Solana blockchain transactions almost double minutes into Jupiter airdrop

The airdrop will allocate 1 billion JUP tokens to community members

article-image

Solana, Jupiter and Adobe Stock modified by Blockworks

share

Transactions on the Solana blockchain have almost doubled minutes after the anticipated Jupiter airdrop.

According to the Solana explorer, transactions per second (TPS) on Solana went from roughly 1,900 to over 3,000 minutes following the airdrop. 

Average ping time — the time between the initiation and completion of a process — has almost tripled, from roughly 20,000 milliseconds to over 60,000 milliseconds.

Jupiter is one of the largest liquidity aggregators on Solana, rivaling Uniswap v3  for trading volume. 

According to Coingecko, Jupiter currently has a 24-hour trading volume of over $688 million while Uniswap v3 on Ethereum currently has a 24-hour trading volume of a little over $790 million.

This Genesis airdrop will allocate 1 billion JUP tokens to community members. Four future airdrops will occur on the same date over the next four years.

Read more: Understanding Jupiter’s tokenomics ahead of its first airdrop

The initial airdrop will be given to engaged users, and an estimated 955K wallets who have interacted with Jupiter before Nov. 2 will be able to claim eligibility.

According to Meow, 200 million tokens will be evenly distributed between all wallets, and 700 million tokens will be allocated based on a 4-tiered score distribution, with the top 2 thousand users receiving over 100,000 tokens each. Community members on Discord, X and other developers will receive the remaining 100 million tokens.

At the time of writing, the JUP token is currently trading at $0.689, with a market cap of $924 million.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.jpg

Research

Figure, founded by former SoFi CEO Mike Cagney, has emerged as a leader in onchain RWAs, with ~$17.5B publicly tokenized. The platform’s ecosystem volume is growing ~40% YoY as it expands beyond HELOCs into student loans, DSCR loans, unsecured loans, bankruptcy claims, and more. Operationally, Figure cuts average loan production cost by ~93% and compresses median funding time from ~42 days to ~10, creating a durable speed-and-cost advantage.

article-image

Layer 2 network Taiko integrates Chainlink Data Streams to deliver reliable onchain market data for DeFi and institutions

by Blockworks /
article-image

The license will allow Bullish to operate in New York under strict digital asset rules

by Blockworks /
article-image

The derivatives giant expands crypto offerings with new Solana and XRP futures options, pending regulatory review

by Blockworks /
article-image

Nasdaq-listed firm to fund Solana token purchases and expand its blockchain-focused treasury strategy

by Blockworks /
article-image

The partnership deepens liquidity and lowers conversion costs as demand for regulated stablecoins grows worldwide

by Blockworks /
article-image

Any indication the FOMC is less dovish than anticipated could weigh on crypto, industry watcher says