Jupiter, a leading DEX aggregator, has expanded its ecosystem by acquiring SolanaFM, a blockchain explorer, and Coinhall, a decentralized trading terminal for Solana and Cosmos blockchains. The announcement was made by Jupiter co-founder Siong Ong during the Solana Breakpoint event in Singapore, signaling a significant step in enhancing Jupiter’s data and infrastructure capabilities.
SolanaFM Joins Forces with Jupiter
SolanaFM, known for its blockchain indexing and exploration tools, was acquired to bolster Jupiter’s data infrastructure. SolanaFM raised $4.5 million from SBI Group in 2022 and offers users advanced tools to access and interact with Solana data. According to SolanaFM’s announcement on X, their collaboration with Jupiter aims to “10x the data and infrastructure capabilities on Jupiter.”
Coinhall Acquisition Strengthens Multi-Chain Trading
In addition to SolanaFM, Jupiter has acquired Coinhall, an on-chain trading terminal renowned for its aggregation capabilities across decentralized exchanges on Solana and Cosmos. Coinhall boasts a user base of over 225,000 across 23 different blockchain networks. While the financial terms of the acquisitions were not disclosed, these strategic moves are expected to significantly enhance Jupiter’s multi-chain trading ecosystem.
Upcoming Innovations: Jupiter Mobile, Ape.Pro, and Metropolis API
Ong also unveiled several upcoming innovations that will soon be available to Jupiter users. Jupiter Mobile, a new mobile app developed in partnership with MoonPay, will allow users to trade using Apple or Google Pay with zero platform fees. Ape.Pro, an upgrade to the memecoin trading platform Ape, will enable users to trade and mint memecoins on mobile devices with social logins, making the process more accessible.
Moreover, Jupiter is set to launch Metropolis, a comprehensive API platform designed to meet all liquidity needs for developers. Metropolis will offer a unified set of APIs covering token, price, and swap functionalities, streamlining liquidity management across the platform.
Conclusion
Jupiter’s acquisitions of SolanaFM and Coinhall, along with the introduction of new tools like Jupiter Mobile, Ape.Pro, and the Metropolis API platform, mark a significant expansion in its ecosystem. These developments are poised to enhance the user experience by offering more robust data, multi-chain trading, and seamless mobile access.
