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# Jupiter Delivers Historic Airdrop to Solana Users
- URL: https://www.metatalks.ai/jupiter-delivers-historic-airdrop-to-solana-users/
- Published: 2024-02-05T07:39:15.000Z
- Updated: 2024-02-05T07:39:15.000Z
- Author: Katelyn Chow
- Tags: solana, SOL, update, airdrop, crypto, cryptocurrency, altcoin, bullrun

Last week, users [received](https://www.jupresear.ch/t/jup-the-genesis-post/478?ref=metatalks.ai) the largest Solana-based airdrop to date from [Jupiter](https://twitter.com/JupiterExchange?ref=metatalks.ai), the network’s leading [DEX aggregator](https://jup.ag/?ref=metatalks.ai) and its most actively used protocol.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202401.png)

In total, 40% of the supply will be airdropped to users in three additional phases over the year, with timelines to be determined. Another 10% is reserved for community contributors and grants, while the Jupiter team retains the remaining 50% for team members, strategic reserves, and liquidity provisioning, with various lockup and vesting periods. Notably, Jupiter launched without any prior fundraising or token presales.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202402.png)

*(*[*X post*](https://twitter.com/weremeow/status/1735544950417436806?ref=metatalks.ai) *by* [*meow*](https://twitter.com/weremeow?ref=metatalks.ai)*, Jupiter founder)*

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202403.png)

*(*[*Thread*](https://twitter.com/banshee7l/status/1754194614343385589?ref=metatalks.ai)*)*

The airdrop posed a considerable stress test for the Solana network’s capacity, testing its capacity to manage such a significant surge in the number of transactions. The Jupiter team preemptively launched a test memecoin on the LFG platform a week earlier to identify and address potential issues. Still, some users faced issues, struggling to submit successful claims or buy transactions, while the Solana network maintained its operational stability with no interruptions in block processing.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202404.png)

*(*[*Thread*](https://twitter.com/banshee7l/status/1754194616788648222?ref=metatalks.ai)*)*

Jupiter holds a dominant position within the Solana ecosystem, managing 80% of the network's non-bot transaction volume, and is the most-used DeFi trading platform by unique wallets. The team has recently launched additional products, including a new perpetual futures protocol, and has outlined plans to expand further in the coming years.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202405.png)

*(*[*Thread*](https://twitter.com/banshee7l/status/1754194622190948508?ref=metatalks.ai)*)*

The launch, however, has also received its [portion of criticism](https://protos.com/jupiters-massive-insider-allocation-of-solana-airdrop-jup/?ref=metatalks.ai), which has focused mainly [on two aspects](https://blockworks.co/news/jupiter-airdrop-draws-criticism?ref=metatalks.ai): (i) substantial fees (\~$50 million) generated by the launchpad, which users were compelled to use, and (ii) Jupiter's implied intention to withdraw liquidity from the launchpad pool a week post-launch, potentially leading to substantial market volatility.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202406.png)

[Jupiter](https://twitter.com/JupiterExchange?ref=metatalks.ai)’s CEO [Meow](https://twitter.com/weremeow?ref=metatalks.ai) has [responded](https://twitter.com/weremeow/status/1752919857505743117?ref=metatalks.ai) quickly to these concerns, arguing that Jupiter, like any team, has to pay for using LFG and emphasizing the team's commitment to ensuring liquidity in additional pools post-launch.

![](https://storage.ghost.io/c/ef/d4/efd46b24-40c6-4ee1-b2e7-34720b3b26fd/content/images/2024/02/050202407.png)

While there is some merit to these critiques, it’s important to highlight that these facts were all communicated before the launch and publicized widely.

With [Jupiter DEX aggregator](https://jup.ag/?ref=metatalks.ai)’s successful launch, Solana continues to demonstrate that network upgrades implemented over the past year have led to tangible improvements in its reliability and user experience.

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[*MetaTalks*](https://www.metatalks.ai/) *disclaims responsibility for any investment advice that may be contained in this article. All judgments expressed are solely the personal opinions of the author and the respondents. Any actions related to investing and trading in crypto markets involve the risk of losing funds. Based on the data provided, you make investment decisions in a balanced, responsible manner and at your own risk.*