Jupiter DEX Acquires SolanaFM and Coinhall, Introduces Jupiter Mobile

Last updated:

Editor

Veronika Rinecker

Editor

Veronika Rinecker

About Author

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been…

Last updated:

Why Trust Cryptonews

With over a decade of crypto coverage, Cryptonews delivers authoritative insights you can rely on. Our veteran team of journalists and analysts combines in-depth market knowledge with hands-on testing of blockchain technologies. We maintain strict editorial standards, ensuring factual accuracy and impartial reporting on both established cryptocurrencies and emerging projects. Our longstanding presence in the industry and commitment to quality journalism make Cryptonews a trusted source in the dynamic world of digital assets. Read more about Cryptonews

Jupiter DEX Acquires SolanaFM and Coinhall, Introduces Jupiter Mobile

Solana decentralized exchange (DEX) Jupiter has acquired blockchain explorer SolanaFM and multichain trading terminal Coinhall.

Jupiter, boasting the largest trading volume on Solana at over $313 billion and an active governance community, sees these acquisitions as a key step towards a tenfold increase in its DEX services.

SolanaFM, known for its user-friendly explorer and comprehensive data indexing services, complements Jupiter’s plans. “No one is better than an explorer to 10x our data and infrastructure capabilities,” as per Jupiter’s X post from Sept. 20.

The acquisition will have no impact on the operations of SolanaFM, which will continue to function as usual and provide its services to the Solana community.

A Meme Coin Trading Hub

Jupiter also announced the acquisition of Coinhall, which serves over 225,000 users across 23 blockchain networks. Coinhall will bring its expertise in pro-trading terminals, real-time infrastructure, and cross-chain functionality into the Jupiter fold as part of the acquisition. Coinhall will also integrate its existing Solana functionalities into Jupiter’s products, further enhancing the platform’s capabilities.

Jupiter and Coinhall also joined forces to launch the Ape’s Pro trading terminal, specifically designed for meme coin trading. The platform will offer real-time streaming of new tokens, data, and charts, providing traders with essential information for making informed decisions. Traders can also benefit from faster transaction execution through dynamic Jito fees and MEV protection.

Solana Breakpoint: Jupiter Announces Mobile App and New Features

These acquisitions come alongside a series of announcements made by Jupiter at the Solana Breakpoint conference in Singapore.

To onboard millions of new users into the Solana ecosystem, Jupiter plans to launch the Jupiter Mobile app in the coming months. This app will feature zero fees and allow users to purchase Solana (SOL) using familiar payment methods like Apple Pay, Google Pay, or credit cards. The decentralized exchange will also offer a one-tap swap feature, making it easy for users to buy crypto.

Jupiter Mobile is expected to be integrated into Solana’s upcoming mobile device, the Solana Seeker. Scheduled for release in 2025, the Solana Seeker will boast artificial intelligence (AI) features, allowing users to create tokenized AI agents that can interact on-chain.

In addition, Jupiter introduced Perps v2, which includes several new features. One such feature is limit orders, which allow traders to set specific buy or sell prices. Jupiter also adopted the Dove oracle standard, which uses chaos pricing data and uses Pyth as a backup oracle, ensuring reliable price feeds. Finally, Solana’s DEX introduced gasless transactions, where keepers handle transaction fees, resulting in faster execution and an improved trading experience.

According to DappRadar data, Jupiter has seen robust growth in the past week. The platform’s unique active wallets (UAWs) and trading volume increased significantly to 874.7k (+84.5%) and $108.1 million (+97.4%), respectively, while transaction activity remained relatively stable at 9.52 million (-4.5%).

Jupiter’s native token, JUP, has also experienced a notable uptick. In the past 24 hours, JUP has surged by 11.2%, reaching a price of $0.8762.

You May Also Like