🌐 Jupiter
It is a liquidity aggregation platform built on the Solana network, functioning as a unified bridge connecting various decentralized trading platforms to provide the best prices and least slippage when swapping cryptocurrencies on the network.
⚙️ How does it work?
- It aggregates liquidity from multiple sources such as
Raydium and Orca and Saber…
- It relies on a smart algorithm to analyze multiple paths and segment the transaction across various sources to obtain the best price.
- The transaction is executed at high speed and low cost due to Solana's high-performance architecture.
🪙 Role of Currency $JUP
- Governance: Grants holders of the currency the right to vote on development decisions and system updates.
- User Incentives: Awarded to customers and contributors as rewards for using the platform.
- Funding the platform's future: Contributes to supporting the development budget and system fees in the future.
- All-time high value: Estimated at around $1.84, making the current price level approximately 78% lower.
✨ Why does it represent an opportunity?
- Growing popularity: Features extremely high daily trading volume on the Solana network - about one billion dollars daily.
- Advanced features: Includes limit orders, time-based distribution strategy.
- Forward-looking vision: With the expansion of infrastructure and the introduction of services like
Jupiter Lend
it becomes more attractive to traders and investors.
