Jupiter (JUP)

Jupiter (JUP) - started with the goal of creating the most efficient swaps infrastructure in Solana

**Explorador Documentación Técnica**

Jupiter (JUP) is part of Solana and started with the goal of creating the most efficient swap infrastructure.
It became very popular because 50% of its supply was distributed in an ambitious Airdrops program.
Its JUP token is used to pay for services within Jupiter dApps, such as transaction fees and messaging services .

Key Metrics of Jupiter (JUP)

Untitled

https://www.trubit.com/pro/crypto-spot-trading/JUP/USDT

What is Jupiter (JUP)?

Jupiter (JUP) is a blockchain and ecosystem that runs through Solana, having as its main differentiator that it calls itself 'the People's Blockchain', mainly because of its freedoms.

Similar to 1inch on Ethereum, Jupiter aggregates liquidity from various DEX to make the task of investing in DeFi simpler, allowing to get the best rates and minimize slippage risks.

Launched in October 2021, the project has evolved from its initial focus on asset exchange into a comprehensive ecosystem. It offers advanced features such as limit orders and dollar cost averaging (DCA) to automate broad-based investment strategies.

The motivation behind Jupiter may have been the need to improve security and privacy in digital communication and data storage by leveraging the intrinsic features of blockchain technology, such as decentralization and encryption.

Jupiter started with the goal of creating the most efficient swap infrastructure in Solana. Today, it is considered a “full stack” ecosystem that includes multiple projects, such as liquidity pools and the LST stablecoin.

The launch of its JUP token attracted a great deal of attention, positioning it as one of the largest airdrops on the Solana network. This popularity is due to the fact that the Jupiter team started creating mystery on networks, releasing images, wallpapers and more, adding followers in no time.

Jupiter (JUP): What makes it different and why invest?

Jupiter relies on its native token, JUP, to facilitate transactions within its network, as well as to incentivize users and developers participating in the ecosystem. JUP is used to pay for services within Jupiter's dApps, such as transaction fees and messaging services.

The project has also expanded into other frontiers. One of the important applications within the Jupiter ecosystem is Metis Messenger, a messaging service that promises high security and privacy, using blockchain to encrypt messages.

Jupiter (JUP) features these main functions:

Exchange and Swaps: Jupiter combines liquidity from various AMMs and DEX, optimizing order execution.
Liquidity Pool and Perpetuals Exchange: Jupiter allows liquidity providers to participate in its perpetuals exchange, offering leverage of up to 100x, which generates additional revenue for LPs, being one of the largest.
Stablecoin LST: Jupiter will launch an overcollateralized stablecoin, backed by Solana liquid staking tokens, generating yield for holders of sUSD, the project's stablecoin.

With a total supply capped at 10 billion tokens, 50% is earmarked for the community through airdrops and other incentives, but is now available at.

Jupiter (JUP) Community and Social (JUP)

Twitter

Other listings available in TruBit Pro 👇

▷ ApeCoin (APE) | What is and Price | Available in TruBit Pro

ConstitutionDAO (PEOPLE) | What it is and the price TODAY | 2024

Memecoin (MEME) | What It Is | Price in 2024