Jupiter, a leading decentralized exchange (DEX) aggregator on the Solana platform has bought a majority stake in Moonshot, a site that enables people to purchase memecoins with Apple Pay. The acquisition is a testament to Jupiter’s strategy of expanding its ecosystem by capitalizing on Moonshot’s recent success, which saw the app shoot to the top of the US App Store’s finance category after the launch of the TRUMP memecoin. Moonshot recorded $400 million in trading volume and 1 million daily active users just days after the memecoin’s debut, cementing its position as a major player in the crypto space.
Moonshot and SonarWatch Acquisitions
Jupiter has also acquired SonarWatch, a portfolio-tracking tool. The features of SonarWatch will be incorporated into Jupiter’s platform, and the integration also means the native SONAR token is going to be discontinued. Instead, token holders can exchange SONAR for JUP, the native token of Jupiter, further consolidating the ecosystem under Jupiter’s brand.
Solana-based DEX Jupiter acquires majority stake in Moonshot https://t.co/oUctH1HpvF via @cointelegraph
— Antonio Iglesias (@Antonio72112202) February 10, 2025
Platform Upgrades for Better User Experience
Jupiter has made available updates, like “Ultra Mode,” which includes slippage estimation and handling of transactions on its platform and upgrades in Manual Mode for control over trades. On the perpetual trading side, limit orders and one-click trading have been integrated. They also announced their Jupiter Shield security tool, to boost the firm’s security for its users, set to launch soon.
More Consolidation for Jupiter in Solana DeFi
The series of strategic moves and enhancements of platforms in pursuing Jupiter demonstrates seriously the commitment towards taking decentralized finance to more accessible and efficient grounds. With the integration of Moonshot and SonarWatch as advance feature rollouts, Jupiter solidifies its position further as a leader in Solana’s DeFi landscape.
