Solana's decentralized exchange known as Jupiter has decided to allocate $10 million in USDC and 100 million JCP tokens (equivalent to $137 million) to kickstart its Jupiter DAO. The budget will support funding ideas with USDC and align long-term incentives with J.U.P Catributors. If the DAO ends the year with specific amounts of USDC and JUP tokens, there are plans to replenish the budget from revenues and community cold wallets. Currently, ecosystem funds are stored in a DAO multisig wallet with three initial members. Jupiter is widely recognized on the Solana blockchain with a total value locked of $381.49 million and accounting for 8% of the Solana ecosystem's value. Additionally, Jupiter has a fully diluted market cap of $12.5 billion. The growth of Solana has been substantial, fueled in part by the popularity of meme coins. For instance, Jeo Boden, a meme coin parodying President Joe Biden, exceeded a $250 million market cap recently. Solana continues to lead in weekly stablecoin transfer volume.