At Solana Breakpoint, Jupiter co-founder Siong Ong announced the acquisition of SolanaFM and Coinhall, along with upcoming launches like Jupiter Mobile and the Metropolis API platform.
Bollywoodfever: Jupiter, the decentralized exchange aggregator, made significant announcements at the Solana Breakpoint event in Singapore on Friday. Co-founder Siong Ong revealed that Jupiter has acquired blockchain explorer SolanaFM, marking a major move to enhance its data and infrastructure capabilities.
SolanaFM, which raised $4.5 million from SBI Group in 2022, offers users a comprehensive blockchain explorer and indexer for Solana. “By joining forces with Jupiter, we’ll focus on 10x-ing the data and infrastructure capabilities on Jupiter,” SolanaFM stated in an X post following the announcement.
Additionally, Jupiter is acquiring Coinhall, the leading aggregator for decentralized exchanges on Solana and Cosmos blockchains. Coinhall provides on-chain trading terminal services and supports swaps across multiple decentralized exchanges, boasting over 225,000 users across 23 chains. The acquisition aligns with Jupiter’s broader strategy to expand its ecosystem, though specific deal terms were not disclosed.
New Jupiter Features Announced
Alongside the acquisitions, Ong announced several upcoming updates for Jupiter:
- Jupiter Mobile: A mobile app developed in partnership with MoonPay, allowing users to access Jupiter via Apple or Google Pay without platform fees.
- Ape.Pro: An upgrade to Jupiter’s memecoin trading platform, Ape, which will soon allow users to trade and mint memecoins on mobile with social logins.
- Metropolis API Platform: A new API platform offering comprehensive liquidity APIs for developers. Metropolis will streamline liquidity needs into a single set of token, price, and swap APIs.
With these acquisitions and new developments, Jupiter aims to further solidify its position as a leading aggregator in the decentralized finance (DeFi) space.
Also Read other news articles, JPMorgan Chase Strengthens Healthcare and Technology Investment Banking with Leadership Changes
Bitcoin Surges to $63,227 After Fed’s Rate Cut Boosts Crypto Market
Gulf Stock Markets Rise After Interest Rate Cuts Following U.S. Fed Policy Easing
Google Cloud Introduces Blockchain RPC Service to Support Web3 Development
Intel Delays German Plant Construction, Chancellor Scholz Confirms Commitment to Project
