Meme Coin WEN’s Airdrop Impact: Jupiter Trading Volume Surpasses Uniswap? Solana’s New Address Reaches Historic High
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Benefit from $WEN airdrop, Jupiter trading volume surpasses Uniswap?
Solana registers record number of addresses
Benefit from $WEN airdrop, Jupiter trading volume surpasses Uniswap?
Before the official launch of native token JUP on Jupiter, a popular Solana-based exchange, the founder announced the airdrop of a new token called $WEN. Eligible users can receive 643,652 WEN tokens.
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Jupiter (JUP) token to be issued soon, announces airdrop of new meme token $WEN, users can receive 643,652 tokens.
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After the opening of WEN claims, the trading volume on Jupiter experienced a short-term surge, even “seemingly” surpassing the well-established decentralized exchange Uniswap v3. However, the results from various data platforms differ slightly.
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According to CoinGecko:
Jupiter 24-hour trading volume: $513 million
Uniswap 24-hour trading volume: $479 million
According to the respective platform websites of Uniswap and Jupiter:
Jupiter 24-hour trading volume: $572 million
Uniswap 24-hour trading volume: $514 million
Note: Uniswap v2 trading volume also amounts to $93.46 million.
For comparison, Jupiter’s December trading volume was $16.6 billion, while Uniswap v3’s was $16.7 billion. The popular data platform DefiLlama does not list Jupiter’s data, but Dune shows that Jupiter’s daily trading volume is $403 million, which is slightly lower than Uniswap.
Jupiter trading volume on Dune
Solana registers record number of addresses
The Block also cites data from its own platform, indicating that Solana’s trading volume has reached its highest level since October 2022, and the daily registration of new addresses has also hit a historical high (see figure below), surpassing the record in May 2022.
Solana new address count
Jupiter
Solana
Uniswap
Further reading:
Jupiter (JUP) token to be issued soon, announces airdrop of new meme token $WEN, users can receive 643,652 tokens
Solana’s active on-chain ecosystem, largest aggregator protocol Jupiter prepares for airdrop.
