Jupiter DEX Aggregator Launches New Campaign for Active Staking Rewards

Jupiter DEX aggregator has prepared 50M JUP and 7.5M CLOUD for its next round of voting and active staking.

Jupiter DEX aggregator is preparing another batch of 50 M JUP and 7.5 M CLOUD for the next round of community votes and active staking. The current claims window will be open until December 31st, covering the previous community votes, while Jupiter invites both organic and incentivized activity.

The DEX aggregator also features multiple trading tools, which can be used to complete the airdrop tasks. For now, it is still up in the air whether the project will decide to do another Jupuary, or focus more on the Active Staking Rewards (ASR).

The current rewards will be locked as part of the user’s staked balance, while rewards in CLOUD or other tokens from the LFT launchpad projects will be sent out directly. Jupiter also aimed to get as many users as possible to vote and engage actively, rather than simply holding more JUP. The project also distributed the remaining JUP from the 2024 Jupuary for another year in active staking rewards.

The ASR are added to existing user stakes and can be released with the usual 15-day cooldown period. Jupiter aims to strike a balance between releasing new tokens and making more gradual additions to the free float. At the same time, the community is faced with the dilemma of choosing either high rewards or a more scarce JUP token with more staking and lockups.

The ASR program began with six-month periods, offering up to 100 M tokens. The program aims to go beyond the airdrop rewards, but instead give more JUP to those who are interested in the ecosystem and ready for long-term participation. Jupiter aims to lock in its value and avoid selling on the open market, while the project grows its influence on Solana.

Jupiter aims to balance the community and team stakes, with both controlling 40% of the tokens. So far, the Jupiter airdrop, ASR, and especially Jupuary were high-profile events that boosted demand for the native token.

JUP Benefits from Growth of Meme Token Trading

JUP trades in a range from just under $1 to $1.70, and at around $0.95 as of October 21st. The token has unlocked more than 67% of the available supply and is now aiming for general token stability to avoid a downward price spiral.

Jupiter remains the fourth-largest application on Solana, with $1.41 billion in reported value locked. Over the past month, Jupiter’s activity growth tracks the expansion of Raydium, which increased its total value locked by 73% in a month. Solana is also growing, with $6.26 billion in value locked as SOL recovered from its lows.

Solana carries around $2.5 billion in daily DEX trading volumes, of which Jupiter routs around $1.2 billion in daily trades. Most of the Solana activity is based on automated market makers, with only a small part matched through order books. Most of the active addresses on Solana posted activity with a value under $10, of which most targeted Raydium. Most of those addresses are considered low-volume traffic or even spam.

Jupiter Handles Token Trading Routes, Reflecting Heightened Activity on Raydium. As of October 14th, Jupiter aggregated more than 26 million transactions in a day. Most of those trades were under $100 in value, reflecting the new drive to ape into meme tokens. As a result, Jupiter also generates as much as $3.7 million in daily fees, even on a slower day. While Solana trading is driven by bots, Jupiter aims to tap a real community and increase engagement and personal investment features.

Jupiter Aims to Scale Solana, Driving Mass Adoption by Tapping Retail Users, Especially Small-Scale Meme Token Activity. Jupiter aims to deal with the biggest issues on Solana, including slippage, failed transactions, and optimizing fees.

Jupiter focuses on spot and perpetual futures trading, as well as offering all its services through mobile applications. The platform also added ApePro, a professional meme coin trading terminal. Jupiter also targets developers with the Metropolis API, granting access to liquidity data. Additionally, Jupiter supports the LPG launchpad for fair token distribution, bringing valuable partnerships.

Over the past year, Jupiter evolved from a small-scale experimental application to one of the pillars of the Solana ecosystem.