The Solana-based swap aggregator Jupiter Exchange is releasing a native token. 

Announced during the Solana Breakpoint conference, the news came with a pledge that a majority of the forthcoming JUP token will be released to the public via community airdrop and a token sale. 

Jupiter is a swap aggregator, a platform used to gather liquidity for traders seeking the best possible prices with minimal slippage.

The protocol’s internal tracker reports $103 million in volume over the past 24 hours. Jupiter’s swap aggregation service has likely been buoyed by a recent uptick in Solana DeFi activity.

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