Solana’s decentralized exchange (DEX) Jupiter has recently surpassed the well-known Ethereum-based Uniswap V3 in daily trading volume, marking a significant milestone for the Solana ecosystem. According to data from SolanaFloor, powered by Step Finance, Jupiter has claimed the top spot across chains with an impressive 24-hour trading volume of $519.8 million.
This achievement underscores the strength and growth of the Solana ecosystem, as seen in Jupiter’s trading volume exceeding that of Uniswap V3, which recorded $510 million in the same time frame. Additionally, Komodo Wallet and Orca occupy the third and fourth spots, respectively, with significant trading volumes.
In an effort to further expand its ecosystem, Jupiter has announced its highly-anticipated JUP token airdrop scheduled for Jan. 31. This event will distribute 1 billion JUP tokens to nearly a million eligible Solana DeFi users, with token distribution based on user engagement metrics such as trade volume and platform interaction frequency.
Moreover, Jupiter is preparing to introduce a new meme coin, serving as a practical trial for their newly developed launchpad. It’s important to note that this meme coin initiative is distinct from the JUP token initiative and is not an original creation of Jupiter.
The JUP token airdrop represents the first phase of a broader plan to distribute half of the total JUP supply to the community, with additional airdrops and allocations for contributors, reserves, and liquidity provisions planned for the future. This strategic approach aims to engage and reward the Solana community while fueling the growth of Jupiter’s ecosystem.
