Jupiter vs Kwenta Comparison
| 4-7 bps position open/close | Fees | 0.25% - 0.3% |
JupiterWinner
vs
Kwenta
Pros & Cons
Pros
- Near-zero network fees on Solana
- Very fast execution
- Embedded in Solana's largest trading ecosystem
- Pool model without order-book slippage
- Liquidity provision through JLP with a share of fees
Cons
- Narrow market list — essentially the major pairs
- Funding costs on open positions
- Very high leverage tiers on individual pairs raise liquidation risk
- No EU authorisation
Pros
- Access to synthetic perpetuals from the Synthetix ecosystem
- More than 40 tracked assets
- Existing trading functionality retained during the transition
- Low network fees on Optimism
Cons
- No longer a standalone project — acquired by Synthetix
- The native token is set to cease to exist
- Fees of 0.25% to 0.3% per trade, far above the segment norm
- Not a sensible candidate for a fresh start
- No EU authorisation
Score Comparison
4.6Usability3.8
3.9Features3.5
4.0Fees3.0
4.3Stability3.6
3.5Support3.2
Features
- Network fees at a fraction of a cent
- JLP pool at billion-dollar scale
- Part of the Solana trading ecosystem
- Fee share for liquidity providers
- Acquisition by Synthetix
- Token wind-down announced
- Synthetic perpetuals on Optimism
- Trading still possible during the transition
Details
JupiterKwenta
| Jupiter Exchange | Company | Synthetix (acquired Kwenta) |
| Singapore | Headquarters | Decentralised, no registered office |