TL;DR
- Acquisitions to Enhance Capabilities: Jupiter DEX acquires SolanaFM and Coinhall to significantly boost its data infrastructure and cross-chain trading functionalities.
- New Product Launches: Jupiter Mobile, developed with MoonPay, will enable fee-free crypto trading via Apple or Google Pay. Additionally, the Ape’s Pro trading terminal will focus on meme coin trading.
- Strategic Vision: These moves align with Jupiter’s goal to create a more dynamic, user-focused platform, positioning it as a leading player in the DeFi space.
Jupiter DEX has announced the acquisition of blockchain explorer SolanaFM and multichain trading terminal Coinhall. These acquisitions, revealed at the Solana Breakpoint event in Singapore on September 20, 2024, are set to significantly enhance Jupiter’s data infrastructure and trading functionalities.
We're also proud to acquire @SolanaFM, a native Solana explorer who has been chewing glass for 3 years
No one better than an explorer to 10x our data and infrastructure capabilities.
We're excited to see what this team of chads can do! https://t.co/Sgh1nKyMo7
— Jupiter 🪐 (@JupiterExchange) September 20, 2024
SolanaFM, known for its comprehensive data indexing and user-friendly explorer, will play a crucial role in amplifying Jupiter’s data capabilities. “No one is better than an explorer to 10x our data and infrastructure capabilities,” Jupiter stated in a recent post on X.
This acquisition is expected to provide a substantial boost to Jupiter’s decentralized exchange (DEX) services, which already boast the largest trading volume on Solana, exceeding $313 billion.
Coinhall Integration to Boost Cross-Chain Trading
Coinhall, a leading DEX aggregator serving over 225,000 users across 23 blockchain networks, will join the Jupiter ecosystem. This acquisition aims to enhance Jupiter’s cross-chain trading framework, expanding its liquidity network across blockchains like Solana and Cosmos.
Coinhall’s expertise in pro-trading terminals and real-time infrastructure will be integrated into Jupiter’s products, further strengthening the platform’s capabilities.
Jupiter’s New Product Launches: Jupiter Mobile and Ape’s Pro
In addition to these acquisitions, Jupiter is set to launch new products to improve user engagement and accessibility. One of the most anticipated releases is Jupiter Mobile, developed with MoonPay.
This app will enable fee-free cryptocurrency trading via Apple or Google Pay, making it easier for users to trade on the go. Jupiter and Coinhall are also collaborating on the Ape’s Pro trading terminal, specifically designed for meme coin trading.
This platform will offer real-time streaming of new tokens, data, and charts, providing traders with essential information for making informed decisions.
A Vision for the Future
Jupiter’s co-founder, Siong Ong, emphasized that these acquisitions and new product launches align with the company’s goal of creating a more dynamic and user-focused platform.
By integrating SolanaFM and Coinhall, Jupiter aims to scale its infrastructure and provide users with richer, data-driven experiences. The financial details of the acquisitions remain undisclosed, but the strategic intent is clear: to position Jupiter as a leading player in the DeFi space.
These developments mark a significant step forward for Jupiter, promising to enhance its service offerings and solidify its position in the rapidly evolving DeFi landscape.
