The Jupiter airdrop claiming began at 11 PM on January 31, with eligibility based on a snapshot taken on November 2, 2023. Approximately 955,000 wallets that interacted directly with Jupiter qualified for the first JUP airdrop.
By February 1, 430,000 addresses had claimed their JUP tokens. Key findings:
- Nearly half of users (250,000 claimants) received 200 JUP (~**$127** at $0.62 per token).
- The top single address claimed 204,450 JUP, worth ~$130,000.
- At its peak, the airdrop’s total value reached $870 million, making it the largest airdrop of 2024.
- JUP’s circulating market cap hit $837 million, ranking it 77th by total market cap (CoinMarketCap).
👉 Explore Jupiter’s trading platform
Jupiter Dominates 80% of Solana’s Transaction Volume
As Solana’s liquidity infrastructure, Jupiter handles 80% of the network’s trading volume, akin to Uniswap’s role on Ethereum. It’s now the most active blockchain DEX monthly, with daily volumes second only to Uniswap.
Key Innovations:
- DCA (Dollar-Cost Averaging): Enables automated trading strategies.
- LP-Traders Perpetual Exchange: Blends DEX independence with CEX-like features.
- Telegram Bot Integration: Aligns with growing demand for on-chain automation.
Is This the Largest Wealth-Creating Airdrop?
Comparisons to past major airdrops:
- Arbitrum: Top address = 10,250 ARB (~$13,800 at launch).
- Optimism: Top address = 32,432 OP (~$45,000 at launch).
- Jupiter: Top address = 204,450 JUP (~$130,000).
However, most Jupiter claimants earned $127**, significantly lower than Optimism’s **$700 for 80% of addresses or Arbitrum’s $1,350 for 70%.
Solana’s Airdrop Season Heats Up
JUP’s airdrop spurred Solana’s daily trading volume to $1.46 billion (+71% overnight). Other notable Solana airdrops:
- Pyth (November 2023): $77 million distributed.
- Jito (December 2023): ~$450 million at peak.
Upcoming Projects to Watch:
- Drift Protocol
- Kamino Finance
- Tensor
- MarginFi
👉 Stay updated on Solana’s latest airdrops
FAQ
Q: How much did the average Jupiter airdrop claimant earn?
A: ~$127 (200 JUP).
Q: What’s Jupiter’s role in Solana’s ecosystem?
A: It’s the primary liquidity aggregator, handling 80% of network transactions.
Q: Are more Solana airdrops expected?
A: Yes, projects like Kamino Finance and Tensor are likely candidates.
Q: Why is Solana popular for airdrops?
A: Low interaction costs vs. Ethereum attract both users and projects.
Disclaimer: This content is for informational purposes only. Always conduct independent research before investing.
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