1️⃣ Project Description
Jupiter is a decentralized exchange on the Solana blockchain. This provides all the resulting factors of security and huge network speed, as well as low fees. For an exchange bridge between different blockchains, these are significant advantages.
Besides the bridge, the project has a number of DeFi products, such as: DCA (Dollar Cost Averaging) and TWAP (Time-Weighted Average Price), which mitigate the impact of market volatility by distributing trades over time. There is also the Jupiter Bridge Comparator, which finds the most profitable routes for transfers between networks, making the product as versatile as possible.
2️⃣ Partners and Investors
In total, Jupiter has over 80 partnerships with various projects: from wallets and DEX to the gaming industry and NFTs. Recently announced a partnership with Sanctum to introduce a debit card based on SOL.
A strong statement: besides being DeFi, it also means that you will be able to spend your crypto in everyday life.
During the IDO in January of this year, they raised $137.5 million.
3️⃣ Evaluation and Potential
In the past 24 hours, the volume that passed through the project amounted to nearly $1.6 billion for 3.7 million exchanges. Over time, these figures amount to $323 billion and $663 million respectively.
The numbers speak about the project like no one else.
A multitude of functions, partners, users, and new technologies that the project represents will certainly prevent it from failing. A strong community supports it very well.
4️⃣ Roadmap
The project launches the Jupiter LFG Launchpad - the first and only launchpad on Solana that uses a new and revolutionary mechanism called the Dynamic Liquidity Management Mechanism (DLMM). This ensures fair token distribution as they reflect the true value and demand for the project and its tokens.
💦 Output
JUP looks like an incredibly promising project, considering the roadmap and the partnerships they are making. Given the state of the market, I would buy this coin for my portfolio.
Get detailed information about the project – Website, Investors, Interim Results and Plans
Traded on Binance, BingX, Bybit, Mexc, Gate, Bitget, KuCoin, OKX
