Jupiter Exchange Leads Derivative Protocols by TVL with $698M, 18% Market Share

Jupiter Exchange has emerged as the leading derivative protocol by total value locked (TVL) across all blockchain networks, with a TVL of $698 million, accounting for 18% of the market. This development highlights Jupiter Exchange's significant growth and dominance in the decentralized finance (DeFi) sector, particularly on the Solana blockchain. Other notable protocols in the top ten by TVL include GMX.IO with $532 million, HyperliquidX with $508 million, and dYdX with $399 million. These figures underscore the competitive landscape among DeFi derivative protocols, with Jupiter Exchange pulling ahead significantly.