Jupiter will slowly fall behind and never come back. It will be the first ever example of over-diversification failure on @solana. Jupiter just announced *another* product while its flagship, Jupiter Swap, no longer gives the best price, losing 87% of the time to @galaxyhq-backed @Titan_Exchange router. It’s a clear sign of how core Jupiter products are being outperformed by new, specialized competitors. @Titan_Exchange raised $7M from top-tier VCs to attack the whole Jupiter stack (Swap, Limit Orders, DCA) and they’re already delivering better execution. Its main revenue engine, Jupiter Perps (~90% of total revenue), is losing ground to @DriftProtocol and the upcoming @bulktrade & @bulletxyz, both building CLOB DEXs aiming to become Solana’s Hyperliquid. And it's the same across all products, each one now has a stronger, focused rival: - Jupiter Lend: @kamino - Jupiter Mobile: @phantom - Jupiter Studio: @pumpdotfun - Jupiter DTF (High Quality Launchpad): @believeapp / @metaplex / @MetaDAOProject This expansion strategy turns long-time partners into competitors. Jupiter was once integrated into Phantom Wallet, bringing decent revenue from in-app swaps. But after launching @jup_mobile, @phantom built its own aggregator and removed Jupiter entirely. In trying to become a superapp, Jupiter is becoming average at everything and losing where it matters most. Once Perps revenue declines, buybacks will slow, and $JUP will follow. At a $3B FDV and 50% of supply yet to unlock, declining revenue and sentiment are colliding. The community, its biggest strength, is now more & more frustrated with $JUP price action. And when that’s gone, there’s nothing left to defend. Note: I hold $KMNO, $DRIFT, $META, $MPLX and I'm an investor in Titan.