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Solana Trading Aggregator Jupiter Sees Trading Volumes Jump Ahead of JUP Issuance
The platform settled over $500 million in trades on Sunday, briefly becoming the biggest on-chain trading platform.
Updated Mar 8, 2024, 8:36 p.m. Published Jan 29, 2024, 10:11 a.m.
Solana-based trading aggregator Jupiter settled over $500 million in trades in the past 24 hours ahead of its planned token issuance on Wednesday, overtaking Uniswap v3 to become the biggest trading platform by that metric.
Jupiter has 550 tokens and more than 5,550 trading pairs listed, CoinGecko data shows. The USD Coin (USDC)/Solana pair was the most active, with $166 million in volume. The platform routes orders to several Solana-based exchanges and executes the best available price for an asset when a trade is requested.
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Meanwhile, the memecoin issued last week by Jupiter developers chalked up about $150 million in trading volumes across two trading pairs. A claim period for wen tokens ends Monday.
Jupiter’s volumes leapfrogged Ethereum-based Uniswap’s v3, which saw $483 million in trades. Uniswap v3 is usually the biggest decentralized exchange (DEX) by volume.
Jupiter’s JUP tokens are expected to be issued on Wednesday. Nearly 1 million Solana wallets have qualified for a slice of the unusually large airdrop: 40% of JUP's total supply, a size that reflects Jupiter's popularity with traders.
Traders expect the tokens to boost activity on Solana, just as a Jito airdrop preceded a meme-coin frenzy on the blockchain in December. The increased demand contributed to Solana’s SOL prices nearly doubling in that month, even leading Solana’s flagship Saga phone to announce a second device on the renewed hype.
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Solana’s Drift Launches v3, With 10x Faster Trades
With v3, the team says that about 85% of market orders will fill in under half a second, and liquidity will deepen enough to bring slippage on larger trades down to around 0.02%.
What to know:
- Drift, one of the largest perpetuals trading platforms on Solana, has launched Drift v3, a major upgrade meant to make on-chain trading feel as fast and smooth as using a centralized exchange.
- The new version will deliver 10-times faster trade execution thanks to a rebuilt backend, marking the largest performance jump the project has made so far.
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