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Nearly a quarter has passed since @JupiterExchange started its buyback. Let's take a look at the JUP buyback story today.
TL;DR
1. No new unlocked JUP will enter the market before January next year (if the project team keeps its word)
2. An average of $8 million buyback per month, estimated at $96 million annually
Perpetual trading and aggregator trading are currently dominating Solana, with the aggregator trading position almost impossible to shake.
1. Repurchase
@JupiterExchange JUP will use 50% of its revenue to repurchase JUP starting from 2.18, and the repurchased JUP will be locked for 3 years.
JUP's current revenue mainly consists of two parts:
Aggregate trading business (including Trenches) charges 0.05%-0.1%, current price orders and DCA charges 0.1%,

2. Current competition
Perp trading situation, JUP's market share basically fluctuates between 5-10%, and it steadily occupies the second place in the market (actually the proportion should be higher, because JUP does not have trading mining). It is expected that the position and proportion will not fluctuate too much in the next year
Aggregate trading situation:


3. Price feedback
After the repurchase was launched, the price of JUP fell by 54%. On the one hand, the unlocking of sol and the decline of meme brought about the valuation correction of the entire solana. On the other hand, JUP issued the second round of airdrops in January, and the circulation volume basically increased by 50%.


Repurchase data link: flipsidecrypto.xyz/HitmonleeCr...
However, I found that JUP does not charge for all front-end transactions: if you choose manual mode in swap setting, it is free.
For the rest of the fee description, refer to this article:
research.mintventures.fund/202...

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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