Solana's Jupiter surpasses Uniswap

Solana's decentralized exchange (DEX) Jupiter has surpassed the popular Ethereum-based Uniswap V3 in daily trading volume.

Source: SolanaFloor

Data from SolanaFloor – a platform provided by Step Finance indicates that Jupiter has taken the number one spot across chains as its 24-hour trading volume reached an impressive $519.8 million.

New top DEX

Jupiter's rise to the top of the DEX rankings is a testament to the growing strength of the Solana ecosystem. With a trading volume exceeding half a billion dollars, it almost dethroned Uniswap V3, which recorded $510 million in the same time frame.

Coming in at number 3 is Komodo Wallet, a decentralized platform that has reached $216 million in volume and only lists 10 coins.

Orca took 4th place with its decentralized services, reaching a trading volume of $184 million.

Expand the ecosystem with airdrops

Jupiter has set January 31 as the official date for the much-anticipated JUP token airdrop. The event is poised to distribute 1 billion JUP tokens to nearly 1 million qualified DeFi users on Solana.

The criteria for distributing tokens to users will revolve around engagement with the Jupiter platform, including metrics such as the volume of transactions performed and frequency of interaction with the platform.

Furthermore, Jupiter is preparing to introduce a new memecoin, which is expected to act as a real test for their newly developed launchpad. It is important to note that this memecoin initiative is different from the JUP token initiative and is not an original creation of Jupiter.

The JUP airdrop is just the first phase of an expansion plan to distribute half of the total JUP supply to the community, with additional airdrops and distributions to contributors, reserves, and liquidity providers planned. plan for the future.