Solana’s Jupiter exchange has revealed the acquisition of SolanaFM and Coinhall at the 2024 Solana Breakpoint conference. The decentralized exchange (DEX) also shared plans to launch Jupiter Mobile soon, aimed at bringing millions of new users into the Solana network.
Jupiter has acquired SolanaFM, a Solana data explorer, to strengthen its data and infrastructure capabilities, giving users real-time information. According to DappRadar, Jupiter is one of the largest decentralized trading platforms on Solana, and this move is expected to boost its market position.
Jupiter has also acquired Coinhall, a top aggregator on the Cosmos Chain. As part of the deal, Coinhall will integrate its Solana features into Jupiter’s products. This integration will bring Coinhall’s experience in “pro-trading terminals, real-time infrastructure, and cross-chain” services to the Solana DEX.
Additionally, Jupiter and Coinhall have teamed up to launch Ape’s Pro trading terminal, which focuses on meme coin trading. The platform will provide real-time token streaming, data, and charts for traders. It will also offer enhanced transaction execution, dynamic Jito fees, and protection against MEV (Maximal Extractable Value).
Jupiter DEX is also set to launch Jupiter Mobile, aiming to onboard millions of users into the Solana ecosystem. The platform will have zero fees, and users can buy SOL through Apple Pay, Google Pay, or credit cards. It will also feature a simple one-tap swap option, making it easy to purchase crypto.
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Jupiter Expands with Key Acquisitions and New API Platform
Jupiter DEX also announced the launch of the Metropolis API platform at the Solana Breakpoint conference, aimed at making development on the DEX easier. The platform includes the Swap, Price, and Token API, which will be accessible through Metropolis. The goal is to enable developers to easily integrate with Solana’s liquidity and build sustainable businesses on the platform.
In addition, Jupiter has launched the Jupiter RFQ to boost Solana’s liquidity. This feature allows market makers using centralized exchanges like Binance to easily provide liquidity on Solana. A beta version is expected to go live next week, with plans to integrate it into the main platform’s Routing system soon.
Jupiter DEX, already known as the top perpetual DEX on Solana, is set to strengthen its position with the release of its perps v2 platform. The updated platform includes three key features: limit orders, Dove Oracle standard, and gasless transactions for perpetual trading.
These enhancements are seen as a positive development for the Solana ecosystem, adding to its bullish outlook. The announcement follows Solana’s recent reveal of the Seeker mobile. Additionally, as reported by Coingape, the ZK Compression is now live on Solana’s mainnet, further boosting the network’s capabilities.
