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  • Jupiter JUP
  • ( 0.52 % )
  • Rank #2604
  • Coins

₹96.294

₹ 96.294

Contracts : Solana : JUPyi...ZNsDvCN   

  • Rank #2604
  • Coins

Market Cap

₹0.09 B 5.6238%

Circulating Supply

1000000000

Max Supply

--

Volume

₹3.59 M

All Time High :

₹9.34

All Time Low :

₹0.0003

Price change in 24H :

₹-0.004608

24H High :

₹0.0955

24H Low :

₹0.0816

Official Links

Network information


Jupiter (JUP) Price Live Chart


Jupiter (JUP)

Scheduled for January 31, the decentralized exchange (DEX) aggregator, Jupiter, is gearing up for the distribution of its JUP token as part of a strategic move to integrate within the Solana ecosystem. Commencing at 10 am ET, the JUP token distribution follows a broader plan to enhance its presence within the Solana network. Eligibility for the JUP airdrop extends to Solana wallet holders who engaged with the Jupiter protocol before a snapshot taken on November 2. The distribution encompasses four waves, with the initial airdrop on January 31 allotting 1 billion JUP tokens, out of a total of 4 billion JUP tokens designated for the overall airdrop program. This strategic initiative positions Jupiter as a key participant in the Solana ecosystem, fostering engagement and participation among the decentralized finance (DeFi) community.


History of Jupiter

The history of Jupiter is veiled in mystery as the team maintains a low profile, refraining from divulging comprehensive details about their backgrounds, investors, or the developmental journey. Despite the discreet nature surrounding personal information, the project is backed by substantial documentation, including white papers and blogs, which shed light on years of dedicated work. While the team remains enigmatic, the crucial aspect to understand about Jupiter's history is that its development is steered by a group of passionate Solana enthusiasts. These individuals bring a wealth of experience, particularly in the realm of crypto exchanges, underscoring their commitment to the project. Although the team's personal details may remain undisclosed, their documented efforts and expertise in Solana technology signify a dedicated and knowledgeable force driving the evolution of Jupiter within the decentralized finance (DeFi) landscape.  



How does Jupiter (JUP) Work?

Jupiter (JUP) functions as a user-friendly gateway into the realm of crypto trading, aiming to simplify and enhance the decentralized finance (DeFi) experience for both seasoned traders and newcomers to the crypto space. Prioritizing simplicity in design, Jupiter seeks to provide an intuitive platform that accommodates users of all levels. The key products offered by Jupiter include:

  • Liquidity from Across Solana: Jupiter Swap strategically taps into liquidity derived from diverse decentralized exchanges (DEXs) and automated market makers (AMMs) across the Solana ecosystem. This integration ensures a broad spectrum of available token pairs for users.

  • User-Centric Interface: The user-friendly interface of Jupiter Swap is tailored to simplify the trading process, enabling users to execute swaps with ease and efficiency.

  • Reduced Slippage: Leveraging aggregated liquidity, Jupiter Swap minimizes slippage errors during token swaps. This approach ensures that users receive the anticipated amount with precision, contributing to a more reliable and efficient trading experience on the platform.


What does Jupiter do?

Jupiter stands as a prominent decentralized finance (DeFi) protocol within the Solana ecosystem, boasting an impressive $3.7 billion transaction volume in November 2023. To contextualize its significance, during the same period, Uniswap and 1inch recorded transaction volumes of $17 billion and $12.2 billion, respectively. Originally commencing as a liquidity aggregator specializing in token swaps, akin to Ethereum's 1inch, Jupiter has expanded its offerings by recently incorporating GMX-style perpetual futures. Looking ahead, Jupiter has ambitious plans, including the release of a decentralized stablecoin named SUSD. With its substantial transaction volume and diverse product offerings, Jupiter has established itself as a major player in the DeFi landscape on the Solana blockchain, showcasing both adaptability and innovation in the rapidly evolving crypto space.


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Jupiter news

1 hours 50 minutes 52 seconds ago

Jupiter Founder Brushes Off Airdrop Backlash: 'People Don’t Understand Anything'

Jupiter’s pseudonymous founder Meow has heard the complaints about yesterday’s massive JUP airdrop on Solana, and he insists the critics have got it all wrong