exist Bloody start One week in the encryption market, with the reduction of the dual -digit percentage of various major token, the liquidation near the monthly high point, the local token based on the Soran DEX polymer Jupiter is violating a new trend. RepurchaseEssence
TradingView data shows that although the past 24 hours has fallen by 11 % in the past week, in the past week, Jup has increased by more than 34 % in Bitcoin in the past week, while BTC has declined nearly 4 %.
Jup’s performance is the result of a series of announcements released in its first activity Catstanbul 2025, which solves the problem of public utilization. The pseudonym founder of the agreement is called “MEOW”, showing that 50 % of all agreement fees are used to purchase token from the open market and transfer token to “long -term trash boxes”. This is long -term. Book.
According to Ryan Lee, chief analyst of Bitget Research, this move has led to rising prices, which shows that “investors’ high confidence in the project and its strategy.” He said that in the long run, more and more attention can attract new users and liquidity to the Solana ecosystem.
Lee pointed out in a statement to CoinDesk that the repurchase plan can “act as a long -term growth catalyst because the team estimates that it can increase the repurchase of hundreds of millions of dollars per year.”
Jupiter is from Sorana The leading DEX polymer, Based on the total number of losses from 1.25 billion token, the total value of nearly 2.2 trillion US dollars was promoted. Dune analysisEssence In the past 24 hours, its transaction volume exceeded $ 6.5 billion in US $ 6.5 billion.
“Monopoly”
The announcement may help the price of Jup, but it has caused some concerns in the community.
Chris Chung, the founder of Solana Exchange Platform, wrote in an email statement to CoinDesk that “the most commonly used DEX on the weekend) is based on its default” Ultra “model as the basic transaction. Cowardly news for traders.
Jupiter’s Ultra mode is set to include functions such as real -time sliding estimation, dynamic priority costs and optimized transactions. All functions are supported by the new “Jupiter Shield” security tools. Bitget Research’s Lee told Coindesk that the success of the agreement said: “It may be risks of centralization.”
Li said: “If Jupiter continues to increase its influence and become the main participant in the Soran ecosystem, it may cause excessive dependence on a project.” Power decentralization and distribution. “
Chung added that Solana’s “the cost of the entire value proposition is lower, and the entire process is higher. In this case, the transaction cost is increased by 5-10bps. When the free version, especially when the discussion function is vital to the landing transaction, this is particularly disappointing. “
Jupiter has also announced that it has obtained Majority of shares In Moonshot, the Memecoin trading platform Specialty on the website US President Donald Trump’s commemorative objects and It is said Therefore, “Bring 200K+Newcomer Onchain”.
This protocol also has get The chain investment portfolio SonarWatch plus Moonshot’s acquisition means that Chung means that Jupiter “clearly wants to rule the entire Solana Ecosystem”, which is “an unhealthy and harmful move to innovation and user experience. “
For the founders of Titan, Jupiter’s move is equivalent to “monopoly behavior”. This behavior allows the current person to “further increase prices without competition.” This is a type of behavior of decentralized financing, the purpose is to eliminate it.
Jupiter further announced the launch of Jupnet, which is described as a comprehensive network, “aims to summarize all encrypted goods in a single decentralized classification account to maximize the use of users and developers to the greatest extent.” Its public Beta The version will be released in the next few months.
Although the dominant position of the DEX polymer may attract the potential attention of the potential power in the single person, it may have a hopes. Bitget’s Lee added that Jupiter’s attention to the Soran ecosystem may lead to a new wave of developers to participate in and create new unique products.
Mike Cahill, co -founder and CEO of Pyth Network core contributor Douro Labs, pointed out that Jupiter’s move is “a clear commitment to expand the DEFI infrastructure and improve liquidity dynamics.” He added that this innovative method can “pour new builders into the Sorana ecosystem, which means that we will see many new Memecoins and many new DAPPS.”
Jupiter did not respond to CoinDesk’s comments request during a press conference.