Benefiting from the surge in trading activities of meme coin WEN and stablecoins, the Solana-based DeFi aggregator platform Jupiter has achieved a daily trading volume of over $520 million, surpassing the combined trading volume of Uniswap V2 and V3 protocols on Ethereum, and taking the top spot in DEX trading volume rankings.
According to CoinGecko data, in the past 24 hours, Jupiter has accounted for 18.3% of the total DEX trading volume, surpassing Uniswap’s V2 and V3 protocols on Ethereum with a trading volume of over $522 million.
Within Jupiter’s daily trading volume, the trading volume of meme coin WEN-related trading pairs has exceeded $60 million. On the 25th, the co-founder of Jupiter, meow, announced the opening of WEN claims. Anyone who has interacted with Jupiter or is a Solana Saga mobile phone owner in the past 6 months is eligible to claim WEN.
The deadline for claiming WEN airdrop is tonight at 11 PM. Each eligible participant can receive 643,652 WEN tokens, which are currently priced at $0.0001650 per token. In the past 24 hours, WEN has surged over 60%, making the current value of the airdrop received by each qualified user exceed $100. According to Dune Analytics data, 401 billion WEN tokens have been claimed, leaving 42.7% of the airdrop unclaimed.
Furthermore, the majority of trading volume on Jupiter in the past 24 hours was driven by stablecoin-related trading activities. The combined trading volume of USDC/SOL and USDT/SOL exceeds $200 million, and the trading volume of the USDC/USDT trading pair reached $58 million.
Jupiter’s native cryptocurrency, JUP, will soon be listed and airdropped on the 31st. The first airdrop of JUP will be open to 955,000 eligible users who have met the $1,000 trading volume requirement before the snapshot date in November 2023.
The total supply of JUP tokens is 10 billion, and the initial distribution will allocate 10% of the total supply to the community. The airdrop distribution is as follows: equal distribution to all wallets (2%): 200 million tokens will be evenly distributed to all users who have used Jupiter before November 2, 2023, which is approximately 200 JUP per user. There will also be tiered scoring based on the unadjusted quantity (7%), and the distribution is as follows:
– Level 1: Top 2,000 users will receive 100,000 tokens (estimated trading volume exceeds 1 million)
– Level 2: The next 10,000 users will receive 20,000 tokens (estimated trading volume exceeds 100,000)
– Level 3: The next 50,000 users will receive 3,000 tokens (estimated trading volume exceeds 10,000)
– Level 4: The next 150,000 users will receive 1,000 tokens (estimated trading volume exceeds 1,000)
Community members (including Discord, Twitter users, and developers, accounting for 1% of the total supply) will receive 100 million tokens allocated to the most valuable contributors and community members.
In addition, there will be three rounds of future airdrops.
According to Aevo, an on-chain options trading platform, the current price of JUP futures is $0.65, with a 24-hour increase of 9.9%. Based on the current price, the total value of the 1 billion JUP airdrop will exceed $650 million, making it the largest airdrop in Solana’s history.
Related articles:
Solana’s largest airdrop is here! Aggregator Jupiter to launch in late January, JUP currently priced at $0.76
Solana’s potential DeFi projects: Jupiter, Jito, Kamino…
Airdrop preview: A look at 7 projects backed by Binance Labs