Summary
Solana-based DEX aggregator Jupiter launched its JUP token, which quickly became the sixth-largest decentralized exchange by market capitalization, reaching a market cap of $914 million within 30 minutes of its launch. The token has since fluctuated between $0.86 and $0.5, and at the time of writing, it was valued at around $0.68. The airdrop of 1 billion JUP tokens went to approximately 955,000 wallet addresses, making it the tenth-largest airdrop in crypto history. Jupiter’s fully diluted value (FDV) is $6.8 billion, higher than Uniswap’s FDV of $6.1 billion. Jupiter is currently the largest aggregator in crypto, with $661 million in volume over the past 24 hours. The project also facilitated over 80% of DEX volume on Solana.
Key Points
1. The token of Solana-based DEX aggregator Jupiter, called JUP, reached a market cap of $914 million within just 30 minutes of its launch at 10am EST. This makes it the sixth-largest decentralized exchange by market capitalization.
2. JUP’s fully diluted value (FDV), which represents the value