Jupiter Markets Update: 7-Day Insights
Summary
Gauntlet is regularly posting rolling seven-day market updates to notify the Jupiter community about:
- Trader PnLs - signaling the health of the ecosystem and market dynamics;
- Market competitiveness with Binance (leading CEX) - indicating Jupiter’s position against the most liquid venue for trading perpetuals;
- JLP price and Sharpe ratio vs JLP index - demonstrating JLP’s attractiveness compared to a weighted asset index.
These seven-day market updates aim to inform the Jupiter community about the health of the perpetual ecosystem through metrics not currently tracked on our live dashboard (Risk Dashboard). This complementary information provides a more comprehensive view of Jupiter’s market performance and ecosystem dynamics.
Analysis
SOL
BTC
ETH
JLP vs Index
Closing Thoughts
In the past seven days, SOL traders profited $425k in net PnL; however, their win rate declined to 45.9%. BTC traders earned around $75k net PnL, while ETH traders lost $245k in total. JLP underperformed the index, primarily due to inherent movements in SOL, BTC, and ETH; however, risk-adjusted returns are still higher.
If you have any questions about our current methodology, please contact @riskringer on Telegram or Twitter.
To view our live dashboard with other important metrics, follow this link .