Solana's Jupiter Trading Platform Surges, Memecoin Gains Millions

Solana-based trading aggregator Jupiter has seen a significant increase in trading volumes, settling over $500 million in trades in the past 24 hours ahead of its planned token issuance. With 550 tokens and more than 5,550 trading pairs listed, Jupiter has overtaken Uniswap v3 to become the biggest trading platform by that metric. The platform routes orders to several Solana-based exchanges and executes the best available price for an asset when a trade is requested. Jupiter's JUP tokens are expected to be issued on Wednesday, with nearly 1 million Solana wallets qualifying for a slice of the unusually large airdrop, reflecting Jupiter's popularity with traders and expected to boost activity on Solana.