In a significant milestone for the decentralized finance (DeFi) ecosystem on Solana, Jupiter’s native token, JUP, is set to go live today. The decentralized exchange aggregator has gained prominence as the top platform of its kind on Solana, consolidating liquidity from various decentralized exchanges (DEXs) on the network.
Token Listing on Major Exchanges
Jupiter’s native token, JUP, has already made its way onto several centralized exchanges, including Bybit, Binance, Bitfinex, and OKX. Trading for the JUP token on these platforms is expected to commence after 10 am EST today, marking a crucial step in expanding its accessibility to a broader user base.
The token’s initial listing price on centralized exchanges aligns with the native liquidity pool at $0.40, following the pool’s specified price curve. With 1.35 billion tokens in circulation, constituting 13.5% of the total 10 billion tokens, Jupiter aims to create a robust ecosystem for users to engage in decentralized finance activities.
Retrospective Airdrop for Early Adopters
In a move to reward early adopters, Jupiter will activate a retrospective airdrop concurrently with the token’s launch. Users who traded a minimum of $1,000 on the platform before November 2 are eligible for this airdrop. Notably, the airdrop targets 955,000 wallet addresses, but as of now, fewer than 670,000 have claimed their tokens, leaving room for more users to participate in this incentive program.
Pre-Launch Market Success
Ahead of its official launch, the JUP token has been actively traded as a pre-launch perpetual derivative Aevo. Currently priced at $0.66 in Aevo’s pre-market, the token boasts a fully diluted market cap of $6.6 billion. This success in the pre-launch market underlines the anticipation and demand for Jupiter’s native token, setting the stage for a dynamic entry into the broader cryptocurrency market.
Jupiter’s Dominance on Solana
As the leading decentralized exchange aggregator on Solana, Jupiter has demonstrated its strength by facilitating a trading volume exceeding $600 million in the last 24 hours. This impressive feat underscores Jupiter’s pivotal role in consolidating liquidity from various DEXs on the Solana network, providing users with efficient and seamless decentralized trading experiences.
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