Jupiter Launches JUP Token with $1 Billion Market Cap on Solana-based DEX Aggregator
Jupiter, a decentralized exchange aggregator based on Solana, has launched its JUP token with a market cap of just under $1 billion. The platform is currently doing more 24-hour volume than Uniswap, the largest DEX on Ethereum. JUP has a maximum circulating supply of 1.35 billion, with team vesting starting in the second "Jupuary." The token distribution plan includes a buffer of 33 million JUP tokens that are not part of the airdrop, and the team is considering distributing more tokens to users every January 31.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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