People often ask me why I like @JupiterExchange and @weremeow so much. I have summarized 5 reasons and today I will analyze them in more detail.

1. Solana’s dex top spot

Jupiter is the undisputed leader of Solana's dex, and most on-chain transactions are completed through Jupiter. In fact, if you want to dig deeper, Jupiter is an aggregator that combines Solana's dex such as raydium and orca to find the cheapest path. The dex built into Solana wallets such as phantom and backpack is Jupiter. The experience is very smooth (if you have played raydium, orca, etc., you will know the difference).

With the rise of Solana ecosystem, Jupiter's trading volume even far exceeded the most powerful uniswap used by countless EVM chains some time ago. You can check the market value gap between UNI and JUP to see how much JUP is undervalued.

2. Improvement of Defi functions

Most people are still using centralized exchanges, and few are using decentralized exchanges, because centralized exchanges have more complete trading functions, while dex is still difficult to use except for playing with early on-chain projects. Jupiter's defi function is extremely complete, not only has swap, but also has price limit purchase, fixed investment strategy, cross-chain bridge, perpetual, etc. It covers almost all the commonly used functions of cex, which is obviously much stronger than other dex that only have trading functions.

Combined with Solana's unique low gas and large pool (for some trading pairs), if the transaction volume is large, it is entirely possible to achieve a transaction fee lower than CEX.

3. JUP Empowerment Program is Excellent

You can look at my previous complaints about the UNI empowerment plan. Uni's empowerment method of relying on the income from the LP handling fee is very unscientific. First of all, Uni's LP is not profitable now, and the LP handling fee is a compensation for the risk of impermanent loss. The risk of losing money in a small pool of LP is not low. If you insist on allocating this part of the handling fee to Uni's pledgers who have done nothing, it is obviously unfair, and it is also very likely to drive away this part of Uni's financial sponsors, which will ultimately be counterproductive.

JUP's empowerment plan is obviously a level better. It does not compete with LP for money, but "monetizes traffic". LFG is a launchpad event of Jupiter. The first issue of @ZeusNetworkHQ is of very high quality. JUP has become a benchmark product of BNB. Solana's BNB is not an exaggeration. The specific implementation logic is Jupiter DAO. By staking JUP, you can obtain voting rights and select high-quality projects to be launched on the launchpad. In order to get a chance to qualify, competing projects may "bribe" voters to gain greater support. In this way, the project party obtains huge traffic and real support from the DAO, JUP pledgers receive generous rewards, and the price of JUP rises due to the golden shovel effect, forming a win-win situation.

4. JLP product design is excellent

In my opinion the JLP is a better designed GMX.

Jupiter's perpetual is still in beta testing, so it only supports BTC, ETH, and SOL contracts, and it is estimated that there will be more in the future. But unlike most perps that only support USDT and USDC as margin, Jupiter supports most Solana currencies; and the leverage that can be opened is up to 100 times; the regular interface is well done, and the stop-profit and stop-loss functions are also OK, which greatly facilitates the operation of the contract gambling dog chain.

Of course, I am still talking about the coin JLP. If you check the price timeline of JLP, you will find that it has risen like a Pixiu, and has been rising slowly. The annualized rate of 226% is not just talk. First of all, JLP is a mixed index fund of various major currencies, which is very stable in itself. Second, JLP is a "joint dealer" model like GMX, providing liquidity to the contract market and attracting gamblers to play. Under normal circumstances, gamblers will lose, and the money lost is the money earned by JLP holders. At the moment when the Solana ecosystem is extremely hot, there are many traders who come to send money. Third, the product is very simple. All you have to do is buy and hold JLP, without any additional operations. Because 70% of the money earned by the protocol will automatically repurchase JLP. It can be said that in the absence of systemic risks, JLP can continue to rise slowly.

5. The founder and team will cause trouble

The founder is @weremeow, who has 626,000 followers, much higher than @JupiterExchange's 394,000 followers. His mass base and popularity around the world are also at the T1 level.

The founder and the team also have a deep understanding of meme. When the jup airdrop test was launched, a mock JUP was launched, and then it was launched; before the jup airdrop, a @wenwencoin was launched, and everyone who has used Jupiter has it, and then it was launched. Now wen cats and cats are still under construction, and they are the backbone of the cats and dogs vs cats and cats camp in the meme circle. In Solana's meme season, both the Jupiter exchange and the meme coins they issued have received great attention. Musk said: "Whoever controls the meme controls the world." Understanding memes is extremely important for the web3 team.

Creation is not easy, I hope this article is helpful to everyone, welcome to like and forward, and welcome to follow me on Twitter @wsjack_eth Thank you 🥰