Welcome to Bankless, where we explore the frontier of decks on Solana.

Today we're talking to meow from the Jupiter Project, which is perhaps the super decks, the super exchange on

Salana. We'll talk about what that is. Earlier this week the Jup token, the

highly-hotly anticipated token out of Jupiter has actually launched.

This token was announced back at Salana Breakpoint in November of last year, and it's been hotly

anticipated ever since. It just came in at a six billion dollar

fully diluted valuation which is equivalent to UNASwop on ethereal so a very big

launch we got about 800 million dollars of that actually circulating so that is the actual market cap and we're

bringing it on meow the founder that is his pseudonym apparently it's very close to his actual real name but people just call him meow

he is a cat in a space suit on

Twitter for bringing on meow to talk about what is Jupiter what is Jupiter under the

hood and then also the token launch so this will I think be a hybrid episode for the

ethereal community which Bankless of course has is the majority of the

Bankless audience who have never experienced Jupiter before or maybe I

only touched it once or twice have heard about it but don't really know what it is.

That would be I would call the first part of the episode, the first half, and then the second half of the episode is going to be more geared towards the Solana people who are interested in the details of the launch of

Jup. There was a bit of controversy about the launch of Jup that I heard. I am not

super tapped into these conversations so I'm coming at a very high level.

Miao will give his account and explanation

of the mechanism for the Jup launch.

He will give his side of the story.

I do not have the capacity to give

...