Voting activities will be on hold until at least the end of 2025, according to a statement shared by team member Kash Dhanda.
He wrote:
“Recently, one thing has become clear: the current DAO structure isn’t working as intended. We hear the complaints. We see the breakdown in trust. We feel the perpetual FUD cycle that grows with every vote.”
The statement added that the team intends to shift energy away from frequent governance votes and toward strengthening the project’s product suite and market position.
The governance pause comes as Jupiter’s DEX remains a major player on Solana, with more than $2.2 billion locked on the platform and daily fees averaging $1.6 million. It handles upwards of 80,000 token swaps each day, serving over 18,000 daily active traders.
However, Jupiter’s aggregator has lost momentum in recent months, with user traffic dropping by up to 60% and competitors like PumpSwap dominating the meme coin niche, now accounting for a majority of that trading volume on Solana.
Treasury closed until 2027
Under the new plan, the DAO’s fund, known internally as the Litterbox Trustm will remain inaccessible for new spending or budget proposals for the next two years.
Revenue from staking services such as jupSOL will continue to feed the Treasury, but fresh JUP minting for workgroups and governance rewards has been suspended.
The team expects the break in governance rewards to help reduce selling pressure on the token, which has recently hovered near annual lows of around $0.40.
A redesigned governance structure is set to be introduced in 2026, aiming to address past disputes and streamline decision-making before the Treasury fully reopens the following year.
