Jupiter

Liquid staking protocols experienced dramatic losses on May 30, with Rocket Pool's TVL crashing 52% to $474.8M and Jupiter Staked SOL falling 45% to $434.9M in a single day. The coordinated collapse across Ethereum$1,617.51 and Solana$79.10 liquid staking platforms suggests a potential security incident, yield crisis, or mass unstaking event, though the underlying cause remains unclear as of publication.

Jupiter Staked SOL and DoubleZero Staked SOL experienced sharp TVL declines of 45.6% and 23.0% respectively today, while Jupiter Perpetual Exchange surged 19.7%, signaling a potential rotation from staking to leveraged trading on Solana$79.10. Ethereum$1,617.51's Rocket Pool also fell 19.5%, hinting at broader staking sector headwinds.

Rocket Pool, a major Ethereum$1,617.51 liquid staking protocol, saw its total value locked crash 44.8% to $415.5M on May 22, marking one of the largest single-day declines on record. The cause remains unclear, though other DeFi protocols including Jupiter$0.1693 Lend and Bedrock UniBTC$0.01112 also experienced sharp TVL drops the same day, signaling potential broader market stress.

Jupiter Protocol's JupUSD stablecoin reached $100M in deposits across its Earn vault in its third month of operation, alongside record user growth and new product integrations like the JLP/JupUSD multiply vault.