Bankless The $JUP Airdrop with Jupiter founder Meow
Feb 2, 2024
Joining the conversation is Meow, the innovative founder of the Jupiter Project, a decentralized exchange on Solana. They discuss the astonishing $7 billion valuation of the $JUP token and the pivotal role of community in this success. The dialogue delves into Jupiter’s functionalities, trading dynamics, and plans for decentralization and innovation in Web3. Meow also shares insights on navigating token launches and the challenges of the Solana network while keeping the community engaged. A promising future lies ahead for Jupiter!
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Jupiter Overview
- Jupiter aggregates liquidity and offers swaps, limit orders, DCA, perps, a Solana gateway, and a launchpad.
- It leverages Solana's speed and low transaction fees, routing trades efficiently even for small amounts.
Jupiter Liquidity Sources
- Jupiter sources its own perp liquidity and launchpad liquidity from hosted teams. Swaps and limit orders aggregate liquidity from various Solana markets, including AMMs, CLOBs, and staking platforms.
- This diverse liquidity ecosystem is facilitated by Solana's low transaction costs.
Leveraging Solana
- Solana's low transaction costs allow Jupiter to execute complex trades cheaply. The platform also leverages Solana's diverse ecosystem of AMMs.
- Jupiter helps these AMMs gain exposure to retail flow, pushing the limits of Solana and acting as a testing ground for their stability.