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Solana is up. For $ 151.30, SOL is back at monthly highlights, which means that an OH-ZO-steep dip is reversed at the beginning of April. It is pretty good than wider crypto markets that do not do themselves too bad if they squeeze a wave of short, ETF intake and a sudden softening of the rhetoric of the trade war.
Some ecosystem tokens also caught the Bullish Golf, including Jupiter’s Jup, who rose 25% in the week.
Yesterday, a report from BlockChes Research has established all the ways in which Jupiter becomes irreplaceable. Jupiter now recommends 95% of the DEX aggregator volume and 80% of the perpetuals that trade on Solana. To the north of $ 280 million in income from an annual basis and still acts on one of the lowest P/S ratios in Defi.
Since the launch in 2021 as a Swap router, Jupiter has not made no secret of his intention to become Solana’s Super app: the home base of Perps, his own launchpad, a mobile wallet, a memecoin terminal and more recent, NFT integrations via his Drupphaus Verwerving. The Liquidity Index Fund, JLP, is now the third largest Solana behind only Jito and Kamino. The recent API upgrades (here look at you, ultra -mode) reform quietly user behavior. I mean, come on. It attracts $ 5-10 million in optional monthly costs.
