Jupiter's governance token JUP is launching today through an airdrop, featuring an impressive initial circulating supply of 1.35 billion on the Solana network.

This exchange aggregator established on the Solana blockchain is preparing to distribute its governance token JUP, with an initial circulating supply of 1.35 billion. An airdrop event will see these tokens shared throughout the community. Jupiter (JUP) The amount of JUP tokens has been adjusted down to 1.35 billion from a prior estimate of 1.7 billion, which means that trading could begin with a market cap of around $700 million, especially with JUP futures trading at 65 cents on the Aevo platform.

According to Jupiter founder Meow Among the total of 1.35 billion tokens available at launch, a billion are earmarked for airdrops, while another 50 million each is reserved for providing loans to market makers on centralized exchanges and fulfilling liquidity pool needs, plus 250 million are set aside for the launch pool.

As reported by Airdrop Official, there are about 955,000 wallets that engaged with Jupiter before November 2, which are eligible to receive the JUP airdrop.

JM! The official site for the JUP token launch is now live!

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Jupiter, as a DEX aggregator, has experienced a surge in trading activity on the Solana blockchain, streamlining liquidity for users and helping them make token swaps at competitive rates. Created by a group of anonymous developers back in October 2021, Jupiter proudly supports over 550 tokens and has more than 5,550 trading pairs available, optimizing trades across multiple exchanges to ensure customers receive the best prices. Airdrops Calendar .

Currently, Jupiter is the leading DEX aggregator on the Solana network based on trading volume, with a remarkable rise in activity from approximately $4 billion in November to an impressive $16 billion by December.

The platform also recorded over $500 million in trades within a single day, claiming the title as the top exchange for that metric. Jupiter’s trading volumes outpaced that of Uniswap v3, an Ethereum platform which logged $483 million in transactions, despite Uniswap v3 generally being ranked as the largest DEX by trade volume. This increase is largely attributed to the anticipation surrounding Jupiter’s token. decentralized exchanges (DEXs) With the imminent airdrop of their token, Jupiter is gearing up to reward its steadfast community members, which will further cement its status as a top trading venue and make a significant mark in the fast-paced world of cryptocurrency. Solana Just a reminder: the information found on this page doesn't constitute legal, financial, or investment advice, and it shouldn't be interpreted as such. Always invest wisely and consult with financial professionals if you're unsure. For further details, it's advisable to check out the terms and conditions along with help resources provided by the issuer or advertiser. MetaversePost is dedicated to delivering accurate content, but be aware that market conditions can shift unexpectedly.

Alisa, a committed journalist for Cryptocurrencylistings, delves deep into topics surrounding cryptocurrency, zero-knowledge proofs, investments, and the expansive universe of Web3 technologies. With a knack for spotting new trends, she brings insightful coverage that keeps her audience informed in the transformative landscape of digital finance.

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