In a significant strategic expansion within the Solana DeFi ecosystem, Jupiter, the leading decentralized exchange aggregator, has announced the acquisition of RainFi, a peer-to-peer fixed-term lending platform. The acquisition, first reported by SolanaFloor, aims to accelerate the development of on-chain credit markets on Solana.
A key component of the deal is an upcoming airdrop of JUP tokens to RainFi's user community. RainFi confirmed that a snapshot of its 'Droplets' points system took place on December 10, 2025. All holders at that moment will receive JUP rewards in early 2026 as the project is integrated into the Jupiter ecosystem. Jupiter plans a gradual integration of RainFi's core features over the next few months, during which the RainFi app will continue to operate under its own banner.
Concurrently, Jupiter has appointed Xiao-Xiao J. Zhu as its new President. Zhu joins from global investment firm KKR, where he spent five years responsible for digital asset strategy and worked on major technology deals. In a statement on X, Zhu stated that value in crypto is "fundamentally shifting from infrastructure to the application level," where liquidity, distribution, and user experience are core advantages. Under his leadership, Jupiter aims to solidify its role as Solana's largest full-stack DeFi platform and expand into "stablecoins, payments, and an omnichain hub that connects ecosystems and liquidity layers." The Jupiter team currently oversees more than $3 billion in Total Value Locked (TVL) and over $1 trillion in annualized activity.
Despite these strategic moves, Jupiter's native token, JUP, has experienced significant price pressure. The token fell more than 8% in the 24 hours following the news and is down nearly 39% for the month, trading around $0.2137. This decline places JUP almost 90% below its all-time high from over two years ago. The drop occurred despite recent positive developments for Jupiter, including Coinbase launching spot trading for Jupiter pairs on December 9 and the earlier launch of its upgraded trading engine, Ultra v3, in October 2025.
