Jupiter Exchange has surpassed large decentralized finance (Defi) players and has secured the second highest daily ranking after Stablecoin -Emittent Tether.
In addition, the decentralized Exchange (DEX) generated $ 2.73 million in income for a period of 24 hours and went above colleague Solana Stalwart Pump.Fun.
Jupiter Usurps Pump.Fun
According to Defillama data, the exchange has earned $ 10.88 million in reimbursements since yesterday, about $ 7.3 million less than the amount that brought in.
However, Jupiter performed considerably better than Uniswap, Pancakeswap, Sister Platform Meteora and Hyperliquid, a rising star in the eternal futures -trading space. Apart from Uniswap, none of these competing protocols earned more than $ 5 million in reimbursements in the last 24 hours.
In terms of income in the same period, Tether is heads and shoulders above everyone, with his $ 18.19 million three times more than the nearest competitor, Circle. Hyperliquid finished third and brought in $ 3.53 million, while Jupiter went above pump. Fun with a sales of 24 hours of $ 2.42 million.
For seven days the profit of the DEX $ 23.31 million, only improved by Tether’s $ 127.26 million, Circle’s $ 41.54 million and Pancakeswap’s $ 36.15 million. Other solana -based platforms in the top ten include Meteora, Jito and Pump.Fun, which received $ 19.52 million, $ 15.69 million and $ 14.55 million respectively in the past week.
The improving fortunes of Jupiter have come in the aftermath of turbulence in the Defi -space of Solana. Last week, Meow was, partly founded by Jupiter’s pseudonymous lead, co-founder of the pseudonymous lead of Jupiter, after his other co-founder, Ben Chow, resigned due to accusations of financial misconduct.
Moreover, the controversy around the Libra Memme, which rose and subsequently crashed after a controversial approval of the Argentinian President Javier Milei, also trust in some Defi-platforms.
Jup market performance
Data from Coingecko show that the decentralized financial category has risen by a light 0.6% since yesterday, with its collective market capitalization at $ 102 billion.
Jup-Token of Jupiter is one of the better-performing cryptocurrencies in the sector and wins 9.5% at the price of the last 24 hours. Under the top ten of the Market Cap segment, it was only improved by Maker (MKR), an increase of 21.4%, and the hype of Hyperliquid, who registered an increase of 11.9%.
For seven days, Jup also suffered the least loss among Defi -heavyweights and only 1.0% of its value fell. The biggest losers with large caps were Aave (Aave), a decrease of 17.8%, chain link (link), which shed more than 14%of its value, and the uni-token of Uniswap, which fell by 13.8%.
