Jupiter announces a new decentralized lending platform on the Solana network.. and its JUP token rises by 14%

Jupiter, the platform specializing in aggregating decentralized trades on the Solana network, has announced plans to launch a new decentralized lending platform called “Jupiter Lend” during the summer of 2025, in a move aimed at expanding its services within the decentralized finance (DeFi) ecosystem.

According to the official announcement dated May 23, Jupiter Lend will offer a loan-to-value (LTV) ratio of up to 90%, which is higher than the average market rate, typically around 75%. The platform will also feature low usage fees that may reach just 0.1%.

Jupiter Lend is being developed in partnership with Fluid, a leading provider of liquidity infrastructure, which will provide the core liquidity layer for the platform. Jupiter Lend is set to launch with two main protocols: a lending protocol that allows for instant deposits, and a vault protocol that offers loans at competitive interest rates.

Jupiter aims to make its platform fully integrable, allowing other developers to build on it and expand its use. The platform has already begun accepting early registration applications, while the official launch date has not yet been determined.

On the market side, the value of the platform's digital currency JUP rose by 14% within 24 hours of the project announcement, reaching $0.60. This jump represents a breakout of a local resistance level.