The long-awaited Jupuary airdrop by Jupiter DEX aggregator revealed its incentive structure. A total of JUP 700 million will go to new and old ecosystem participants.
Jupiter, the leading DEX aggregator on Solana, announced the structure of its Jupuary rewards and incentive system. The event will distribute JUP 700 million in early January, after a discussion on how to incentivize older holders over new users.
The latest distribution schedule will award JUP 500 million on a fixed basis per wallet. The remaining 200 million will be allocated to new users, in a double ‘carrot’ and ‘good cat’ incentive system. This schedule is still a draft and may change before the actual launch.
July 2025 🪐
Here is the first overview of the upcoming Jupuary distribution.
The team decided to split between Users & Stakers and Carrots & Good Cats.
This way we are trying to appreciate everyone in the Jupiverse!
Note: This is a draft, subject to change 💡 pic.twitter.com/mbGNy3QxSe
– Jupiter Uplink (@jup_uplink) December 26, 2024
The wallet allocation will favor users and higher rollers, as requested by the community. The Jupuary event will take a detailed look at exchange wallets and distribute rewards across five tiers. Regular swap users need proof that they are human, plus a minimum of $1,000 in swaps. Around 2 million wallets are eligible for this airdrop.
Around 320,000 portfolios of expert traders will also be eligible, requiring more complex trading actions, liquidity injections, perpetual futures, DCA trading and “ape” investments.
Jupuary will have five levels of regular traders, depending on your JUP and trading activity, and five corresponding levels for expert traders. Tiers may see some changes as the Jupiter community noticed a significant disparity in rewards.
According to the draft plan, wallets with a balance of JUP 50 will be eligible for an airdrop if they also show trades valued at $800, but the next tier, those with JUP 250, can receive an airdrop only after reaching $29,000 in activity. commercial.
Overall, the airdrop will favor trading activity ahead of punters, to avoid passive JUP holders and older whales. Still, the event will distribute JUP 75 million to bettors, while reserving JUP 425 million for active users.
For those who still prefer the staking and governance route, the Jupuary event will offer rewards for simple staking in a separate pool. For those who also use the active game with voting rights, governance will bring additional rewards.
All planned allocations will be subject to change as community discussion continues. Jupuary itself was decided after two votes and community debates. The ultimate goal was to establish the parameters of the event and then repeat a similar airdrop in early 2026. The current airdrop plan will still go through community discussion to discover the preferred mode of distribution.
JUP falls despite Jupuary and greater activity
JUP is one of the tokens that moved against the trend, falling from its yearly high of $1.40. Despite the success of Solana DEX trading, JUP has been falling during the second half of the year.
The token is now trading at $0.82, with a downward trend accelerating in recent days. JUP’s trading volumes have also dropped to $81 million in 24 hours. JUP’s open interest has also fallen to $66 million, near a three-month low.
Previously, the Jupuary hype had helped boost JUP market prices. The token is also volatile and has gone through multiple cycles of falling below $1 and then recovering to its highest range.
Jupiter DEX increased its base for added volumes in the fourth quarter, driven by meme token swaps on Solana. | Source: Llama DeFi
Price action does not reflect aggregator usage. Jupiter increased its activity in the last quarter of 2024, reflecting the growing interest in Solana meem token swaps. Jupiter also added custom tools for token activities, including purchasing DCA or finding the optimal route to exchange tokens. Jupiter is the second most used application on Solana after Raydium, either for routing or direct exchanges.
Aggregated volume on Jupiter peaked in the week ending November 17, when the aggregator handled 39 billion dollars in trading volumes. Weekly aggregate activity has since moved to a lower base of $24 billion.
JUP is one of the tokens where activity and value locked remain much lower than the total market capitalization. However, the main fear is that the new Jupuary event will flood the market with more tokens, resulting in a lower market price.
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