Bitget has recently launched trading for the Jupiter Token (JUP), a digital asset utilized on the Solana blockchain’s decentralized exchange known as Jupiter.
Trading for the Jupiter Token (JUP), a Solana blockchain’s DEX token, is now available on Bitget, a prominent Web3 and cryptocurrency exchange. The crypto community’s focus is on the anticipated airdrop and listing of the token, generating buzz within the Solana environment.
Heading into 2024, Solana shows promise for maintaining a robust presence in the market. The Chief Analyst at Bitget Research, Ryan Lee, has identified various factors that may influence Solana’s ongoing success. These include the broader economic landscape, its burgeoning DePin narrative — which stands for Decentralized Physical Infrastructure Networks — and the role of its DeFi ecosystem, including Jupiter. There’s a noticeable uptick in airdrops from different DeFi projects to their users within the Solana network, aligning with an increase in Total Value Locked (TVL). The year 2024 may witness even more DeFi protocols on Solana issuing tokens, thereby attracting even more users to the ecosystem.
Jupiter’s design is specifically engineered to streamline trading across diverse decentralized exchanges on Solana’s blockchain, creating a comprehensive platform that consolidates liquidity from various Solana-based DEXes. This enables optimized trading outcomes such as the best pricing and reduced slippage for users.
Jupiter (JUP) can be found within the Bitget Innovation Zone, which is dedicated to Solana’s Ecosystem and DeFi projects.
The Bitget Innovation Zone specializes in the spotlighting of tokens in their initial listing phase, providing a 60-day assessment term for newly added trading pairs. This allows members of Bitget to engage in trading the latest tokens conveniently. Throughout this evaluation period, the digital assets are scrutinized to ensure they meet the platform’s quality standards.
It’s essential for investors to recognize that emerging markets are prone to high volatility. As such, they should be meticulous with their risk management strategies and pursue educational resources before making investments.
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Why Solana is drawing attention again? Solana has a strong market position with a US$31.8 billion market cap and a TVL of US$1.059 billion, with promising prospects for maintaining its growth.
Understanding the SLP-20 Token Standard: Transforming the Solana Blockchain – SLP-20, meaning Solana Program Library-20, introduces an innovative standardized token format that’s reshaping how digital assets are managed on the Solana network.
Since its inception in 2018, Bitget, a global frontrunner in the cryptocurrency exchange domain, has been catering to over 20 million users across 100+ nations. Bitget empowers its users by offering intelligent trade options like its copy trading feature. Previously known as BitKeep, the Bitget Wallet is renowned for its comprehensive Web3 services that include a multi-chain crypto wallet, swap functions, NFT Marketplace, and DApp browsing, amongst others. Committed to crypto adoption, Bitget collaborates with reputable entities and is endorsed by celebrated Argentinian soccer star Lionel Messi as well as PGL, a prestigious eSports event organizer.
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