The Catstanbul event has ended, and here is the pic of it , maybe few of you were at that event?
seems like a solid investment to be honest with their buyback plan but nevertheless I think the FDV is pretty big already, as big as uniswap while uniswap also integrates with great deal of blockchain and not limited to ethereum L1 only.
it'd be great if jupiter can expand to other non-SVM blockchain as well though.
Well it was above $10bil as FDV but after they burned 3billion JUP coin worth more than $3billion, the FDV down to $7billion now. Compared UNI which has 11.x billion as FDV and current marketcap UNI is 5x from JUP, i can say JUP is undervalued. If anyone remember with Jupuary voting #1 & #2, JUP is very caring with their user, whether its their staker or user. For sure they cant please all user, but it was very very fair voting though.
seems like a solid investment to be honest with their buyback plan but nevertheless I think the FDV is pretty big already, as big as uniswap while uniswap also integrates with great deal of blockchain and not limited to ethereum L1 only.
it'd be great if jupiter can expand to other non-SVM blockchain as well though.
I am not sure about the number if its the biggest in history, maybe for JUP alone it is but not compared to the others. But burning doesn't mean that they should be trusted. If it's part of the plan and roadmap, they're doing great on it. And if it's just a random decision that they have to do, they're doing their community a favor.
They want to make JUP is more valuable for their user, so they would choose to keep restaking and use their JUP for staking instead of just dump it on market once airdrop (ASR & Jupuary end) , and the planning to burn 3billion JUP token was decided through voting