{"id":10796,"date":"2024-01-31T23:03:18","date_gmt":"2024-01-31T23:03:18","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10796"},"modified":"2024-01-31T23:03:33","modified_gmt":"2024-01-31T23:03:33","slug":"jupiter-jup-project-a-layer-1-protocol-for-dapps","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/jupiter-jup-project-a-layer-1-protocol-for-dapps\/","title":{"rendered":"Jupiter (JUP) Project: A Layer-1 Protocol for Dapps"},"content":{"rendered":"

The Jupiter (JUP) project is a Layer-1 protocol that aims to create and store decentralized applications on the Solana network. Jupiter also offers users advantages such as DEX aggregation, futures, and decentralized stablecoin liquidity pools. Additionally, it aims to offer many features such as limit orders, dollar-cost averaging (DCA), and bridge transactions.<\/p>\n

\n

You might like:\u00a0BREAKING NEWS | Was Ripple (XRP) Hacked?<\/em><\/strong><\/span><\/a><\/p>\n<\/blockquote>\n

\n
\n

Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • What Does the Jupiter (JUP) Project Do?<\/a>
    • Tokenomics<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n

      <\/span>What Does the Jupiter (JUP) Project Do?<\/span><\/span><\/h2>\n

      In just November 2023, Jupiter processed $3.7 billion in transaction volume. According to data from the crypto data platform Dune, Jupiter has become the fastest-growing and largest DeFi protocol on Solana by transaction volume.<\/p>\n

      \n

      State Of Jupiter: Jupuary 2024<\/p>\n

      1. Most used trading platform in defi
      2. Direct 80% of organic volume
      3. Most used program in Solana
      4. Top 2 by vol on Coingecko
      5. Most integrated platform on Solana
      6. One of the top perp platforms ($1.4B volume last week)<\/p>\n

      Deets:\u2026 pic.twitter.com\/UEnwgyc2eu<\/a><\/p>\n

      — Jupiter \ud83e\ude90 (@JupiterExchange) January 30, 2024<\/a><\/p><\/blockquote>\n