Meme coin WEN explodes! Jupiter's single-day trading volume surpassed Uniswap and topped the list of DEX

According to CoinGecko data, in the past 24 hours, the transaction volume of Jupiter, the Solana ecological DeFi aggregation platform, exceeded US$522 million, accounting for 18.3%, exceeding Uniswap’s V2 and Ethereum The total transaction volume of the V3 protocol (approximately US$500 million).

DEX trading volume ranking

In Jupiter’s single-day trading volume, the trading volume of Meme currency WEN-related trading pairs exceeds 60 million US dollars. Meow, the co-founder of Jupiter, announced on the 25th that applying for WEN is open. Anyone who has interacted with Jupiter in the past 6 months or has a Solana Saga phone is eligible to claim WEN.

The deadline for receiving the WEN airdrop is 11 o’clock tonight, and each qualified person can receive 643,652 WEN tokens. The current WEN token price is $0.0001650, with an increase of more than 60% in the past 24 hours. This brings the current airdrop value available to each eligible user to more than $100. According to Dune Analytics data, 401 billion WEN tokens have been claimed, and 42.7% of the airdrops have not yet been claimed.

In the last 24 hours, trading activity on Jupiter has mainly focused on stablecoin trading. Among them, the total trading volume of USDC/SOL and USDT/SOL exceeded US$200 million, while the trading volume of the USDC/USDT trading pair reached US$58 million.

Trading volume distribution on Jupiter

JUP airdrop is coming

Jupiter’s native cryptocurrency JUP will be online and airdropped on the 31st. JUP’s first airdrop will be open to 955,000 eligible users who have reached the $1,000 trading volume requirement by the November 2023 snapshot date.

The total supply of JUP tokens is 10 billion, and 10% of the total supply will be allocated to the community initially. The airdrop distribution is as follows:

Equal distribution to all wallets (2%): The 200 million tokens will be distributed equally to all users of Jupiter before November 2, 2023, which is equivalent to approximately 200 JUP per user.

There is also a tiered score, based on the unadjusted quantity score (7%), and the distribution is roughly as follows:

• The first level: the first 2,000 users, Each person will receive 100,000 tokens (estimated transaction volume exceeds 1 million)

• Second level: The next 10,000 users will each receive 20,000 tokens (estimated transaction volume More than 100,000)

• ##Third level: The next 50,000 users will each receive 3,000 tokens (estimated transaction volume exceeds 10,000)

• Fourth level: The next 150,000 users will each receive 1,000 tokens (estimated transaction volume exceeds 1,000)

• Community members (including Discord, Twitter users developers and developers, accounting for 1%): 100 million tokens will be distributed to the most valuable contributors and community members

In addition, there will be three rounds of airdrops in the future.

According to the JUP futures of Aevo, an on-chain options trading platform, the current price is temporarily quoted at US$0.65, with an increase of 9.9% in the past 24 hours. Based on the current price, the total value of JUP’s 1 billion airdrops will exceed US$650 million. It is expected to be the largest airdrop in Solana’s history.

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