Solana based Jupiter airdrop has generated substantial excitement, driving decentralized exchange (DEX) trading activity on the layer1 blockchain network beyond that of Ethereum. Data from DeFi Llama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period.
This achievement underlines the remarkable growth and widespread adoption witnessed within Solana’s DeFi ecosystem, capturing the crypto community’s attention. Notably, last December marked the first instance of Solana DEXs outpacing Ethereum, propelled by heightened memecoin and stablecoin activity. Data from DeFillama shows that Solana-based DEXs facilitated trades totaling $1.14 billion in the last 24 hours, surpassing the approximately $1.13 billion traded on Ethereum-based platforms during the same period.
On Jan. 31, decentralized exchange aggregator Jupiter executed a noteworthy airdrop, distributing approximately $700 million worth of its native token, JUP, to nearly a million wallets. The trading platform is the most dominant protocol on Solana, facilitating trades worth $11 billion in January. Its airdrop garnered substantial attention from the crypto community, leading to rapid listings on major centralized exchanges like Bybit and Binance.
On its first trading day, the asset witnessed an impressive volume surpassing $1.4 billion, propelling the token’s value to a peak of $0.72 before settling at $0.62 as of press time..
Thirty-nine U.S. state banking associations are joining forces to build their own nationwide blockchain network,…
StarkWare says it has successfully executed the first quantum-resistant Bitcoin transaction on the Bitcoin mainnet,…
An independent investigation into OpenAI’s recent Hugging Face security incident found something far stranger than…
The anonymous hacker behind a wave of Grand Theft Auto VI leaks appears to have…
Coinbase and Better Mortgage are making token-backed mortgages broadly available to Coinbase One members, allowing…
Grayscale has officially launched the first U.S.-listed exchange-traded product dedicated solely to Zcash, bringing the…