Read the profit status of Jupiter airdrop: nearly half of the addresses received US$127, and the highest profit for a single address exceeded US$130,000.

Written by: Frank, PANews

The Jupiter airdrop claim will begin at 10 a.m. on January 31 (US Eastern Time). The snapshot of this airdrop is as of November 2, 2023, with 955,000 directly interacting with JupiterwalletBe eligible to participate in the first JUP airdrop.

As of February 1, JUP airdrop claims reached 430,000 addresses, and nearly half of the users (250,000 claimed) have claimed 200 JUP, worth $127. The highest single address can claim 204,450 Xiaobai NavigationJUP, worth approximately US$130,000. Based on the unit price of US$0.62 at the time of writing, the total peak value of JUP’s airdrop in this round is as high as US$870 million, making it the largest airdrop since the beginning of 2024. Through this round of airdrops, JUP’s circulating market value has reached US$837 million, with a total market value ranking of 77 (Coinmarketcap ranking)

Accounting for the total 80% transactions on the Solana chain

Jupiter is positioned as Solana's liquidity infrastructure and currently accounts for 80% of the total transaction volume on the Solana chain. This is similar to what Uniswap does for Ethereum. In addition, with the surge of data on the Solana chain, Jupiter has now become the one with the highest monthly activityBlockchain DEX. The daily trading volume is only lower than Uniswap, ranking second.

Compared with traditional DEX tools such as Uniswap, Jupiter has several advantages in product design. In addition to the traditional Swap trading model, Jupiter's average cost method DCA allows users to implement more trading strategies. In addition, Jupiter also launched LP-Traders perpetualcontractexchange, which is infinitely close to CEX in terms of product functions, but retains the independent characteristics of DEX. As more and more users become accustomed to using Telegram bots for on-chain operations, Jupiter's openness and innovation can better cater to new needs.

The largest wealth-making airdrop in history?

Before JUP, Arbitrum and Optimism created the "wealth creation" effect of airdrops and made the public re-understand the charm of airdrops. In comparison, Arbitrum's largest single address can obtain 10,250 ARB, which is worth about $13,800 after the opening. Optimism's largest single address can obtain 32,432 OP, which is worth about $45,000 after the opening. In this round of JUP airdrops, the largest single address seen so far can claim 204,450 JUPs, with a value reaching US$130,000 after the opening. Judging from the highest profit-making address, JUP has become the new "King of Shorts" with the most wealth-creating effect.

However, judging from the profits of most addresses, the profit of Optimism's address 80% is about 700 US dollars, and the profit of Arbitrum's address 70% is about 1350 US dollars. The majority claim amount of JUP is 200 JUP, which is approximately $127. from this angle. The wealth creation effect of JUP is not obvious to ordinary interactive users.

Is airdrop season coming on Solana?

JUP's airdrop once again brought a wave of popularity to the Solana main chain. On the day when JUP opened the airdrop claim, the transaction volume on the Solana chain reached US$1.46 billion, an increase of 71% from the previous day.

In addition to JUP, airdrop projects on Solana have become dazzling stars many times in the past three months. In November 2023, the oracle project Pyth on Solana provided 250 millionTokenairdrop, distributing over $77 million to early users. In December, Jito, the liquidity staking protocol on Solana, issued 100 millionToken, worth approximately $450 million at its peak.

The cost of interaction on the Solana chain is much lower than that of Ethereum, so the threshold for interaction on Solana is relatively lower. This will also attract more project parties to turn to Solana and open airdrop plans. Subsequently, there are Drift Protocol, Kamino Finance, Tensor, and MarginFi that deserve attention for their airdrop status.

The article comes from the Internet:Read the profit status of Jupiter airdrop: nearly half of the addresses received US$127, and the highest profit for a single address exceeded US$130,000.

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