少供应。此举旨在降低流通中的代币数量，可能增加需求并防止JUP成为“价值陷阱”。

The cryptocurrency community has welcomed this initiative, viewing it as a net positive for JUP’s long-term prospects.

加密货币社区欢迎这项倡议，将其视为JUP长期前景的净净值。

Notably, the buyback initiative follows a year of impressive revenue growth for Jupiter, driven by its dominance in Solana’s decentralized trading ecosystem.

值得注意的是，回购计划是木星在索拉纳（Solana）分散的交易生态系统中的主导地位的驱动的一年令人印象深刻的收入增长。

As the top DEX aggregator on Solana, Jupiter facilitates trades across multiple DEXs like Raydium and Orca, ensuring traders receive optimal exchange rates. Additionally, Jupiter’s Jupiter Perps trading platform, which commands over 80% of Solana’s perpetual decentralized exchange market, has been a key revenue driver.

作为Solana的最高DEX聚合器，Jupiter促进了Raydium and Orca等多个DEX的交易，以确保交易者获得最佳汇率。此外，木星的木星PERPS交易平台占了Solana永久分散交易市场的80％以上，一直是关键的收入推动力。

In 2024, the platform's revenue grew from $3 million in January to $21 million in December. About 40% of its annual revenue—$35.86 million—came from high-volume trading periods, including the surge in TRUMP memecoin activity.

2024年，该平台的收入从1月的300万美元增长到12月的2100万美元。大量交易期的年收入中，约有40％的年收入（358.6万美元），包括特朗普纪念活动的激增。

DeFi protocols increasingly adopting token value-accrual mechanisms

DEFI协议越来越多地采用令牌值机制

Jupiter's buyback program aligns with a broader trend in the decentralized finance (DeFi) space, where protocols are adopting token value-accrual mechanisms to strengthen their ecosystems.

木星的回购计划与分散融资（DEFI）领域的更广泛趋势保持一致，该方案采用令牌值机制来增强其生态系统。

Platforms like Aave and Ethena have implemented similar strategies, using protocol revenues to buy back and burn tokens or distribute value to tokenholders.

诸如AAVE和Ethena之类的平台已经实施了类似的策略，使用协议收入来回购和燃烧令牌或向代币持有人分配价值。

While the long-term effects of Jupiter's initiative remain to be seen, it reflects an industry-wide shift toward prioritizing token utility and stability, ensuring that the interests of token holders and platform growth are closely aligned.

尽管木星倡议的长期影响仍然有待观察，但它反映了整个行业范围的转变，朝优先考虑令牌效用和稳定性，以确保令牌持有人的利益和平台增长的利益密切相符。