Jupiter Exchange has reached a significant milestone. It surpassed all other chain aggregators combined in 24-hour trading volume, hitting $1.981 billion. Notably, this achievement comes despite Jupiter operating solely on the Solana blockchain, according to Solana Floor, the leading source for Solana updates. This excellent performance points to Jupiter which is gaining market share by the day.
🚨 BREAKING: @JupiterExchange surpasses all other chain aggregators combined in 24-hour trading volume—despite operating solely on @Solana.
– Dominance: 62% all-time high pic.twitter.com/HkGwxVZhSU
— SolanaFloor (@SolanaFloor) October 24, 2024
Jupiter Exchange Sets New Standard with 62% Market Share
Jupiter DEX has achieved a record market share of 62%, which reflects its current market share. This information was provided by Solana Floor, which is the most popular site for getting informed about the Solana news. Other platforms are quite far from it. For instance, ODOS made a trading volume of $ 291.35 million. On the other hand, 1inch Network received $287.96 million.
Additionally, CoWSwap received $177.53 million, and OKX DEX received $104.59 million. Paraswap is the most traded platform with $99.79 million, followed by KyberSwap with $51.27 million. Last, Cetus ended the list with a total of $31.29 million.
Jupiter DEX Strengthens Solana’s Position in Crypto
This shows how Solana is dominated by Jupiter, by comparing the two, the difference is clearly depicted. The more traders increase in this platform it becomes stronger and stronger. As it stands, the proposition of Jupiter Exchange is still new and unproven as to how it will help shape the future of DeFi.
Finally, Jupiter Exchange is establishing new records in trading volume while further solidifying Solana’s position within the crypto industry.