Jupiter Acquires SolanaFM

Jupiter co-founder Siong Ong announced Friday at the Solana Breakpoint event in Singapore that the decentralized exchange aggregator has acquired blockchain explorer SolanaFM.

“By joining forces with Jupiter, we’ll focus on 10x-ing the data and infrastructure capabilities on Jupiter,” SolanaFM said in an X post.

SolanaFM, which raised $4.5 million from SBI Group in 2022, allows users to access and interact with Solana data through its indexer and explorer tools.

Ong also stated, “We are also buying Coinhall, the number one aggregator across Cosmos.” Coinhall, an on-chain trading terminal, provides swaps across decentralized exchanges on Solana and Cosmos blockchains. Coinhall boasts over 225,000 users across 23 chains.

The team did not reveal the exact deal terms of the two acquisitions.

Key Updates from Jupiter

At the event, Ong announced several critical updates for Jupiter set to go live in the coming weeks:

• Jupiter Mobile: A mobile app built with MoonPay, allowing users to access services via Apple or Google Pay with zero platform fees.
• Ape.Pro: An upgrade to its memecoin trading platform Ape, enabling users to trade and mint memecoins on mobile with social logins.
• Metropolis: Jupiter’s own API platform that will provide comprehensive liquidity APIs for developers across token, price, and swap APIs. Ong stated, “With Metropolis, all liquidity needs are in one single set of APIs.”