jakiro
Author: Climber, Bitchain Vision Realm
On January 31, a number of mainstream exchanges including Binance, OKX, Bitget, etc. have announced that they have announced the online Solana ecological transaction polymer Jupiter (JUP). At the same time, Jup, known as the “largest airdrop in history”, officially opened.The discussion of the project in the market for a while was full.
As a recent popular project, Jupiter’s monthly transaction volume in 2023 increased by about ten times, from US $ 650 million in January to US $ 7.1 billion in December.This year, the daily transaction volume of the project has exceeded Uniswap V3 many times, and earlier has received $ 500 project financing.
It can be seen that Jupiter has potential development, but it can be consistently optimistic that many well -known exchanges pace. It shows that the project will inevitably have more flash points worth excavating. Today, the special chain vision will analyze it in detail.
JupiterWhat is it?
Jupiter is a decentralized transaction liquidity polymer on Solana. It can connect all DEX markets and AMM pools to span different decentralized exchanges and provide the best token prices.
The Jupiter smart routing process will compare the price route through an intermediary token to discover the inefficient and market volatility of the price.The project dynamically split the transaction into multiple small transactions, thinking that large transactions have obtained better prices, and use tokens with low liquidity on multiple exchanges for transactions.
As one of the most advanced DEX aggregate engines in the industry, in addition to providing the necessary liquidity to the Solana ecosystem, the Jupiter also expands its DEFI product series to provide comprehensive kits, including price limit orders, DCA/TWAP, bridge comparators, sustainable sustainableTrading and recent launchpad.
Other Jupiter’s main features include: the new market will be quickly automatically launched after the launch of the new market, and the tokens exchange in a single transaction will not exceed the transaction limit, nor will it lead to high slippery points.If the user needs to enter the tokens and transactions, the platform will automatically calculate all feasible routes of token transactions.
In addition, its API allows developers to use Solana’s liquidity: this liquidity provides a packaging token to support liquidity exchange between tokens, including other agreement tokens in the packaging version.
Jupiter was launched in October 2021, and Jupiter Exchange completed the 5 million US dollars of seed round financing led by White Hilt Capital in May 2022.
Jupiter market performance
The monthly trading volume of Jupiter in 2023 increased by about ten times.In January, the transaction volume was US $ 650 million, and in December, it increased to $ 7.1 billion in transaction volume.After the platform announced the issue of JUP tokens, the transaction volume in November reached a record high, exceeding $ 16 billion.
In addition, Jupiter has dealt with more than $ 72 billion in transactions and more than 1.56 million transactions, becoming the key layer of the Solana ecosystem.At the same time, the project accounted for 70%of the effective transaction volume of all DEX DEX, which became the preferred platform for traders on Solana.
After the project is launched on the major exchanges, the token price trend is stable and maintained around $ 0.6.Previously, the project party announced that the user claimed to be “the largest scale in history”. The total amount of Jups of the airdrop was 10 billion pieces, of which 40%were used for community growth, and it is expected to perform 4 rounds of air investment.
However, after the airdrop opening on January 31, Jup did not have a huge amount of selling.As of the writing, nearly 66%of the 660 million Jups have been collected, and the total market circulation of the token is 1.35 billion pieces, which means that nearly half of the tokens are in the hands of airdrop users.
However, in view of the small number of single user airdrops, it is only 200, and it is not worth $ 120 at the current price. Therefore, it does not rule out the possibility of users selling the price for the timing.
From the perspective of currency price performance, Jup has not yet erupted but has not fallen seriously.However, the concentrated coin of the exchange continues to bring popularity to Jupiter. According to COINGECKO data, Jupiter has defeated Uniswap V3 ranking first in the 24 -hour trading volume rankings for many days.
Flash point analysis
This time, many well -known exchanges are concentrated on the Jupiter. The side verifies that the project has a certain value potential. So where is there some places in this project?
First of all, the project’s strategic pattern was not impressed by the Pratt & Whitney and Households, nor did it be anxious to sell the smashing disk or the dark box operation to increase the shipment because of the project launching exchange.
Jupiter co -founder Meow announced in detail Jup’s airdrop information. The initial circulation of JUP will be 1.35 billion pieces, of which 1 billion are used for airdrops, 250 million are used for Launchpool, 50 million are used for CEX market, 50 million piecesUsed for LP demand on the chain.
In addition, the previous information shows that the total amount of JUP is 10 billion pieces, of which 40%are used in community growth, divided into 4 rounds of air investment, and in January each year.This is a brand -name airdrop, which is undoubtedly huge for the Mao Mao Party and users.
Although there are many users of “the largest scale in history” in this time, and the initial circulation is small, the Jupiter team has not dominated the price of JUP prices and has not taken the aircraft low -priced chip.Meow means that the Launch Pool of Jupiter has set up 7 days to absorb airdrops and buyers’ selling pressure, and the team will not sell tokens after 7 days. All tokens (including USDC/JUP) in LaunchPool will also enter the team’s wealth.Library may be used for LP.
In addition, Jupiter recorded the inflow and outflow information of all the Jup token in the community document, and Jupiter did not push the price.
Secondly, the project party actively does things and keeps new about products and services.
Jupiter offers a variety of DEFI tools, such as: Sales: Provide a payment API for specifying the exact output tokens; limit orders: allow users to set orders for specific prices; DCA (US dollar cost average): tools for regular investment strategies for regular investment strategies; Jupiter Launchpad: The distribution platform provided for new projects.
In addition to the above tools, on January 23, MEOW announced the launch of the Beta version of the Jupiter LFG Launchpad.From February 1st, Jupiter Dao will approve the new project to join Launchpad and be responsible for ensuring that these projects are worthy of promoting all Jupiter users to make the project successful as possible.
In July last year, Jupiter launched the V3 version to introduce the route algorithm Metis.In order to improve the routing of Jupiter for all transactions, it reduced the sliding point of large transactions, and provided scalability for the upcoming Solana upgrade and more new DEX.
At the same time, the project party also pays great attention to community construction.Jupiter launched the “Good Cats” airdrop bonus plan in December last year to thank the community members to the positive contribution to Jupiter during its Breakpoint announcement.In addition, 40%of the JUP token in the official airdrop has also been assigned to the community, and in terms of specific allocation details, the project party also said that it will be determined with the community to make free airdrops.
Conclusion
From the recent information that Jupiter passed on the market, we can see that the project party has a longer -term development plan. At the same time, its products and services have not stayed in a single business, but actively collecting community opinions for innovation.Therefore, it can only be seen in the construction of the project that it has the pattern of project developers.The Solana chain is known as the “Ethereum Killer”. If there is a day that surpasses Ethereum in the future, then its chain ace project Jupiter will inevitably have the possibility of income.
