Solana

<ul><li>Solana-based DEX, Jupiter, achieves an unprecedented milestone, recording an impressive $480 million in 24-hour trading volumes.</li><li>Wen surges with $50 million in trades, propelling Jupiter&#39;s success and setting the stage for the highly anticipated $600 million JUP token airdrop.</li><li>JUP tokens valued at $0.61 pre-market; the cryptocurrency sector sees rising popularity of airdrops, with AltLayer announcing a $100M giveaway.</li></ul>In an unprecedented turn of events, Jupiter, the decentralized exchange (DEX) operating on the Solana blockchain, has emerged as a powerhouse, registering an astounding $480 million in <a href="https://www.coingecko.com/en/exchanges/decentralized" rel="noopener noreferrer nofollow">trading volumes</a> within the last 24 hours, per CoinGecko data. Notably, this figure outshines the combined trading volumes of Uniswap&#39;s V2 and V3 protocols on the Ethereum network, which clocked in at $470 million during the same timeframe.The surge in Jupiter&#39;s trading platform can be partly <a href="https://www.coingecko.com/en/exchanges/jupiter" rel="noopener noreferrer nofollow">attributed</a> to the meteoric rise of &#34;Wen,&#34; a newly introduced memecoin. Garnering a staggering <a href="https://finance.yahoo.com/news/solana-based-dex-jupiter-flips-044705648.html" rel="noopener noreferrer nofollow">$50 million</a> in trades, Wen became available to users actively participating in Jupiter on the Solana network and those owning Solana Saga phones. This strategic move by Jupiter sets the stage for an eagerly anticipated airdrop of JUP tokens, <a href="https://twitter.com/its_airdrop/status/1751487195771441302" rel="noopener noreferrer nofollow">scheduled</a> for January 31.An analysis of Jupiter&#39;s recent trading activities <a href="https://solanafloor.com/news/jup-airdrop-by-jupiter-set-to-launch-in-2-days-solana-prepares-for-major-liquidity-injection-all-you-need-to-know-about-the-big-event" rel="noopener noreferrer nofollow">reveals</a> a preference for converting Solana&#39;s native SOL tokens into stablecoins such as USD Coin (USDC) and Tether (USDT). This specific category of transactions alone contributed a substantial $191 million to the overall trading volume.Read full article at <a href="https://cryptotale.org/solanas-jupiter-overtakes-uniswap-in-daily-trading-volume-surge/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Solana's Jupiter Overtakes Uniswap in Daily Trading Volume Surge

CryptoTale

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