List of Flash News about JUP token
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2025-06-30 22:35 |
Solana's Jupiter (JUP) DEX Halts DAO Voting Amid Trust Issues; RWA Tokenization Poised for Growth
According to @moonshot, the Solana-based decentralized exchange (DEX) Jupiter is pausing all DAO votes until the end of 2025 due to a "breakdown in trust" and the current governance structure not working as intended. Jupiter executive Kash Dhanda stated the protocol is in a "critical period" to define the future of DeFi. While active staking rewards of 50 million JUP per quarter will continue, no new DAO-funded work groups will be created. This decision follows a 21.8% decline in the JUP token's value over the past 30 days. Concurrently, the report highlights that Real-World Asset (RWA) tokenization has surpassed the proof-of-concept stage, with over $20 billion in tokenized assets from major institutions like BlackRock and KKR. Key growth drivers for RWAs include maturing blockchain infrastructure, growing regulatory clarity, and the emergence of tokenized treasuries. As the market evolves, Solana (SOL) is trading at approximately $153.94, showing a modest 1.077% increase over the past 24 hours, indicating resilience amid ecosystem-specific news. |