Binance Square
Home
Notification
Profile
Trending Articles
News
Creator Center
Settings
LIVE
LIVE
Crypto Empires
--・1.3k views
Jupiter Flips Uniswap By Trading Volume In the last 24 hours, trading volumes on Jupiter, the most popular decentralized exchange on the Solana blockchain, have reached $520M, outpacing Ethereum-based volumes on both Uniswap v2 and v3 protocols by $38M. Combined, Uniswap's trading volume amounted to only $492M during the same period. A significant portion of Jupiter's trading volume, over $50M, stemmed from traders engaging in transactions with Wen, a new memecoin available to Solana users who had interacted with Jupiter in the past six months, as well as owners of Saga phone. Despite the excitement surrounding Wen and the forthcoming airdrop of Jupiter's native JUP token, the majority of trading on Jupiter in the past day involved swapping $SOL for $USDC and $USDT, accounting for $191M. Pre-market $JUP tokens are currently trading at around $0.61, indicating that the anticipated total value of the 1B $JUP token airdrop could exceed $600M at current prices… #Write2Earn

Jupiter Flips Uniswap By Trading Volume

In the last 24 hours, trading volumes on Jupiter, the most popular decentralized exchange on the Solana blockchain, have reached $520M, outpacing Ethereum-based volumes on both Uniswap v2 and v3 protocols by $38M. Combined, Uniswap's trading volume amounted to only $492M during the same period.

A significant portion of Jupiter's trading volume, over $50M, stemmed from traders engaging in transactions with Wen, a new memecoin available to Solana users who had interacted with Jupiter in the past six months, as well as owners of Saga phone.

Despite the excitement surrounding Wen and the forthcoming airdrop of Jupiter's native JUP token, the majority of trading on Jupiter in the past day involved swapping $SOL for $USDC and $USDT, accounting for $191M.

Pre-market $JUP tokens are currently trading at around $0.61, indicating that the anticipated total value of the 1B $JUP token airdrop could exceed $600M at current prices…

#Write2Earn

Disclaimer: Includes third-party opinions. No financial advice. See T&Cs.
0
Replies 1
Explore Content For You
Sign up now for a chance to earn 100 USDT in rewards!
or
Sign up as an entity
or
Log In
Relevant Creator
LIVE
Crypto Empires
@Crypto_Empires

Explore More From Creator

#Bitcoin    has completed its 4th halving. The REWARD HALVED TO 3.125 #BTC  #bitcoinhalving
--
Bitcoin Halving to 3.125 #bitcoinhalving
--
Bitcoin Inscriptions Surpass 60 Million The integration of the Ordinal Theory protocol, and the consequent use of Inscriptions in the Bitcoin ecosystem, have significantly altered the transaction dynamics over the past year. Since starting in January 2023, the total number of inscriptions has gone way up, hitting over 60 million. Text data is the main source, going over 50 million. The daily count varies, ranging from over 400,000 to less than 100,000. From November 2023 to January 2024, more inscriptions led to higher fees for miners. Miners got a total of 3,588 Bitcoin from these inscriptions. There's a notable increase in the "other" category, suggesting attention. This could include software code, digital signatures, legal documents, or any data users want to permanently put on the blockchain…
--
Bitcoin ETFs’ Trading Volume Exceed $30B The cumulative trading volume of spot Bitcoin ETFs has surpassed $30B, marking a significant milestone in this emerging market. In the first month alone, there was a notable $1.5B net inflow, equivalent to around 32k $BTC. There has been a shift in dominance among these Bitcoin ETFs, with the GBTC losing its initial supremacy. GBTC, which initially represented almost 50% of the volume on its opening day, saw its market share decrease to 38%. BlackRock’s $IBIT and Fidelity’s $FBTC ETFs have experienced a growth in their market shares, with ~25% and 20% increases, respectively. This shift is primarily attributed to more competitive fee structures; GBTC charges 1.5% in fees, while FBTC and IBIT offer a more attractive rate of 0.25%. GBTC, which held 620k $BTC before the ETFs started trading, now holds around 477k $BTC, reflecting a 26% decrease from its peak. Despite a gradual deceleration in outflows, there is still persistent sell-off pressure within GBTC…
--
Will Bitcoin Follow Its Previous Trajectories? The current price action in BTC, based on the pre-halving year low, is tracking similarly to the movements observed in 2015 leading up to the 2016 halving and in 2019 leading up to the 2020 halving. After 364 days from the 2023 low, the BTC price has rebounded by 154%, compared to 151% from the 2015 low and 186% from the 2019 low at the same point in time. The previous three halving events occurred between 376 and 542 days after the low was reached: the 2012 Halving took place 376 days after the 2011 low, the 2016 Halving occurred 542 days after the 2015 low, and the 2020 Halving happened 459 days after the 2019 low. Anticipated for 467 days after the 2023 low, the 2024 halving is expected to fall within 75 days of the 2016 halving date from the low and within 8 days of the 2020 halving from the low. This will be the true start of the bull market, as historical data shows a bullish trend starting right after the halving…
--

Latest News

Federal Reserve Likely To Maintain Interest Rates In May And June
--
Tokenization Firm Securitize Raises $47 Million in Strategic Financing
--
A16z Allegedly Purchased OP Tokens Worth $90 Million
--
Web3 Wine Market Baxus Raises $5 Million in Funding Round Led by Multicoin Capital
--
Tether Forecasts Over $45.2 Billion Net Profit in Q1 2024
--
View More
Sitemap
Cookie Preferences
Platform T&Cs
Sitemap
Platform T&Cs
ba-one-trust-cookie