Jupiter Expands Ecosystem with Blockchain Explorer and Trading Terminal
Jupiter, a major decentralized exchange (DEX) aggregator, has expanded its reach by acquiring two key platforms.The company acquired SolanaFM, a blockchain explorer for the Solana network, and Coinhall, a DEX terminal.
Jupiter co-founder Siong Ong announced the news during the Solana Breakpoint event in Singapore.
Jupiter Acquires SolanaFM and CoinhallJupiter's acquisition of SolanaFM was announced on Friday, September 20. SolanaFM allows users to explore and interact with Solana blockchain data.
According to Ong, this acquisition will help boost Jupiter's capabilities, particularly in handling blockchain data.
FM x JUP
We're excited to announce that SolanaFM has been acquired by @JupiterExchange, @solana's leading decentralized exchange. pic.twitter.com/pJ3LA8F8sp
- SolanaFM (@solanafm) September 20, 2024
SolanaFM also confirmed the acquisition on its social media platform, saying it plans to 10x the data and infrastructure capabilities" on Jupiter.
On the other hand, the second acquisition, Coinhall, provides trading tools for decentralized exchanges across multiple blockchains, including Solana and Cosmos.
With over 225,000 users across 23 chains, Coinhall plays a major role in facilitating trading.Ong highlighted this during his keynote speech, emphasizing how Coinhall will expand Jupiter's reach in decentralized finance (DeFi).
Jupiter Unveils Mobile App and New Features at Solana BreakpointSolana is the best chain to build cool products & onboard users.
Today's upgrades represent our effort to make Solana a better chain for developers, users, traders, memecoin creators or community members.
Read on for a summary of our 5 key updates, live over the next few weeks pic.twitter.com/Q30hV28pqd
- Jupiter
(@JupiterExchange) September 20, 2024
During the Solana Breakpoint conference in Singapore, Jupiter revealed plans for its new mobile app. With this initiative, Jupiter aims to attract more users to the Solana ecosystem.
According to Jupiter's announcement the launch of the app will introduce new features that will soon be available to its users.The Jupiter Mobile app will offer a fee-free experience and support payment options as it will integrate MoonPay.
Make millions onboard on Solana - with Jupiter Mobile
We want to make it friction-free to use Solana with Jupiter Mobile.
Jupiter Mobile will launch soon, with 0 platform fees, full onramp using Apple/Google Pay or Credit Cards.
Coupled with a 1-tap swap experience, onboarding... pic.twitter.com/B6q5iLLeLj
- Jupiter
As such, this app will allow users to trade crypto using Apple or Google Pay without any platform fees. In addition, users can buy Solana (SOL) and other cryptocurrencies using a simple one-tap swap feature.
The app will also integrate with Solana's upcoming mobile device, the Seeker, scheduled for release in 2025.
Seeker will include AI features, allowing users to create tokenized AI agents that interact on-chain Jupiter is also planning to launch an upgrade to its memecoin trading platform, Ape.Pro.
The platform will let users trade and mint memecoins on mobile with social logins, adding more flexibility to the experience.
Jupiter's Perps v2 and New Trading FeaturesJupiter also announced the launch of Perps v2, an upgraded version of its perpetual futures platform.This version introduces new features like limit orders, allowing traders to set specific trade prices.
Another significant update is gasless transactions, where keepers cover transaction fees, leading to faster trades and an improved user experience.
Meanwhile, Jupiter has seen strong growth recently, according to DappRadar data. The platform recorded a rise in active wallets, which increased by 84.5% to 874.7k.
According to CoinMarketCap, its trading volume surged 36.5%, reaching $108.1 million. Jupiter's native token, JUP, also gained momentum, rising by 4.12% over the past 24 hours, pushing its price to $0.840.
The post Jupiter Expands Ecosystem with Blockchain Explorer and Trading Terminal appeared first on The Tech Report.