New York, Monday, September 30, 2024 – Jupiter, Solana’s largest decentralized trading platform, has acquired SolanaFM, a prominent blockchain explorer, to strengthen its data and infrastructure capabilities. The acquisition aims to accelerate development and improve services for the Solana community.
In a statement on Sept. 20, Jupiter, which has handled over $300 billion in trading volume, expressed optimism about the deal, anticipating a significant boost to its data capabilities. SolanaFM, founded in 2021 by Singapore Management University students, has been instrumental in providing insights into Solana’s transaction histories and smart contracts. It will continue operating while amplifying Jupiter’s potential.
SolanaFM has received substantial backing, including $4.5 million raised in a 2022 seed funding round led by SBI Group and contributions from Ethereum explorer Etherscan.
At the Breakpoint conference, Jupiter also revealed updates like the launch of its Metropolis API to streamline development, a new RFQ system to enhance liquidity, and plans to release Jupiter Mobile, which will enable token swaps using Apple Pay and Google Pay with no fees.
