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Jupiter, a leading decentralized exchange (DEX) on Solana, stole the show at Breakpoint 2024 with a flurry of groundbreaking announcements in Singapore on Friday, including a user-friendly mobile app and a revolutionary memecoin trading platform.
Make millions onboard on Solana – with Jupiter Mobile
— Jupiter 🪐 (@JupiterExchange) September 20, 2024
We want to make it friction-free to use Solana with Jupiter Mobile.
Jupiter Mobile will launch soon, with 0 platform fees, full onramp using Apple/Google Pay or Credit Cards.
Coupled with a 1-tap swap experience, onboarding… pic.twitter.com/B6q5iLLeLj
Mobile Revolution Incoming
The biggest news came with the unveiling of Jupiter Mobile. This mobile app removes the friction often associated with decentralized finance (DeFi). With in-app fiat on-ramp capabilities via Apple Pay, Google Pay, and credit cards, users can seamlessly buy crypto and start swapping tokens with just a tap.
This frictionless approach, coupled with zero platform fees, aims to onboard millions of new users to the Solana ecosystem, co-founder Siong said during his keynote session.
Gasless Perps and Deeper Liquidity
The excitement didn't stop there. Jupiter announced a significant upgrade to their perpetual futures (perps) offering, dubbed "Perps v2." This upgrade introduces gasless transactions, one of the most anticipated features in the DeFi space. This eliminates gas fees entirely, allowing for faster trades and a smoother trading experience.
Furthermore, Perps v2 ushers in limit orders, a highly requested feature, and leverages the Dove oracle standard for improved price discovery. This standard utilizes chaos pricing data with Pyth as a backup, aiming to make Solana the premier destination for perpetual futures trading.
Ape Pro: The Memecoin Powerhouse
Jupiter debuted Ape Pro, a comprehensive platform designed for the ever-growing memecoin market. Ape Pro boasts two key features: Ape Trading and Ape Mint.
Ape Trading offers a suite of groundbreaking features. With account abstraction, users can trade memecoins without needing to manage seed phrases, enhancing security and user experience. Additionally, Ape Pro leverages Google login for easy access, provides trading signals for informed decision-making, and boasts some of the lowest fees in the industry at just 0.5%. This mobile-friendly platform is poised to disrupt the memecoin trading landscape.
The Ape Mint component enables users to easily mint their own memecoins with features like locking, vesting, and the ability to earn perpetual swap fees.
Strategic Acquisitions
Jupiter's commitment to expanding the Solana ecosystem was further underscored by two strategic acquisitions.
The platform acquired SolanaFM, a leading Solana data provider and block explorer, and Coinhall, the leading aggregator across the Cosmos ecosystem. These acquisitions position Jupiter as a key player in both the Solana and Cosmos ecosystems, offering users a more comprehensive range of services and opportunities.
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