Jupiter Bolsters Ecosystem with Strategic Acquisitions of SolanaFM, Coinhall

Jupiter Exchange, the top decentralized exchange (DEX) aggregator by volume and the top perp DEX on Solana has further solidified its position in the Solana landscape with the strategic acquisitions of Coinhall and SolanaFM, Jupiter co-founder Siong announced in a keynote at the Breakpoint conference in Singapore on Friday.

The acquisition of Coinhall, a leading aggregator across the Cosmos ecosystem, is a strategic move that positions Jupiter as a bridge between the Solana and Cosmos chains. By acquiring Coinhall, Jupiter can offer users from both ecosystems a more seamless experience, providing access to a wider range of decentralized applications and services, including its expertise in pro-trading terminals, realtime infra, and crosschain.

The platform "will continue business as usual, operating as a platform and brand under the Jupiter umbrella, focusing primarily on the Cosmos and upcoming EVM ecosystems while consolidating our Solana integrations into Jupiter products," Coinhall said.

SolanaFM, a leading Solana data provider and block explorer, will play a crucial role in enhancing Jupiter's data infrastructure. This acquisition will allow Jupiter to offer users more comprehensive and accurate data, improving the overall trading experience and decision-making capabilities.

The combination of Coinhall and SolanaFM with Jupiter's existing offerings presents significant synergies. By leveraging Coinhall's expertise in aggregating data from the Cosmos ecosystem, Jupiter can provide users with a more comprehensive view of the market.

Additionally, SolanaFM's data infrastructure can be integrated into Jupiter's platform to enhance its trading tools and analytics capabilities.