$JUP under $2?! With $102M in revenue, a 7x growth in 2024, and a 3B token burn, this is the most undervalued blue-chip on #Solana ecosystem.
@JupiterExchange
continues to shine, with its total revenue reaching an impressive $102 million, solidifying its position as the 7th largest Solana DApp. Powered by Jupiter Perps, the protocol dominates the Solana PerpDEX space, commanding a remarkable 84% market share.
The growth story is equally extraordinary.
In December 2024, revenue soared from $3 million in January to an astonishing $21 million, representing a 7x increase. Momentum has only accelerated—over the past two weeks, driven by $TRUMP, revenue skyrocketed to $35.86 million, accounting for nearly 40% of the total revenue for 2024. 0 reply
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Based on 2024’s revenue trajectory, $50 million is projected to be allocated for $JUP token buybacks, reinforcing investor confidence. With $JUP’s market cap at $2.04 billion, this represents 2.4% of its total valuation, underscoring the protocol’s undervaluation at current prices.
On January 27, 2025,
@JupiterExchange
took a bold step by announcing the burning of 3 billion $JUP tokens, a move valued at approximately $3.2 billion.
The impact?
This token burn not only enhances scarcity but also demonstrates Jupiter’s long-term commitment to value creation for its holders.
As $JUP trades under $2, its explosive growth, buyback strategy, and significant token burn position it as one of the most compelling opportunities in the #Solana ecosystem—a steal at its current valuation. 0 reply
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