Jupiter's founder, Meow, revealed plans for a massive $3 billion token burn, reducing the total supply of $JUP from 10 billion to 7 billion tokens, at its inaugural community conference, Catstanbul. This decision comes as part of a broader strategy to increase the value of $JUP and enhance its position in the market. 

Alongside the burn, Meow shared that 50% of the fees generated by the platform will be used to buy back $JUP tokens.

Meow emphasized that the value of a token is anchored in the community, not merely through buybacks. “Every coin is a memecoin,” Meow said, underscoring his belief in the importance of community alignment and long-term goals. 

These buybacks will reportedly help drive value for holders and demonstrate Jupiter's dedication to keeping the token in circulation. The remaining 50% of fees will be deployed for growth, future strategy, and ensuring operational stability.

Ultra Mode, Organic Scoring, and More

Jupiter isn’t just focused on tokenomics; the platform is undergoing a massive overhaul to improve user experience. Meow’s announcement also touched on new features that will soon be rolled out on both web and mobile platforms. These updates, including Ultra Mode, Organic Scoring, Jupiter Shield, and RTSE, aim to make the platform more user-friendly and cost-efficient.

The introduction of Ultra Mode is a step forward, offering real-time slippage estimation, optimized transaction landing, and dynamic priority fees. These features will make transactions faster and cheaper, benefiting both retail and institutional users. Meanwhile, Organic Scoring will provide more accurate and transparent ratings for tokens, which will be invaluable for traders looking to make informed decisions.

While these updates will initially be available on Jupiter's web platform, the team plans to implement them in the mobile version soon. These changes reflect Jupiter's broader vision of reinventing the decentralized exchange protocol with a focus on enhanced performance and usability.

Jupiter Expands with Acquisitions and New Partnerships

The platform recently acquired Sonar Watch, an on-chain portfolio tracker, and has integrated it into the Jupiter protocol. This acquisition enables Jupiter users to track their Solana portfolios directly through the platform. This marks Jupiter’s second major acquisition in just a few days, following its purchase of a majority stake in Moonshot.

In addition to its acquisitions, Jupiter is launching Jupnet, an omnichain network designed to aggregate all cryptocurrencies into a single decentralized ledger. Currently in the early testnet phase, Jupnet aims to provide users with a seamless experience, allowing them to access all chains and cryptocurrencies from a single account. This ambitious project could enhance Jupiter's position in the competitive decentralized finance (DeFi) space.