Jupiter Acquires Moonshot to Expand Memecoin Capabilities, Introduces Ultra Mode and Jupiter Shield, Enhancing Trading, Security, and Portfolio Tracking

In a major development, Solana-based DEX aggregator Jupiter made several important announcements. Jupiter acquired a majority stake in Moonshot.

Solana-based DEX aggregator Jupiter made several major announcements on Friday. Jupiter has acquired a majority stake in Moonshot, a service that allows users to purchase memecoins via Apple Pay integration, according to platform X.

“Moonshot is joining Jupiter,” Jupiter founder Meow announced in the post. He went on to describe the Moonshot team as “some of the smartest and grindiest people I know.”

Moonshot enables memecoin transactions while also providing users with the ability to handle fiat deposits and withdrawals. Recently, the Trump token event attracted new users to the service.

The acquisition will see Moonshot’s functionalities being adopted into Jupiter's system to enhance user interaction. Through this agreement, Jupiter is showcasing its strategic goals for building out its broader platform.

SonarWatch, a portfolio-tracking tool, was also purchased by the company, according to the announcement. Developers will be shutting down the standalone SonarWatch platform moving forward.

SonarWatch's proven features will be integrated into Jupiter's portfolio tracker website, according to the announcement.

Following its acquisitions, Jupiter unveiled an updated set of features for its platform. Among them is the “Ultra Mode,” which is officially becoming available as a major platform update.

Jupiter's Ultra Mode feature provides automation for real-time slippage estimation and dynamic priority fee calculation, according to the announcement. Platform optimizations will also enhance the speed at which transactions are processed.

In addition, Jupiter is creating another layer of security measures with the development of their tool Jupiter Shield, according to the announcement. The Jupiter Shield system will be launching in the upcoming period.

Through its recent acquisitions and platform enhancements, Jupiter is showcasing its dedication to progressive growth and innovative solutions. Through its acquisition of Moonshot, Jupiter aims to attract users who enjoy different types of meme cryptocurrencies.

On the other hand, SonarWatch integration will allow Jupiter to improve its portfolio tracking services. The platform changes showcase Jupiter's dedication to building a unified system that performs well.

With Ultra Mode now available, users will have a simplified trading experience on the platform, according to the announcement. Meanwhile, Jupiter Shield highlights security measures within decentralized finance operations.

Through recent developments, the platform is expanding its presence in the cryptocurrency marketplace. Jupiter is also showcasing its strategic growth objectives with its acquisitions of Moonshot and SonarWatch.

The updates will introduce new features to the platform while also enhancing service security for users. Ultimately, the company is making brisk moves toward optimizing user experience with these initiatives. Jupiter anticipates an increase in platform membership as a result of these efforts.

The platform continues to be a significant component of the Solana ecosystem.