In terms of daily trade volume, Solana’s decentralised exchange (DEX), Jupiter, has eclipsed the popular Ethereum-based Uniswap V3.
Jupiter has taken the top rank throughout chains, according to data from SolanaFloor, a platform supported by Step Finance, with a 24-hour volume of an astounding $519.8 million.
New leader emerges
Jupiter’s ascent to the top of the DEX rankings is evidence of the Solana ecosystem’s increasing vigour. It just beats out Uniswap V3, which has $510 million in trading volume during the same period of time, with a volume that exceeds half a billion dollars.
Komodo Wallet, a decentralised platform with only 10 currencies listed and a volume of $216 million, trails in third place.
With its decentralised solutions, Orca comes in fourth place with a $184 million trading volume.
Expanding ecosystem with airdrops
The official start time for Jupiter’s much anticipated JUP token airdrop is planned for January 31. Almost a million qualified Solana DeFi subscribers will get 1 billion JUP tokens during this event.
Users’ degree of involvement with the Jupiter platform, which includes measures like the amount of transactions made and the frequency of platform interaction, will determine the criterion for token distribution.
Additionally, Jupiter is preparing to launch a new meme currency that will serve as a working prototype for their recently created launchpad. It is crucial to remember that this meme currency project is not a Jupiter original and is separate from the JUP token project.
With more airdrops and allocations for contributors, reserves, and liquidity provisions planned for the future, the JUP airdrop is only the beginning of an ambitious strategy to give half of the entire JUP supply to the community.
