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Jupiter Acquires SolanaFM and Coinhall, Announces Major Updates at Solana Breakpoint

Jupiter

Solana-based decentralized exchange (DEX) aggregator Jupiter made interesting purchases and enhancements at the Solana Breakpoint event held in Singapore. Jupiter bought blockchain explorer SolanaFM and distributed trade terminal Coinhall, therefore supporting Solana and Cosmos blockchains.

Friday’s verifying of the transactions revealed that increasing Jupiter’s infrastructure and data capacity is the aim, co-founder of Jupiter Siong Ong stated. Having previously raised $4.5 million from SBI Group in 2022 SolanaFM, noted for its blockchain indexer and Explorer tools, SolanaFM said on X, “by focusing on 10x-ing the data and infrastructure capabilities on Jupiter by joining forces with Jupiter.”

Ong also noted Jupiter’s acquisition of Coinhall, the leading DEX aggregator for Cosmos with more than 225,000 users dispersed over 23 blockchains. Not mentioned were the particular acquisition terms.

Apart from these improvements, Ong noted various unique traits for Jupiter users. Originally launched with MoonPay, the mobile app Jupiter Mobile will let customers trade using Apple and Google Pay free from platform costs.

Still another significant shift is the upcoming release of Ape.Pro, a rebuilt version of Jupiter’s memecoin trading system. Using even more simplicity, Ape.Pro will let users trade and manufacture memecoins on mobile devices including social login possibilities.

Jupiter is also launching Metropolis, their own API platform designed to give developers all-around liquidity tools. Simplifying liquidity access across token, price, and swap APIs would let Metropolis enables developers to satisfy their liquidity needs all in one place.

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