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 (1).png

Research

Aave’s revenues have doubled from April lows and are fast approaching all-time highs. With 35% of borrow interest coming from ETH and 55% from stablecoins, Aave is emerging as a powerful proxy as an ETH and stablecoin beta. As looping strategies accelerate growth and Horizon positions the protocol to ride the RWA wave, Aave is shaping up as one of DeFi’s most compelling multi-narrative plays.

article-image

Solana saw $78 million in REV for August

article-image

Lit Protocol’s Vincent is shifting agentic finance from toy demos to production rails

article-image

The new system aims to unify Europe’s fragmented tokenized asset settlement and cut cross-border costs

by Blockworks /
article-image

Tron slashed fees by 60% as Plasma looms, threatening its USDT moat

article-image

The acquisition adds evaluation-based funding to Kraken Pro, giving traders access to capital on performance

by Blockworks /
article-image

The deal merges real-time pricing data with on-chain credit ratings, aiming to boost institutional adoption of decentralized finance

by Blockworks /