Hold onto your hats, crypto enthusiasts, because there’s some electrifying news from the Solana universe! Jupiter Exchange, Solana’s top decentralized trading hotspot, has just gobbled up SolanaFM, the go-to blockchain explorer for all things Solana.
Imagine this: a mobile app from Jupiter that lets you swap tokens using Apple Pay, Google Pay, or even your credit card, and guess what? Zero fees, folks! That’s right, swapping tokens just got a whole lot more wallet-friendly.
This acquisition is being hyped as a turbo boost for both parties, promising to supercharge their data and infrastructure capabilities. Basically, it’s like they’re strapping rockets to their offerings for the Solana community.
On September 20, Jupiter, which boasts a jaw-dropping $300 billion in trading volume, couldn’t contain its excitement. They shouted from the digital rooftops that this move would skyrocket their data and system capabilities by tenfold. Talk about leveling up!
SolanaFM, founded in 2021 by three bright minds from Singapore Management University, has been the Sherlock Holmes of the Solana blockchain, providing deep dives into transaction histories, smart contracts, and token info. They’re not going anywhere; instead, they’re gearing up to turbocharge Jupiter’s potential.
Backing up their street cred, SolanaFM raised a cool $4.5 million in a 2022 seed funding round led by SBI Group’s Digital Asset Opportunity Fund. Big names like Zee Prime, Spartan Capital, and K3 Ventures also joined the party.
And there’s more! At Breakpoint, Solana’s annual shindig, Jupiter flaunted some major updates. They rolled out the Metropolis API, a sleek new platform designed to make development on Solana a breeze with new token, price, and swap APIs.
But wait, there’s even more! Jupiter introduced the Jupiter RFQ (Request for Quote), which aims to boost liquidity by letting market makers directly provide pricing to its routing engine. They also announced a next-gen perpetuals trading platform, complete with fancy features like limit orders, gasless transactions, and an advanced Dove oracle system.
As if that wasn’t enough, Jupiter’s also launching Jupiter Mobile, an app set to bring even more folks into the Solana fold. Swap tokens using Apple Pay, Google Pay, or credit cards, all with zero platform fees. Easy peasy!
This wave of good news follows Jupiter’s recent heads-up to Solana users about a nasty chrome extension called “Bull Checker” that was draining wallets. This rogue extension targeted Reddit users in Solana-themed subreddits, sneaking instructions into transactions to reroute funds to a different wallet. Sneaky, right? Jupiter’s got your back, though.
So, buckle up, because it looks like the Solana ecosystem is about to get a whole lot more exciting!
