- Binance lists Jupiter (JUP) for trading, sparking a 57% price surge.
- Memeinator’s MMTR token presale sees remarkable success, raising over $4 million.
- DeFi projects like Jupiter and Memeinator shape the future of cryptocurrency.
The latest developments in the cryptocurrency market have sparked excitement among investors as Binance announces the listing of Jupiter (JUP) while Memeinator (MMTR) showcases remarkable progress through its presale stages.
Let’s delve into the details of these significant milestones shaping the DeFi landscape.
JUP token Airdrop
Jupiter, operating on the Solana blockchain, has garnered attention for its multifaceted approach to decentralized finance (DeFi) since it was launched in October 2021. The protocol touts itself as Solana’s first on-chain swap aggregator and it offers a range of services including decentralized exchange aggregation, advanced trading options, and investment strategies such as Dollar-Cost Averaging (DCA).
Jupiter’s aggregator runs for free, but Jupiter charges fees on dollar-cost averaging (DCA) orders, perpetual swaps and limit orders on its exchange.
According to Dune Analytics, Jupiter handles roughly 65% of Solana DEX volume with a peak witnessed in November last year where it saw $16 billion up from $946 million in September and $3.9 billion in October.
In an exciting turn of events, Jupiter recently announced that it would launch its native JUP token on January 31 which will be accompanied by a community airdrop, opening up opportunities for nearly a million Solana wallets.
The JUP token airdrop comes on the heels of multiple other Solana ecosystem airdrops that played into a late 2023 Solana bull run and is poised to be one of the largest in 2024, reflecting the growing interest in the DeFi space.
Binance listing sends Jupiter (JUP) soaring
Binance, one of the leading cryptocurrency exchanges, has recently announced its decision to list Jupiter (JUP) for trading.
With the airdrop claim scheduled to commence, users can anticipate the listing of JUP on Binance Spot, with trading pairs including JUP/USDT, JUP/FDUSD, and JUP/TRY. Moreover, Binance will introduce the JUP/USDT trading pair on Isolated Margin, enhancing accessibility for traders seeking leverage trading opportunities.
The JUP price plateaued amid a shift in the spotlight to the approval of bitcoin ETFs in the US…