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Apart from SolanaFm and Coinhall acquisitions, Jupiter is launching new products, including Jupiter Mobile, created with MoonPay, allowing fee-free crypto trading via Apple or Google Pay.
Key Notes
Jupiter acquires SolanaFM and Coinhall, enhancing data infrastructure and expanding cross-chain trading capabilities across Solana and Cosmos ecosystems.Jupiter Mobile, developed with MoonPay, will launch soon, enabling cryptocurrency trading via Apple or Google Pay without platform fees.Jupiter introduces the Metropolis API platform for liquidity solutions and enhances Ape.Pro with mobile trading and memecoin minting features .Decentralized exchange aggregator Jupiter announced two pivotal acquisitions at the Solana Breakpoint event in Singapore on September 20, 2024. Jupiter’s co-founder, Siong Ong, revealed the acquisition of blockchain explorer SolanaFM and on-chain trading terminal Coinhall, aiming to strengthen the platform’s data and trading features.
SolanaFM, a well-known provider of blockchain data on the Solana network, offers advanced indexer and explorer tools. In 2022, it secured $4.5 million in funding from SBI Group. The integration with Jupiter is expected to significantly enhance the platform’s data infrastructure. SolanaFM emphasized its ambition to amplify Jupiter’s capabilities by 10x, as expressed in its post on X (formerly Twitter).
— SolanaFM (@solanafm) September 20, 2024Jupiter Expands with Cross-Chain Focus
In addition to acquiring SolanaFM, Ong also confirmed the acquisition of Coinhall, a leading DEX aggregator across the Cosmos blockchain ecosystem. Coinhall, serving over 225,000 users across 23 blockchains, plays a pivotal 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 remain undisclosed, Ong stated that these acquisitions align with Jupiter’s goal of creating a more dynamic and user-focused platform. The integration of SolanaFM and Coinhall highlights Jupiter’s ongoing effort to scale its infrastructure and provide users with richer, data-driven experiences.
Apart from these acquisitions, Jupiter is introducing new products aimed at improving user engagement. One upcoming release is Jupiter Mobile, which was built in partnership with MoonPay. The app will launch soon and enable cryptocurrency trading via Apple or Google Pay without platform fees, appealing to new and experienced traders.
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Jupiter is 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.
In addition, 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 signals a significant move in the Solana and Cosmos ecosystems. Alongside these acquisitions, the launches of Jupiter Mobile, Metropolis, and Ape.Pro position the platform as an innovative force in DeFi, offering a wide range of tools for traders, developers, and enthusiasts across multiple blockchains.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.
