"If you do it at the right price, there's nothing better than buying in your own business"

-Warren Buffett.
Jupiter Buybacks Analysis
$20M in solana:JUPyiwrYJFskUPiHa7hkeR8VUtAeFoSYbKedZNsDvCN buybacks since January.
Jupiter sends 50% of Ultra aggregation revenue straight into buybacks, so this is the protocol’s pulse in real time.
>January hit the high at $5.7M, Solana activity was ripping, matched with Cat Lumpurr.
>April dipped to ~ $2M, attributable to the market conditions.
Now look at May and June: back to ~ $2.7M The catalyst? Tokenized stocks.
Solana cleared $1B in weekly tokenized equities volume, and Jupiter is routing a big chunk of it.
Flywheel for tokenized stocks is simple: More flow → more fees → more buybacks.
GUM private beta is live. Perps are expanding with lower fees and a new face. Tokenized stocks on Solana are still in the early innings.
$90M in total buybacks since the program launched.