Solana

Jupiter

Uniswap

DeFi

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jupiter-solidifies-as-a-leading-defi-project-on-solana/" data-wpel-link="internal">Jupiter Solidifies as a Leading DeFi Project on Solana</a><br></p>
<p style="text-align: justify">Jupiter, <strong><a href="https://en.coin-turk.com/solanas-price-predictions-and-market-recovery/" data-wpel-link="internal">Solana</a></strong>‘s most impressive <a href="https://coin-turk.com/altcoin-fiyati-hizla-yukseliyor-buyuk-dao-onerisi-gecti" data-wpel-link="internal">DeFi</a> projects, is solidifying its position as it now trades with higher volume than Uniswap V3. The recently implemented Value-Average (Beta) feature is emerging as a key factor behind JUP’s rise. Other Solana-based tokens have also experienced significant price increases.</p> 
<h2 style="text-align: justify" id="jupiter-s-price-surpasses-one-dollar">Jupiter’s Price Surpasses One Dollar</h2> 
<p style="text-align: justify"><strong>Jupiter</strong> (JUP) has been rapidly climbing since March 6, providing investors with a nearly 67% gain. Despite still being below its $2 launch price, Jupiter’s on-chain metrics are steadily rising.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-328657 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/jup-usdt-coin-turk-com-.png" alt="" width="1815" height="835"></p> 
<p style="text-align: justify">Jupiter is a swap aggregator on the Solana <a href="https://coin-turk.com/zuckerbergten-kripto-para-aciklamasi" data-wpel-link="internal">Blockchain</a> that consolidates liquidity from various <a href="https://en.coin-turk.com/blast-network-surpasses-1-67-billion-in-total-asset-value/" data-wpel-link="internal">DeFi</a> platforms to facilitate token swaps. By providing a minimal price range and low transaction costs, it enables users to smoothly execute token swaps.</p> 
<p style="text-align: justify">Since its launch on January 31, the Jupiter token JUP, like many airdropped tokens, faced a significant drop, causing its price to fall to $0.4. However, after a breakout on March 1, the price stabilized.</p> 
<h2 style="text-align: justify" id="jupiter-team-s-commitment-stands-out">Jupiter Team’s Commitment Stands Out</h2> 
<p style="text-align: justify">The Jupiter team’s commitment to enhancing and expanding the ecosystem’s features is a significant factor in this price increase. In particular, the recent introduction of the LFG Launchpad feature has been effective in the successful launch of highly traded meme coins.</p> 
<p style="text-align: justify">Analyzing Jupiter’s on-chain data provides more insight into the platform’s performance. The Total Value Locked (TVL) has surpassed approximately $300 million, indicating increased trust and participation in the platform.</p> 
<p style="text-align: justify">Additionally, Jupiter briefly overtook Uniswap V3 on Thursday to become the largest <a href="https://coin-turk.com/solana-aginin-en-buyuk-defi-protokolunden-birlesik-krallik-adimi-geldi" data-wpel-link="internal">DEX</a> before falling back to second place. Jupiter reflected this transition by dropping from 17.5% to 14.1% compared to Uniswap V3’s dominance. During the same period, according to DappRadar’s data, it facilitated over 2.50 million transactions across 277,88 thousand unique wallet addresses.</p> 
<h2 style="text-align: justify" id="other-developments-impacting-price">Other Developments Impacting Price</h2> 
<p style="text-align: justify">The implementation of the Value-Average beta feature has also positively influenced Jupiter’s price movements. This dynamic investment strategy prioritizes balanced portfolio growth by adjusting investments according to market movements, as explained in account X.</p> 
<p style="text-align: justify">Beyond Jupiter, other Solana-based meme coins like <strong>Bonk</strong> (BONK) and <strong>Dogwifhat</strong> (WIF) are achieving significant gains and experiencing increased social activity. This indicates rapid growth in the broader Solana ecosystem. Jupiter’s market value rising to $1.27 billion at the time of writing could suggest it is benefiting from the overall growth of the Solana network.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/jupiter-solidifies-as-a-leading-defi-project-on-solana/" data-wpel-link="internal">Jupiter Solidifies as a Leading DeFi Project on Solana</a></h5>

Jupiter Solidifies as a Leading DeFi Project on Solana

Table of Contents

COINTURK NEWS

Other articles published on Mar 15, 2024

Elon Musk’s Tweet Sends Meme Coin PEPE Prices Soaring Before a Sharp Drop

PEPE, WIF prices fall by 10% – Here’s what your next move should be

Prospects for Ethereum ETF Dim as SEC Delays and Analysts Adjust Expectations

Dogecoin And PEPE Lead Market Gains Over The Past Month As Rebel Satoshi’s New Launch $RECQ Takes...

QuickSwap [Old] (QUICK) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Is Arbitrum’s token unlock a ‘sell the news’ event?

Join our free newsletter for daily crypto updates!