Part 5/12:
- Community and Partnerships: Strong backing from prominent investors, including Multi-coin Capital and Salon Ventures, alongside widespread community approval.
Unmatched Market Presence on Solana
Jupiter dominates Solana's DEX ecosystem, handling over 65% of all trades on the network. When excluding bots, it accounts for more than 84%, solidifying its position as the primary liquidity and trading hub there. It boasts more active users and higher trade volume compared to competitors like Radium and Orca.
In terms of trading volume, Jupiter has surpassed $1 billion daily, outpacing even established giants like Uniswap on Ethereum, which currently records about $781 million. This demonstrates Jupiter's rapid adoption and rising prominence.