Jupiter (JUP) Airdrops Steals Show On Solana (SOL), Will Pullix (PLX) Be Even Bigger?

Pullix

The Jupiter airdrop saw over $750m worth of JUP tokens distributed to loyal users. Such a mammoth event saw Solana achieve $1.14b in DEX volume, surpassing Ethereum on the day of the drop. The attention now shifts toward the ongoing Pullix (PLX) presale, with many speculating this new entrant will surge by 100x in 2024 as it upsets the status quo.

Jupiter (JUP) Airdrops Steals Show On Solana (SOL)

Jupiter is the largest DEX on the Solana blockchain. Jupiter allows any Solana token to be swapped for another with extremely low fees and fast transaction speeds. Recently, Jupiter has been attracting huge attention for the airdrop of its native token, JUP.

The airdrop program on Jupiter was unique because it rewarded users proportionately to how long they had used Jupiter and whether they had used all the platform features. Such a model rewarded the loyal and active users the most, with some individuals receiving life-changing amounts of JUP tokens.

The airdrop occurred on the 31st of January to finish Jupiter’s “Jupuary” campaign, a series of events that kickstarted a new chapter in the Jupiter ecosystem. One billion tokens of the total circulating supply of 1.35 billion were distributed to users, with the remaining 350 million being held in the launchpool and for LP purposes.

The airdrop helped boost Solana’s DEX volume, with over $1.14b in transactions on that day alone. This volume surpassed Ethereum’s DEX volume and showed Solana’s growing popularity and potential as a platform for decentralized finance (DeFi) applications.

Solana maintained 100% uptime during the airdrop, meaning the network has been running with no downtime for 341 days straight. The low uptime was previously a significant issue for Solana, but it seems the team has worked out all the kinks.

JUP Price Prediction for 2024

The JUP price started at $0.41 before climbing to a peak of $0.81 on the day of the airdrop. While it retraced back to around $0.56, the current price of $0.62 shows that JUP is starting to climb upward toward the $1.00 mark.

Some experts predict that JUP could reach a price of $3 or more in 2024. This prediction is based on the increasing adoption of Solana and its DeFi applications, with Jupiter being the entry point for many users into the Solana ecosystem.

The current price represents a $850m market cap and a fully diluted valuation (FDV) of $6.29b. It is worth considering that the leading Ethereum DEX, Uniswap, reached a peak market cap of $22.50b in May 2021. JUP needs to climb by 26.38x to $16.69 to match that.

Will Pullix (PLX) Be Even Bigger?

Pullix is a groundbreaking hybrid trading platform aiming to blend the best of centralized and decentralized worlds. By addressing the liquidity issues of DeFi exchanges, removing the bad trust aspects of centralized exchanges, and providing rewards to active traders, Pullix aims to become the go-to platform for all types of traders.

Pullix ensures that users maintain full custody of their assets by never storing keys on their platform. In fact, users can trade anonymously across a range of assets and derivatives without providing personal information.

Pullix addresses the liquidity issues in two ways. First, the platform incentivizes users to add liquidity by offering generous staking rewards. Second, the platform integrates institutional-grade liquidity providers to execute trades via an off-chain order book to ensure fast and reliable trade execution.

Earn With the PLX Token

The Jupiter airdrop captured the imagination of the Solana ecosystem by distributing free tokens to a wide audience to foster adoption. Pullix aims to take this concept even further by deeply integrating the PLX token into the trading experience’s fabric.

The innovative “Trade-to-Earn” model of Pullix rewards traders with PLX tokens based on the volume and frequency of their trades. Rewards come from the revenue-sharing mechanism transforming Pullix from a profit-driven platform to a community-driven one.

There is a fixed supply of PLX tokens to maintain the scarcity of the currency and prevent inflation. Plus, the Pullix team will frequently burn PLX tokens to decrease the circulating supply and increase its value over time.

By allowing token holders to profit from the daily revenue of the exchange and earn a fixed passive income, Pullix is creating a compelling proposition that may surpass the initial excitement generated by the JUP airdrop.

It is easy to see how Pullix has managed to raise more than $4.8 million so far during the ongoing presale. With Pullix now in the last two stages of its presale, there is a time-limited opportunity for investors to grab discounted tokens at just $0.10 before price discovery begins.

Pullix is due to launch within the next 30 days but has already attracted more than 15,000 pre-registered users. It will be interesting to see how this number grows as more people become aware of the innovative trading features and financial incentives that Pullix has to offer.

For more information regarding Pullix’s presale see links below:

Visit Pullix 

Join The Pullix Communities

Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates

Whatsapp Icon
Telegram Icon