Jupiter Dominates DEX Trading Volume
According to CoinGecko data, Solana-based DeFi aggregator Jupiter recorded over $522 million** in trading volume within 24 hours, securing the top spot among decentralized exchanges (DEXs) with an **18.3% market share**. Notably, this surpassed the combined trading volume of Uniswap’s Ethereum-based V2 and V3 protocols (approximately **$500 million).
Key Drivers of Jupiter’s Trading Surge
Meme Coin WEN: Over $60 million of Jupiter’s daily volume came from WEN-related trading pairs. Co-founder Meow announced WEN claims on January 25, eligible for users who interacted with Jupiter in the past 6 months or owned a Solana Saga phone.
- WEN Airdrop Deadline: Claims close tonight at 11 PM UTC. Each eligible user receives 643,652 WEN (worth $100+** at current price of **$0.000165).
- Airdrop Status: Dune Analytics reports 401 billion WEN claimed, with 42.7% remaining unclaimed.
Stablecoin Pairs:
- USDC/SOL and USDT/SOL pairs contributed $200+ million.
- USDC/USDT trades reached $58 million.
👉 Explore Jupiter’s platform for seamless DeFi swaps
Upcoming JUP Airdrop: Solana’s Largest Ever
Jupiter’s native token JUP launches on January 31, distributing 10% of its total 10 billion supply to the community.
Airdrop Allocation Details
| Tier | Eligibility | JUP per User | Total Allocation |
|------|------------|--------------|------------------|
| Equal Share (2%) | All pre-Nov 2023 users | ~200 JUP | 200M JUP |
| Tiered Rewards (7%) | By trading volume: | | 700M JUP |
| - Tier 1 | Top 2,000 users (>$1M volume) | 100,000 JUP | |
| - Tier 2 | Next 10,000 users (>$100K volume) | 20,000 JUP | |
| - Tier 3 | Next 50,000 users (>$10K volume) | 3,000 JUP | |
| - Tier 4 | Next 150,000 users (>$1K volume) | 1,000 JUP | |
| Community (1%) | Discord/Twitter contributors | Varies | 100M JUP |
Future Rounds: Three additional airdrops planned.
Market Speculation: Aevo’s JUP futures trade at $0.65**, implying a **$650M+ airdrop value—potentially Solana’s largest.
FAQ
Q: How do I claim WEN?
A: Visit Jupiter’s platform before tonight’s deadline. Eligible users receive tokens automatically.
Q: What’s JUP’s utility?
A: JUP will govern Jupiter’s ecosystem, including fee discounts and protocol upgrades.
Q: Why did WEN’s price surge?
A: FOMO-driven demand ahead of the airdrop deadline and viral community engagement.