5 Revenue Streams Powering Jupiter's DeFi Super App | Revenue Meta

Kash Dhanda is the COO at Jupiter.Most people know Jupiter for its flagship DEX aggregator and perps. But we've dug into the onchain business backing JUP token value accrual and why the fundamentals are worth understanding heading into the next bull run.In this episode of Revenue Meta, Kash walks us through how Jupiter generates revenue across five distinct products: DEX aggregator, perps, Jupiter Lend, JupUSD, and Jupiter Spend, plus more revenue streams growing in development. This is a fascinating deep dive into Solana's largest, most dominant DeFi super app, including why perps for just three trading pairs wins over so much trade volume, how JLP remains one of Jupiter's most popular products, and how JUP token value accrual is aligned with Jupiter's app success. We also get the inside details on what's coming with Jupiter Lens DEX, prediction markets for the World Cup, Jupiter Spend, and their new Offerbook for borrowing and lending with long tail tokens.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)🕛 NOON | The highest and safest stablecoin yield, built for the long term👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro1:40 - Overview of Jupiter ecosystem products2:50 - Jupiter’s biggest growth wins in 20254:55 - DEX aggregator revenue is still the foundation 9:17 - Perps is Jupiter's biggest revenue driver11:32 - New revenue streams 13:57 - JLP is one of Jupiter’s most popular products18:27 - The importance of Jupiter’s wallet development19:53 - The potential for Jupiter Lend growth21:14 - How Jupiter Lend generates revenue for JUP holders24:06 - What went into launching Bitwise x Ethena market27:04 - The JupUSD stablecoin and how Jupiter will grow its usage31:06 - Jupiter is a platform for builders, not just an app33:43 - Overview of JUP token value accrual42:54 - Jupiter Lens DEX, prediction markets, Offerbook, and Jupiter Spend45:41 - Jupiter Spend monthly volume is growing fast48:09 - Closing------🔗 GUEST LINKS► Jupiter website: https://jup.ag/► Jupiter on X: https://x.com/JupiterExchange► Kash on X: https://x.com/kashdhanda------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. Kash holds JUP.