Annual token circulation could become a sustainable source of demand.
February 13, decentralized exchange aggregator (DEX) announced that it will begin redeeming tokens using revenue from the protocol. Starting February 17, 50% of the protocol's fees will be used to redeem JUPs. will be used for this purpose. According to
#Jupiter , the tokens will be locked down for three years.
According to cryptocurrency research firm Aylo, consistent pressure on buyers will have a positive effect, claiming that the move will increase the number of potential new buyers and absorb sellers more efficiently.
The report said.
Jupiter is not a value trap as it still has significant upside potential, Aylo adds Jupiter is the most popular DEX with a daily trading volume of about $3.2 billion as of Feb. 14, according to DefiLlama.
As an aggregator, Jupiter directs users' trades to other DEXs, such as Raydium, to get the cheapest swaps. It also allows traders to set limit orders and automatically buy tokens at certain trigger prices.
Jupiter has been able to capitalize on Solana's increased trading volume, mainly due to increased memecoin activity.
Since 2024, Solana-based Raydium has become the most popular DEX in terms of 30-day trading volume, surpassing its main competitor on the
#Solana blockchain, Uniswap, a DEX built on the Ethereum network.
the Decentralized Financial Protocol (DeFi), which requires
#token holders
against this backdrop of Donald Trump's victory in the U. S. presidential election on November 5 and
#DeFi November 15, the issuer of Ethena steblecoins has agreed to share a portion of the protocol's revenue of about $200 million with token holders.
In December, Ether. fi, the issuer of Liquid Restricted Token (LRT), offered to use 5% of the protocol's proceeds to buy back its ETHFI tokens and distribute them to interested parties.
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