The Jupiter (JUP) token climbed 8% in the past day, trading between $0.19 and $0.21, as the decentralized exchange aggregator unveiled a major upgrade to its trading engine. The protocol's total value locked (TVL) also swelled to $2.94 billion, up from $2.30 billion at the start of May.
What Metis V8 brings
Jupiter launched Metis V8, an update to its routing engine designed to cut execution drift and improve trade certainty. The new version introduces slippage penalties, just-in-time (JIT) on-chain finalization, sub-2 slot latency, and a rapid quotation mode. Over its lifetime, Metis has processed more than $2 trillion in trading volume, according to the protocol.
The upgrade targets a persistent problem in decentralized finance: orders that slip between submission and confirmation, costing users money. By penalizing slippage and finalizing trades faster, Jupiter aims to give traders a closer match between quoted and executed prices.
TVL surge and contributing tokens
The protocol's TVL jumped nearly 28% from the $2.30 billion mark on May 1 to $2.94 billion now. The largest tokens parked in Jupiter's liquidity pools are SOL, USDE, USDG, and WBTC. The increase suggests users are locking more capital into the platform, possibly attracted by the new engine or broader market conditions.
Jupiter's market capitalization reached $700 million, and daily trading volume for JUP rose 37% to over $26 million. The daily relative strength index (RSI) sits at 52 and is trending upward, indicating mild bullish momentum but not yet overbought territory.
No word on next rollout
Jupiter hasn't announced a timeline for further updates or whether Metis V8 will be extended to additional chains. For now, traders are watching whether the volume and TVL gains hold as the upgrade beds in.
