Home NewsAltcoin The Effect of Jupiter ‘s $JUP Token Launch on the Solana Network, and on Ethereum

The Effect of Jupiter ‘s $JUP Token Launch on the Solana Network, and on Ethereum

by Ouess

Yesterday January 31st Jupiter has launched successfully its token $JUP on the solana ecosystem .

JUpiter Successful launch

The JUP launch was successful, Jupiter’s airdrop — one of the largest ever to occur on Solana — went off without a hitch, according to a Solana Foundation executive.

According SolanaFloor on its X account to 605 million out of 1 billion $JUP has been claimed. 60.54% wallets have claimed their $JUP airdrop. they have reported also that has surpassed $700 million in 24 hour on-chain trading volume. Those numbers has made JUP becomes 3rd largest coin on solana by 24-hour on-chain trading volume.

@JupiterExchange has surpassed $1B in 24-hour trading volume which it made the exchange the #1 DeFi platform across all chains and it flipped UNISWAP.

Impact on Solana Network

According to the official X account of @MayanFinance $5.75 million bridged from Ethereum to Solana via Mayan Finance over the past 24 hours.

and according to DefiLlama Solana had $197 million in Stablecoins of inflow on January 31st. One of the Largest inflow in 18 months.

We should also mention that according to StepFinance the daily Active Addresses on hit a one-year high on $JUP launch day which made Solana seizes the #1 spot with the highest Daily Active Addresses across all chains.

All of those numbers made Solana flip Ethereum in 24-hour DEX trading volume.

We hope that all of those numbers will help you in your analysis and you should always remember to DYOR.

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