Solana

Jupiter

Uniswap

Gains

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/jupiter-gains-traction-on-solana-blockchain" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jupiter Gains Traction on Solana Blockchain</a><br></p>
<p style="text-align: justify">Jupiter, one of <a href="https://en.bitcoinhaber.net/solana-sees-13-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> Blockchain’s prominent decentralized finance (DeFi) protocols, achieved remarkable trading figures in November 2023, with volumes reaching $3.7 billion. This positions Jupiter among leading platforms such as Uniswap and 1inch, which reported $17 billion and $12.2 billion, respectively, during the same timeframe. The platform’s native token, JUP coin, is slated for listing on <a href="https://en.bitcoinhaber.net/binance-introduces-41st-launchpool-project-nfprompt-with-new-fair-mode" data-wpel-link="internal" rel="noopener noreferrer nofollow">Binance</a>, facilitating increased access and trading opportunities for users.</p>
<h2 id="how-does-jupiter-operate">How Does Jupiter Operate?</h2>
<p style="text-align: justify">Initially conceived as a liquidity aggregator akin to 1inch on Ethereum, Jupiter has since diversified its offerings. The platform now includes GMX-style perpetual futures trading and features a decentralized stablecoin. Its comprehensive suite on Solana encompasses aggregated decentralized exchange (DEX) services, limit orders, Dollar-Cost Averaging (DCA), bridge comparisons, and futures trading, making it a multifaceted DeFi solution.</p>
<h2 id="why-opt-for-susd-over-traditional-stablecoins">Why Opt for sUSD Over Traditional Stablecoins?</h2>
<p style="text-align: justify">sUSD distinguishes itself from well-known stablecoins like USDC and USDT by offering a fully decentralized alternative. Backed by Solana liquid staking tokens (LSTs), sUSD bypasses custodial and regulatory challenges associated with other stablecoins. It also provides interest-free loans, as the <a href="https://en.bitcoinhaber.net/sol-coin-faces-market-challenges" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a> used as collateral accrues yield, effectively covering minting costs without additional interest.</p>
<p style="text-align: justify">JUP coin empowers community governance within the Jupiter platform. Holders can participate actively in decision-making processes, including approving transactions and policy enforcement. As of the end of January 2024, JUP coin’s total supply is set at 10 billion, with 1.35 billion coins circulating initially.</p>
<p>– **Trading Volume:** $3.7 billion in November 2023.<br> – **Stablecoin Introduction:** sUSD offers a decentralized alternative.<br> – **JUP Supply:** Capped at 10 billion, with 1.35 billion circulating.</p>
<p style="text-align: justify">To acquire JUP coins, users can register on Binance, the leading cryptocurrency exchange by trading volume. JUP will be available in trading pairs such as JUP/USDT, JUP/FDUSD, and JUP/TRY. Post-registration, users can fund their wallets with either cryptocurrency or fiat currency and proceed to trade JUP on the platform.</p>
<p style="text-align: justify">Jupiter’s impressive trading volumes and strategic Binance listing underscore its growing significance in the DeFi landscape. By introducing new features such as a decentralized stablecoin, Jupiter continues to expand its influence within the rapidly evolving blockchain ecosystem.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/jupiter-gains-traction-on-solana-blockchain" data-wpel-link="internal" rel="noopener noreferrer nofollow">Jupiter Gains Traction on Solana Blockchain</a></h5>

Jupiter Gains Traction on Solana Blockchain

Table of Contents

BH NEWS

Other articles published on Sep 20, 2024

Circle and Sony Block Solutions Labs Partner to Boost USDC Adoption on Soneium

Bitget Becomes LaLiga’s Official Cryptocurrency Partner in $10M+ Deal

Ethereum and AAVE Investors Massively Impressed By This Altcoins Innovative Staking and Revenue S...

US Spot Bitcoin ETFs See $158.3 Million in Net Inflows on September 19, Led by ARK Invest and Fid...

4 Bullish Shiba Inu Signals as the SHIB Price Taps a 3-Week High: Details

Catizen (CATI) Price Soars Over 30% on Debut, Binance Expands Support

Join our free newsletter for daily crypto updates!