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

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