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Cryptocurrency News Articles
Jupiter Expands with Cross-Chain Focus, Unveils New Products Including Jupiter Mobile, Metropolis, and Ape.Pro
Sep 20, 2024 at 07:13 pm
Decentralized exchange aggregator Jupiter announced two pivotal acquisitions at the Solana Breakpoint event in Singapore on September 20, 2024.
Decentralized exchange (DEX) aggregator Jupiter announced two key acquisitions at the Solana Breakpoint event in Singapore on September 20.
Jupiter co-founder Siong Ong revealed the acquisition of blockchain explorer SolanaFM and on-chain trading terminal Coinhall to bolster the platform’s data and trading capabilities.
SolanaFM, a prominent provider of blockchain data on the Solana network, offers advanced indexer and explorer tools. Notably, in 2022, it secured $4.5 million in funding from SBI Group. The integration with Jupiter is set to significantly enhance the platform’s data infrastructure. SolanaFM highlighted its aspiration to amplify Jupiter’s capabilities by 10x in its post on X (formerly Twitter).
Jupiter Expands with Cross-Chain FocusIn addition to acquiring SolanaFM, Ong also confirmed the acquisition of Coinhall, a leading DEX aggregator in the Cosmos blockchain ecosystem. Serving over 225,000 users across 23 blockchains, Coinhall plays a key role in decentralized multi-chain trading. This acquisition strengthens Jupiter’s cross-chain trading framework, expanding its liquidity network across blockchains like Solana and Cosmos.
While the financial details of the acquisitions were not disclosed, Ong noted that they align with Jupiter’s goal of creating a more dynamic and user-focused platform. The integration of SolanaFM and Coinhall underscores Jupiter’s continuous effort to scale its infrastructure and provide users with richer, data-driven experiences.
Apart from these acquisitions, Jupiter is introducing new products to enhance user engagement. One upcoming release is Jupiter Mobile, which was built in partnership with MoonPay. The app will launch soon and allow cryptocurrency trading via Apple or Google Pay without platform fees, catering to both new and experienced traders.
Jupiter Advancements in DeFi ToolsJupiter is further strengthening its position in decentralized finance (DeFi) with the upcoming release of Metropolis, an API platform that offers liquidity solutions for tokens, prices, and swaps. According to Ong, the platform consolidates all liquidity needs into a single set of APIs, providing developers with an efficient way to manage liquidity.
Additionally, Jupiter introduced Ape.Pro, an enhanced version of its meme coin trading platform. This new version will feature mobile trading, memecoin minting, and social login options to make the platform more accessible. By expanding into the meme coin market, Jupiter is tapping into popular trends while ensuring its infrastructure remains strong.
Jupiter’s acquisition of SolanaFM and Coinhall marks a significant move in the Solana and Cosmos ecosystems. Together with the launches of Jupiter Mobile, Metropolis, and Ape.Pro, the platform is positioned as an innovative force in DeFi, offering a broad spectrum of tools for traders, developers, and enthusiasts across multiple blockchains.
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