The airdrop will allocate 1 billion JUP tokens to community members. by Bessie Liu /. January 31, 2024 11:21 am. Solana, Jupiter and Adobe Stock modified by Blockworks. Transactions on the Solana blockchain have almost doubled minutes after the anticipated Jupiter airdrop.. According to the Solana explorer, transactions per second (TPS) on Solana went from roughly 1,900 to over 3,000 minutes following the airdrop.. Average ping time — the time between the initiation and completion of a process — has almost tripled, from roughly 20,000 milliseconds to over 60,000 milliseconds.. Jupiter is one of the largest liquidity aggregators on Solana, rivaling Uniswap v3 for trading volume.. According to Coingecko, Jupiter currently has a 24-hour trading volume of over $688 million while Uniswap v3 on Ethereum currently has a 24-hour trading volume of a little over $790 million.. This Genesis airdrop will allocate 1 billion JUP tokens to community members. Four future airdrops will occur on the same date over the next four years.. Read more: Understanding Jupiter’s tokenomics ahead of its first airdrop. The initial airdrop will be given to engaged users, and an estimated 955K wallets who have interacted with Jupiter before Nov. 2 will be able to claim eligibility.. According to Meow, 200 million tokens will be evenly distributed between all wallets, and 700 million tokens will be allocated based on a 4-tiered score distribution, with the top 2 thousand users receiving over 100,000 tokens each. Community members on Discord, X and other developers will receive the remaining 100 million tokens.. At the time of writing, the JUP token is currently trading at $0.689, with a market cap of $924 million.. Don’t miss the next big story – join our free daily newsletter.. Tags. airdrop. Jupiter. Solana. Newsletter. Blockworks Daily. Upcoming Events. Digital Asset Summit 2024. Hilton Metropole | 225 Edgware Rd, London. Mon – Wed, March 18 – 20, 2024. Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.. buy ticketslearn more. Permissionless III. Salt Lake City, UT. WED – FRI, OCTOBER 9 – 11, 2024. Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains . . learn more. recent research. Research. Synthetix is looking to capitalize on the success of Perps V2 in 2023 with a series of new chain deployments that improve upon the user experience, trial new collateral types beyond the SNX token, and incentivize innovation from third party teams and frontends.. by Westie. more from news. Select a tab. The airdrop will allocate 1 billion JUP tokens to community members. by Bessie Liu /. January 31, 2024. The so-called “gag-order” rule prevents those who settle with the regulator from claiming innocence or questioning the validity of the SEC’s allegations. by Casey Wagner /. January 31, 2024. Roughly two-thirds of the net profit was due to appreciation of the stablecoin issuer’s gold and bitcoin reserves. by Ben Strack /. January 31, 2024. ZachXBT flagged the outflows, which took place on Tuesday. by Katherine Ross /. January 31, 2024. Battle between the asset management and brokerage giants is likely to persist long-term as the firms benefit from their distribution networks. by Ben Strack /. January 30, 2024. The SEC told the court that, while it made a mistake, dismissing these charges should be the only sanctions they face. by Casey Wagner /. January 30, 2024