# Jupiter Staked SOL Total value locked Methodology

## 1. Overview

Total value locked (TVL) measures the total value of native SOL deposited into stake accounts controlled by the Jupiter liquid staking program. This metric represents the aggregate collateral backing the jupSOL liquid staking asset. TVL serves as a primary indicator of the scale of the Jupiter Staked SOL product and the level of trust placed in the protocol by delegators.

## 2. Data sources

- **Blockchain events**: Stake account authority records and native SOL balance records from the Solana blockchain
- **External data**: End-of-day price feeds for native SOL

## 3. Step-by-step calculation

### Component A: Identification of Jupiter liquid staking accounts

- **Purpose**: Identify the specific Solana stake accounts that constitute the Jupiter liquid staking pool.
- **Logic**: Stake accounts are identified by filtering blockchain state records for accounts where the 'Stake' authority is set to the designated Jupiter management account (`EMjuABxELpYWYEwjkKmQKBNCwdaFAy4QYAs6W9bDQDNw`). A historical registry of these accounts is maintained to ensure that balances are tracked accurately as new accounts are created or delegated to the program.

### Component B: Native SOL balance tracking

- **Purpose**: Retrieve the balance of SOL held within the identified stake accounts.
- **Logic**: Native SOL balance changes are parsed for all accounts identified in Component A. For each day, the closing balance for every stake account is captured. These balances are then normalized by decimal precision to convert from lamports to SOL.

### Component C: USD conversion and aggregation

- **Purpose**: Convert native balances into a standardized USD value.
- **Logic**: The normalized SOL balances are summed across all identified accounts to calculate the daily total for Jupiter Staked SOL. These aggregate totals are multiplied by end-of-day price feeds. A fill-forward mechanism is applied to account for days without balance changes, ensuring a continuous daily time series of the total value locked.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Total value locked

Liquid staking

Jupiter aggregates liquidity from multiple non-custodial exchanges. Integrators set custom fees. Liquidity providers deposits funds into the perpetual exchange. Both receive fees from traders (supply-side fees).

Jupiter is a non-custodial DEX aggregator and exchange for perpetual contracts built on Solana. Jupiter was founded by an pseudonymous founder meow and launched in 2021.

JUP token holders own and govern the protocol. They currently take a cut of the total perpetual and integrator trading fees paid by traders (revenue). Jupiter's investors include White Hilt Capital, etc.
