Solana-Based DEX Jupiter Acquires SolanaFM, Announces Major Updates at Breakpoint Event

At the Solana Breakpoint event in Singapore, a significant announcement was made that is set to shake the crypto community. The partnership between Jupiter and SolanaFM aims to significantly enhance Jupiter’s data and infrastructure capabilities.

In a recent post on X, SolanaFM stated, “By joining forces with Jupiter, we aim to increase Jupiter’s data and infrastructure capacity by 10x.” Jupiter continues to make key acquisitions to strengthen its data and trading abilities.

Major Acquisitions and Focus on Data Improvement

At the Solana Breakpoint event, Jupiter’s co-founder Siong Ong announced the acquisition of SolanaFM, a blockchain explorer. This move is seen as a critical step, especially considering SolanaFM raised $4.5 million from SBI Group in 2022. SolanaFM offers advanced indexing and explorer tools that allow users to access and interact with data, making this acquisition a strategic enhancement of Jupiter’s data and infrastructure potential.

Expansion with Coinhall Acquisition

Jupiter is expanding its reach by acquiring Coinhall, a leading aggregator on the Cosmos blockchain. Known for facilitating swaps across decentralized exchanges on Solana and Cosmos, Coinhall serves over 225,000 users across 23 chains. Its integration with Jupiter is expected to significantly improve the trading experience and accessibility for a broad audience.

New Developments and Product Launches

Ong also revealed several upcoming updates aimed at improving the user experience and expanding the Jupiter ecosystem. Among these is the launch of Jupiter Mobile, a mobile app developed in collaboration with MoonPay. This app will allow users to interact with the Jupiter platform and make payments through Apple Pay or Google Pay without incurring platform fees, simplifying the transaction process for mobile users.

Introduction of Ape.Pro and Metropolis API Platform

Jupiter plans to enhance its memecoin trading platform, Ape, with the launch of Ape.Pro. This upgrade will enable users to trade and mint memecoins using social logins on their mobile devices. Additionally, Jupiter is introducing Metropolis, its API platform. Metropolis aims to offer developers a unified liquidity API suite for token, price, and swap requirements, providing a comprehensive set of tools for liquidity management.

The strategic acquisitions of SolanaFM and Coinhall, along with the introduction of innovative products like Jupiter Mobile and the Metropolis API platform, mark a significant evolution for Jupiter. These developments aim to enhance the platform’s data infrastructure and trading capabilities, offering improved tools and a seamless experience for both users and developers. With continuous growth and expansion initiatives, Jupiter is cementing its position as a major player in the decentralized exchange space. Readers should keep a close eye on Jupiter’s upcoming launches, which promise to bring significant improvements to crypto trading.

Jupiter, SolanaFM acquisition, Coinhall, Jupiter Mobile, Metropolis API platform