Solana Jupiter surpasses Uniswap in first place for the first time due to special demand for meme coin “$WEN”

Ranked first in volume

The trading volume of Solana (SOL)-based virtual currency DEX aggregator “Jupiter Exchange” has surpassed Ethereum’s major DEX Uniswap to take first place since the night of the 27th, and it still holds that ranking.

Source: CoinGecko

The main reason behind the increase in trading volume was the debut of the meme coin “$WEN”, and a large-scale virtual currency airdrop was held on Jupiter at midnight on the 27th. This issue was issued by the NFT platform Ovols and was targeted at approximately 1 million addresses.

1 address = 643,652 $WEN granted, which is $95.8 at the current price.

The most traded pair on Jupiter is SOL/USDC. $WEN/USDC is currently in 4th place with a 24-hour trading volume of $35 million.

The launch of $WEN was also a stress test for the JUP token launch on February 1st. Regarding JUP, airdrop will be held from 0:00 on February 1st. Centralized exchanges such as Bybit have already announced their listing plans.

connection: First large-scale airdrop “$WEN” on Jupiter Exchange, price soaring 566%, Solana network operating normally

Solana new addresses increase rapidly

With the launch of $WEN and the upcoming JUP loan scheduled, Solana’s daily number of new addresses hit a record high (450,000) yesterday as a 7-day average.

Source: The Block

There is a deadline for acquiring $WEN, which is until midnight on the 30th. Unclaimed tokens are then burned.

The WEN Foundation has created a new NFT standard called “WNS 0.0” based not only on meme coins but also on the new Solana token extension.

The cat is cute, but the cat has a lot more on its plate.

The Wen Foundation’s first contribution is Wen New Standard (WNS), an open source NFT standard meant to be expanded by any and all members of the community.

WNS is a distributed coalition of ecosystem partners, beginning… pic.twitter.com/q1GhrcVcF5

— $WEN (@wenwencoin) January 29, 2024

In the Solana blockchain ecosystem, the popularity of meme coins, as well as point systems implemented by various projects such as Pyth and Tensor, are also attracting interest and funding from other blockchains. According to recent data from Wormhole (Token Bridge), approximately $26 million has been shifted out of Ethereum mainnet.

connection: From Ethereum to Sui to Solana: Liquidity shift and the latest trends in DeFi

connection: Helium mobile partnership, Solana token extension, etc. | Summary of Solana related project announcements

connection:Solana (SOL) | Investment information/real-time price chart

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