Jupiter, a leading decentralized exchange on the Solana blockchain, has announced a series of major updates and strategic acquisitions aimed at enhancing user experience and expanding ecosystem capabilities. These developments, introduced during Solana Breakpoint 2024, highlight Jupiter’s growing influence in the decentralized finance space.
Key announcements include the acquisition of SolanaFM, Solana’s second-largest blockchain explorer, and Coinhall, a prominent aggregator within the Cosmos ecosystem. These moves are designed to integrate advanced infrastructure and data solutions into Jupiter’s expanding toolkit.
Co-founder Siong outlined Jupiter’s future roadmap during the event, emphasizing innovation, accessibility, and sustainability as core pillars of the platform’s evolution.
Metropolis API Platform
The Metropolis API Platform builds on Jupiter’s existing APIs—Swap, Tokens, and Price APIs—to offer developers a more streamlined way to integrate with Solana’s liquidity layers. This platform enables anyone with an internet connection to build sustainable, innovative applications on Solana with greater ease and efficiency.
By providing robust and accessible tools, Metropolis supports a new wave of decentralized application development while promoting broader adoption of the Solana network.
Jupiter RFQ for Enhanced Liquidity
Jupiter RFQ (Request for Quote) is a new feature designed to deepen liquidity on Solana by connecting market makers directly to Jupiter’s routing engine. This allows traditional market makers, including those using centralized exchanges like Binance, to seamlessly provide liquidity on Solana.
The result is improved pricing consistency and enhanced swap execution for all users, reinforcing Jupiter’s position as a top-tier liquidity aggregator.
Jupiter Perpetuals V2
Jupiter Perpetuals V2 introduces a major upgrade to decentralized perpetual trading on Solana. Key enhancements include:
- Limit orders for more precise trade execution
- A redesigned Doves oracle for improved pricing accuracy
- Gasless transactions to reduce user costs
- Over $600 million in JLP liquidity backing
These features make Perps V2 one of the most competitive perpetual trading platforms in the decentralized landscape, offering reliability, low fees, and a superior user experience.
Jupiter Mobile: Onboarding Made Easy
Jupiter Mobile aims to revolutionize how users interact with Solana by offering an intuitive, mobile-optimized experience. Highlights include:
- Simplified onboarding with social logins and payment integrations (Apple Pay, Google Pay, credit cards)
- Elimination of seed phrases for new users
- Zero platform fees and 1-tap token swaps
- Full support for existing wallets
This focus on accessibility helps bridge the gap between traditional finance and decentralized applications, making Solana more approachable for a global audience.
Ape Pro: Meme Coin Innovation
Ape Pro represents Jupiter’s entry into the meme coin market, offering a powerful alternative to platforms like Pump.fun. It includes:
- A mobile-friendly trading suite
- Social login integration (e.g., Google login)
- Ape Mint for easy token creation and liquidity locking
- A competitive 0.5% trading fee
By enabling users to create tokens, lock liquidity, and earn swap fees, Ape Pro encourages a more sustainable model for meme coin projects while combating predatory tokenomics.
Strategic Acquisitions: SolanaFM and Coinhall
Jupiter’s acquisition of SolanaFM—a leading blockchain explorer and data infrastructure provider—signals a commitment to strengthening Solana’s core ecosystem. SolanaFM’s technology will enhance Jupiter’s data capabilities and support more advanced features for developers and traders.
Similarly, the integration of Coinhall extends Jupiter’s reach into the Cosmos ecosystem, promoting cross-chain interoperability and liquidity sharing.
These strategic moves reflect Jupiter’s ambition to build a comprehensive, multi-chain DeFi platform centered on user experience and sustainable growth.
Frequently Asked Questions
What is Jupiter Exchange?
Jupiter is a decentralized exchange aggregator on Solana that offers token swaps, perpetual trading, and liquidity services. It aims to provide the best prices and user experience within the DeFi space.
How does Jupiter Perpetuals V2 improve on previous versions?
V2 introduces limit orders, a more accurate pricing oracle, gasless transactions, and enhanced liquidity backing. These features provide better control, lower costs, and improved reliability for traders.
What makes Jupiter Mobile different from other crypto wallets?
Jupiter Mobile simplifies onboarding with social logins and familiar payment methods while removing technical barriers like seed phrases. It also offers instant swaps with no platform fees.
Can I create a token using Ape Pro?
Yes, Ape Pro includes Ape Mint—a tool that allows users to create tokens, lock liquidity, and earn fees. It is designed to be user-friendly and mobile-optimized.
Why did Jupiter acquire SolanaFM?
The acquisition allows Jupiter to integrate advanced blockchain data and explorer functionality directly into its ecosystem, improving transparency, usability, and infrastructure for Solana users.
How does Jupiter ensure competitive pricing?
Through Jupiter RFQ and its robust routing engine, Jupiter connects directly with market makers and liquidity providers, ensuring users receive the best available prices across Solana.
Jupiter’s latest updates and acquisitions mark a significant step forward in creating a more accessible, efficient, and innovative DeFi ecosystem. With a clear focus on user experience and sustainable growth, Jupiter continues to enhance its offerings while strengthening the broader Solana network. For those looking to dive deeper into decentralized trading tools, you can explore advanced trading features here.