Time for Seriousness: Will the Team Listen to the Community?

Proposals
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Bear markets hit hard—users, speculators, and now even protocol revenues. As seen in the chart below, Jupiter’s daily fee income, which was around $500,000 when buybacks began, has now dropped to $200,000. If the market continues its downtrend, we may see this number fall even further.

Unfortunately, this level of income is no longer sufficient to combat the inflation Jupiter is facing in 2025. ASR rewards are being burned through in a single day, rendering them ineffective. This leads us to a crucial point: we can no longer afford to keep funding Group X-type initiatives—we must begin addressing critical protocol-level issues.

Today, I will focus on one of the most pressing: Jupiter’s declining fee revenues.

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1. Revenue Sources: Perps and Ultra Mode

As most of you know, Jupiter currently generates the majority of its income through perpetual contracts (perps) and Ultra Mode fees. However, Ultra Mode’s revenue remains very limited, mainly due to the continued availability of the manual mode, which allows users to bypass fees entirely.

Major DEXs like Uniswap and Sushiswap have normalized a 0.25% fee structure, recognizing that such fees are necessary to sustain operational costs. Yet Jupiter still offers a free alternative, which—while user-friendly—is economically unsustainable in the long run.

We may need to consider removing the manual mode entirely or at least severely limiting it. Even if we do, Jupiter will still maintain lower fees than nearly all competitors, preserving its advantage while improving sustainability.

2. Free Swap API Usage: A Structural Exploit

The second—and perhaps more severe—issue with Ultra Mode involves free Swap API access.

Currently, roughly 60% of Jupiter’s total volume comes from arbitrage bots. These bots use the Swap API to execute millions of dollars in trades without paying a single cent in fees. And what does Jupiter gain from this? Absolutely nothing.

This isn’t just a financial concern. These bots also degrade the user experience—clogging the system, inflating gas usage, and crowding out real users. For years, they’ve exploited the protocol like parasites, profiting while contributing nothing back.

It’s time for that to stop.

Swap API access should no longer be free. Like Ultra Mode, it should include a reasonable fee structure, both to ensure fairness and to align incentives with the long-term health of the protocol.

3. Time for Seriousness

JUP price is struggling. Inflation is high. ASR has become a band-aid that barely lasts a day. In such a scenario, what should be on the agenda of protocol leadership? Voting on the background color of Jupiter Mobile—or ensuring the protocol’s long-term viability?

Caring about the community doesn’t mean distracting them with cosmetic votes. It means making the hard decisions that will allow them to continue benefiting from a thriving ecosystem.

Conclusion

Jupiter is still one of the most powerful protocols in the ecosystem—but that status can’t be maintained while hemorrhaging revenue and ignoring critical structural issues.

We’re now at a crossroads. The question is simple:

  • Free usage?
  • Or a sustainable protocol economy?

Ultimately, it’s the governance token holders who will decide. But one thing is clear: it’s time to talk seriously.

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Save $Jup. If possible avoid “Make DAO hemorrhage” votes until the sentiment changes

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I don’t think they will listen.

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I dont think they will lisen either,
they are making a killing for their own wallets,
and for their fanboys who just agree and hype everything

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This is just my perspective and from being in the game a couple minutes. I respect your viewpoint and will share mine as well. The team is extremely dev heavy. They wake up and build endlessly. If for any reason they decide to shift their focus, they start to worry about things that they ultimately cannot control. If Meow or anyone else started to worry about token price, nothing would get accomplished. Let’s also keep in mind, we are being tariffed to all heck. This isn’t an isolated token. If they change gears to pump the price, where does that end? Price go up and people sell. We are back to square one. For me, they are building and producing quality products. They are delivering on things and even more than expected. That is just my 2 cents.

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Swap is one of Jupiter’s most valuable features and changing it, by removing it or increasing gas costs, risks compromising its value. While it is essential to innovate and find alternative solutions, swap should remain untouchable, as it is not the cause of the token’s collapse and strength. The real problem lies in the current global economic context.
Increasing gas costs would unnecessarily burden users without solving anything. These costs would likely be absorbed by the privileged team, further increasing distance with the community. The difficulties of Solana, Ethereum and other networks are clear examples of a larger crisis. Many make the mistake of comparing everything to BTC: born to free the world from financial slavery, it represented a unique original idea (Before). However, what followed is a completely different reality.
To build a solid future, we need to form our own team to create something that generates value regardless of daily financial fluctuations. There is no other way.
(We are the ones at the bottom)

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yeah sure, but they are a bit slow developing things, they are 80 people, in the team, who spent more time arranging the party at catstambull than doing development,
the do simple apps, with take them months and months to do,
not to mention all the working groups,

if you add it all up, its more than 100 people,
so in my view, they are not doing that much, apart from hyping the so called comunity,
as they know that is the method that worked in all the solana and ETH ragpulls

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You have a valid perspective. Building takes time and needs a dedicated team. The issue is that if you say you operate a Dao. Then that’s what you have to implement.
Who cares about price. We should care about sharing the pie to new users not consolidating voting power to a few. Or just drop voting power. Otherwise few will have their pie and eat it. This will not be good for reputation

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