Jupiter Launches USDe Lending Market With Bitwise, Targeting Billions in Institutional Capital
Updated
Updated · PR Newswire · May 13
Jupiter Launches USDe Lending Market With Bitwise, Targeting Billions in Institutional Capital
1 articles · Updated · PR Newswire · May 13
Bitwise became the first institutional asset manager to curate a Jupiter Lend market as Jupiter launched an Ethena-focused USDe lending venue built for institutional-scale deployment.
The market is isolated from Jupiter Lend’s broader liquidity layer and runs on Fluid’s infrastructure, which Jupiter says is designed to deliver deep liquidity, tighter risk controls and capacity that can scale into the billions.
Jupiter framed the launch as a new model that puts market venue, asset curation, token supply and lending infrastructure into one live onchain structure, with Ethena providing USDe and Fluid operating the backend.
The push comes as DeFi total value locked has risen 238% since January 2023 to $156 billion, while Jupiter Lend itself hit $500 million in TVL within 24 hours of its August 2025 debut.
As TradFi giants curate DeFi, will institutional capital come at the cost of decentralization?
Can Bitwise's risk management truly tame the inherent volatility of a synthetic dollar like USDe?
Jupiter Lend’s $1.6B Surge: Institutional-Grade Lending, JupUSD, and the Transformation of Solana DeFi
Overview
Jupiter Lend launched its Public Beta on February 27, 2024, marking a major step for the Jupiter ecosystem on Solana. The platform is designed to help users, especially $JUP token holders, interact with their digital assets more efficiently by unlocking liquidity without selling. This new approach opens up more investment and yield opportunities in DeFi. Jupiter Lend’s collaboration with Fluid positions Fluid as a key infrastructure provider on Solana. Together, they aim to set new standards for capital efficiency and liquidity management, making it easier for users to maximize the value of their holdings within the growing DeFi landscape.