Jupiter announces second JUP airdrop

Jupiter is a decentralized exchange (DEX) aggregator built on the Solana blockchain.

It acts as an intermediary for cryptocurrency traders, optimizing swap routes among various liquidity sources, including other DEXs and Automated Market Makers (AMMs).

The platform aims to provide users with the best possible swap rates.

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Jupiter has announced details of its upcoming airdrop of $575 million worth of JUP tokens, which serves as the protocol’s governance token.

This second airdrop, part of the annual "Jupuary" event, will occur ahead of Jupiter's "Catstanbul" conference on January 25-26 in Istanbul. Here are the key details:

Airdrop Allocation

Out of the total 700 million JUP tokens:

• 440 million tokens are reserved for users.
• 60 million tokens are designated for stakers.
• The remaining tokens are earmarked for growth campaigns aimed at user acquisition.

User Rewards and Tiered Distribution

The airdrop rewards will be tier-based depending on user activity types, such as swapping tokens or testing new products. Notable details include:

• Expert Traders:
• Top tier: 300,000 JUP (~$246,000).
• Lowest tier: 20 JUP (<$20).
• Swap Users:
• Top tier: 20,000 JUP (~$16,400).
• Lowest tier: 25 JUP (~$20).
• Addresses participating in multiple activities will receive combined allocations.

This approach ensures a more balanced distribution, avoiding a scenario where a small number of users claim the majority of tokens.

Airdrop’s Objectives

Jupiter aims to:

• Reward early adopters and loyal users.
• Incentivize new users to join the protocol.
• Educate the community about decentralized finance and Jupiter's ecosystem.

Previous Airdrop Success

The protocol's first airdrop in 2024 saw 955,000 wallets qualify for a share of 1 billion JUP tokens. The success of this initiative set the foundation for the 2025 distribution.

Market Context

• Jupiter ranks as the second-largest DeFi protocol on Solana with a total value locked (TVL) of $2.5 billion, following liquid staking provider Jito.
• As of January 16, 2025, JUP has a market cap of $1.09 billion. This makes JUP the world's 96^th most valuable crypto by market cap. 

The "Jupuary" events remain an important initiative for Jupiter to drive community engagement and growth within the DeFi ecosystem.