Solana-based decentralized exchange aggregator Jupiter is set to launch its highly anticipated “Jupuary” airdrop today, distributing approximately 700 million JUP tokens, valued at $616 million, to 2 million eligible wallets on the Solana network.
The airdrop follows Jupiter’s recent release of an eligibility checker that allowed users to verify their status and prepare to claim their rewards.
The airdrop rewards are allocated based on user activity and community engagement, divided into two primary groups: “users and stakers” and key contributors, referred to as “Carrots and Good Cats.”
- Token Swap Participants
- 425 million JUP tokens are reserved for users who engaged in token swaps on Jupiter.
- Distribution is determined by transaction volume, with users placed into tiers based on their activity.
- Stakers and Governance Participants
- 75 million JUP tokens are allocated to users who staked JUP tokens.
- Additional bonuses are awarded to those who actively participated in governance voting.
Airdrop Timeline and Future Commitments
This marks Jupiter’s second major airdrop, following the distribution of nearly 1 billion JUP tokens last year. The platform has pledged to conduct annual airdrops every January through 2027, making this a consistent event for the community.
Jupiter currently has a circulating supply of 1.68 billion JUP tokens, with a maximum supply of 10 billion tokens. The platform’s market capitalization stands at $1.48 billion, with JUP trading at $0.88 per token, reflecting a 33% price increase since its initial rollout in January 2024.
Jupiter’s Role in the Solana Ecosystem
Founded in October 2021 by an anonymous developer known as “Meow”, Jupiter serves as a liquidity aggregator, consolidating assets from multiple decentralized exchanges on Solana. The platform also offers a perpetual trading product, enhancing its functionality within the DeFi space.
With the “Jupuary” airdrop, Jupiter continues to strengthen its position as a leading DeFi platform on Solana. By rewarding active participants and contributors, the platform not only fosters user loyalty but also reinforces the value of its token, making it a significant player in the decentralized finance ecosystem.