Jupiter’s large JUP token airdrop declare began Wednesday, and quantity on the Solana decentralized exchange (DEX) aggregator soared to new heights in the method.
Based on knowledge from each CoinGecko and Jupiter itself, the platform has racked up greater than $1.2 billion value of day by day buying and selling quantity over the previous 24 hours. That makes it prime amongst all crypto DEXes, beating typical chief Uniswap V3 on Ethereum with $854 million (per CoinGecko). Word that the tally doesn’t embody Uniswap quantity on different chains.
Jupiter’s 24-hour rolling tally additionally seems to be an all-time document for the protocol, which has just lately seen surging demand. One other knowledge supply, DeFi Llama, exhibits that Jupiter’s single calendar-day quantity document is simply above $1 billion on December 14, 2023.
Right this moment’s merchants gained’t get something from the preliminary JUP airdrop, which serves up 1 billion tokens for earlier Jupiter customers to assert. Jupiter took a snapshot of eligible wallets in November and mentioned that about 955,000 wallets may declare tokens through the drop.
However there’s purpose to be optimistic: Jupiter has allotted one other 3 billion tokens, 30% of the entire token provide, for future airdrops to reward newer customers. The timing for the subsequent airdrop has not but been introduced, nevertheless, and amid the excitement of declare day and the sizable drops touchdown in Solana wallets, merchants are keen to start out racking up exercise on the platform.
Jupiter opened up the declare at 10 a.m. ET and the coin began with a market worth of about $0.42, in accordance with knowledge from Birdeye. JUP shortly popped over 70% to a worth above $0.72, as Decrypt reported earlier, but it surely has since calmed to a present worth under $0.67.
Even with the sinking worth late Wednesday, JUP instructions a market cap of about $914 million primarily based on the present circulating provide, and the token has generated over $500 million in buying and selling quantity in lower than 9 hours.
Based on a Dune dashboard that tracks public blockchain knowledge, eligible wallets have already claimed about 566 million JUP tokens out of the preliminary 1 billion JUP airdrop allocation. Practically 392,000 distinctive pockets addresses have claimed tokens up to now, as of this writing.
SOL itself has fallen about 6% on the day to the present worth of round $97, in accordance with CoinGecko, after bouncing up and down for the reason that JUP drop.
Edited by Ryan Ozawa.