Last year’s Jupuary laid the foundation for the JUP DAO, with 1 billion tokens airdropped to 955,000 wallets. However, the Jupiter ecosystem has since grown exponentially:
- We’ve expanded from a single product (Swap) to a full portfolio of industry-leading tools.
- Our user base has grown more than 10x, and total volume has increased more than 50x.
To adapt, this year’s Jupuary introduces qualifying thresholds, stronger anti-sybil measures, and Swap Scores to ensure meaningful rewards for active participants.
The Big Changes:
- Not everyone will receive an airdrop this year.
- Airdrop sizes will be smaller for many qualified wallets.
- The ~2 million wallets receiving the airdrop will include real cats users likely to contribute to the DAO and accelerate its growth.
This will be the largest qualified user airdrop in history.
Jupuary 2025: High-Level Structure
This year’s airdrop is divided into three main categories:
1. Users
Our core community of users fuels the Jupiverse. They’ve experienced the value of Jupiter products and are the foundation of Jupuary. Users will receive the majority of the airdrop: 440m JUP out of 700m.
2. Stakers
Long-term supporters who form the heart of the Jupiverse. Stakers will receive 60m JUP, recognizing their contributions to governance and alignment with the DAO’s mission.
3. Carrots
Based on community feedback, we’re reserving 200m JUP to incentivize staking, attract new users, and fuel future growth campaigns. These tokens will be allocated throughout the year.
Let’s break it down further.
1. Users: Swap Users & Expert Traders
The Users category is split into two sub-groups:
- Swap Users who interact with Jupiter Swaps via Jup.ag or API integrations.
Expert Traders who use advanced Jupiter tools like Perps, Limit Orders, DCA, VA, and Ape.
Swap Users
This year, we’ve introduced tiers to account for power laws in trading volume. Here’s why:
A linear distribution would heavily favor a small group, so tiers ensure we reward a broader base.
Anti-Sybil Measures
We’ve also implemented robust anti-sybil protections, removing 750,000+ wallets that:
Traded for less than 3 weeks.
Had a 50%+ transaction failure rate (bots!).
Exclusively conducted rapid, circular trades.
If you’re a real user mistakenly flagged, you’ll have 3 months to appeal and claim your allocation.
Swap Score
To further refine rewards, we’ve introduced a Swap Score. Key considerations:
Only transactions above $5 are counted.
Sol-to-sol and stablecoin-to-stablecoin swaps are heavily discounted.
All other trades are fully counted.
The result? A fair, data-driven system that rewards real cats.
Bonus: Consistent Swappers who traded in at least 8 months of the year will receive an additional 25–500 JUP, based on their tier.