As Jupiter Airdrop approaches, Solana flips Ethereum in DeFi trading.

As Jupiter Airdrop Approaches, Solana Flips Ethereum In Defi Trading.



Token transaction is enabled. Solana Decentralized exchanges are briefly overturned Ethereum As an exchange in December Meme coin mania rageAnd now it's happened again—this time with an airdrop for the upcoming token.

Starting Sunday night, the 24-hour trading volume based on Solana Decentralized exchanges (DEXes) increased Ethereum exchanges, according to the data DeFi callAt about 705 dollars in Solana during the period compared to 698 million dollars in Ethereum.

Ethereum is back up at this writing, but the networks remain close: DeFi Lama shows about $742 million in Ethereum DEX trading in the last 24 hours, while Solana is stable at around $705 million. Ethereum is the most advanced in seven-day volume, however, at $8.9 billion, $4.5 less than Solana.

Even so, recent short-term changes suggest that long-time dominant Ethereum is under pressure from Solana, as the rival chain offers much cheaper and faster transactions. That was the case when they traded in Solana Mem Coins in December Bonk And Dogwhiphat (YF) DEX helped raise the volume.

Binance

Now, the launch of JUP, the official token of the criminally popular Solana decentralized exchange aggregator Jupiter, seems to be nearing. is it. It was set for the first time on Wednesday. About one million wallets eligible to claim a share of JUP tokens.

From the information base CoinGeckoSolana's trading volume on Jupiter is greater than Ethereum's DEX leader Uniswap V3 By late Sunday, though, like most of the chains, those locations had changed since Monday morning.

Uniswap V3 has over $629 million worth of trading volume in the last 24 hours and Jupiter has around $571 million in DEX trades on Solana during that time.

It's unclear, though, whether the recent tradeoff will result in Jupiter's airdrop eligibility as per the protocol. Screenshots of previous users. On November 2. Some 955,000 wallets are said to be eligible for the final fall, which will now take place on Wednesday. However, Jupiter has more signs planned for future airdrops.

Jupiter launchpad is used Last week's WEN meme coin dropped As a test before the JUP drop. Despite the claim, over a million wallets were eligible for the WEN airdrop. It only lasted until Monday morning-Over 280 billion WEN remain unclaimed.

Edited by Ryan Ozawa.

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