Jupiter, a prominent decentralized exchange aggregator on Solana, announced $46 million in revenue for Q3 2025. This growth was fueled by $176.8 billion in spot trading volume and $24.6 million from perpetual futures. The platform also saw an increase in active wallets, reaching 8.4 million, up from 8 million in the previous quarter, and reported annualized fees of $1.38 billion. Despite these strong financial results, the JUP token is experiencing a downturn, trading near a three-month low. The decline in token value contrasts with the platform's robust performance metrics, highlighting a potential disconnect between market sentiment and operational success.