Meme coin WEN airdrop effect, Jupiter trading volume surpasses Uniswap? Solana new addresses hit all-time high

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Did Jupiter's Trading Volume Surpass Uniswap with the $WEN Airdrop Benefit?

Solana's mainstream exchange, Jupiter, announced a new coin airdrop for $WEN before the official launch of its native token, JUP, on 1/31. Eligible users could receive 643,652 WEN tokens.

JupiterJUP token is about to be issued, with another announcement of a new meme coin $WEN airdrop, where users can receive 643,652 tokens.

After the WEN claim was made available, Jupiter's trading volume surged briefly, even "seemingly" surpassing the well-established decentralized exchange Uniswap v3, with slightly different results on various data platforms.

According to CoinGecko:

• Jupiter 24-hour trading volume: $513 million

• Uniswap 24-hour trading volume: $479 million

According to the respective platform websites of Uniswap and Jupiter:

• Jupiter 24-hour trading volume: $572 million

• Uniswap 24-hour trading volume: $514 million

Note: Uniswap v2 trading volume is also $93.46 million.

For comparison, Jupiter's December trading volume was $16.6 billion, while Uniswap v3 was $16.7 billion. The mainstream data platform DefiLlama does not list Jupiter data, but Dune shows Jupiter's daily trading volume as $403 million, slightly lower than Uniswap.

Solana Sees Record High Number of Registrations

The Block also cited data from their platform indicating that Solana's trading volume not only hit its highest level since October 2022, but also saw a record high in daily new address registrations, surpassing the record from May 2022 as shown below.