Jupiter's high-leverage product YOLO surpasses $1 billion in trading volume within 24 hours of launch.

BlockBeats news, October 16 - Jupiter officially announced that its high-leverage trading product YOLO has surpassed $1 billion in trading volume less than 24 hours after launch, currently supporting up to 1000x leverage on SOL, BTC, and ETH.

YOLO was launched by Jupiter Labs, benchmarking against PaperTrade and drawing on the JLP model, simulating positions at real market prices with real profit and loss, but without the need to actually execute leveraged positions of corresponding scale in the market. Profits are paid out from a liquidity pool, and if liquidity is insufficient, redemptions may enter a queue.