RICHCELDOM
The race against time
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Uniswap and JUP Token Analysis
Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain. Since Ethereum (ETH) reached the number two spot in cryptocurrency rankings, Uniswap has consistently maintained one of the highest volumes and fee revenues among all decentralized exchanges. High volume and substantial fee revenue indicate strong demand and usage. As a result, the value of the $UNI token has appreciated significantly, creating wealth for those who bought in early before its dramatic rise.
A similar story may unfold for the JUP token. Jupiter Exchange has been consistently surpassing Uniswap in revenue figures and trading volume, highlighting strong demand and a highly liquid environment on the Solana blockchain. This is particularly impressive considering that Ethereum’s market cap is about six times larger than Solana’s, meaning it takes significantly more capital to achieve the same volume on both DEXs.
This trend is especially relevant as Solana continues to demonstrate its strength against Ethereum on the SOL/ETH and SOL/BTC charts, suggesting a potentially bullish future for Solana.
Timing Considerations:
However, this shift is unlikely to happen immediately. Bitcoin (BTC) dominance is currently too high, and BTC is not yet at a new all-time high. An altcoin season needs to occur first, during which many tokens will rise. When this happens, I expect JUP to outperform many tokens in the top 200 cryptocurrencies.
Expected gains from todays prices: 20x
finance.yahoo.com
Uniswap is a decentralized exchange (DEX) on the Ethereum blockchain. Since Ethereum (ETH) reached the number two spot in cryptocurrency rankings, Uniswap has consistently maintained one of the highest volumes and fee revenues among all decentralized exchanges. High volume and substantial fee revenue indicate strong demand and usage. As a result, the value of the $UNI token has appreciated significantly, creating wealth for those who bought in early before its dramatic rise.
A similar story may unfold for the JUP token. Jupiter Exchange has been consistently surpassing Uniswap in revenue figures and trading volume, highlighting strong demand and a highly liquid environment on the Solana blockchain. This is particularly impressive considering that Ethereum’s market cap is about six times larger than Solana’s, meaning it takes significantly more capital to achieve the same volume on both DEXs.
This trend is especially relevant as Solana continues to demonstrate its strength against Ethereum on the SOL/ETH and SOL/BTC charts, suggesting a potentially bullish future for Solana.
Timing Considerations:
However, this shift is unlikely to happen immediately. Bitcoin (BTC) dominance is currently too high, and BTC is not yet at a new all-time high. An altcoin season needs to occur first, during which many tokens will rise. When this happens, I expect JUP to outperform many tokens in the top 200 cryptocurrencies.
Expected gains from todays prices: 20x
Solana-based DEX Jupiter Flips Uniswap in Trading Volume
Solana-based decentralized exchange (DEX) Jupiter has surpassed the combined trading volume of Uniswap V2 and V3 protocols, reaching $480 million in the last 24 hours.
finance.yahoo.com
