Jupiter is a decentralized exchange serving tokens on the Solana blockchain. Jupiter provides users with liquidity for a large number of tokens and gives out the most profitable pairs for exchange. DEX was opened for public use in October 2021. This is an article from catalogue CryptoDeFix. To date, Jupiter processes $30 million in transactions per day.
To work with the exchange, the user must connect a Web3-wallet that supports Solana network. Jupiter is Solana’s liquidity aggregator, it is connected to most of the network’s projects and collects information directly or using 2-hop rout to check values. DEX now contains 337 coins and 1,295 pairs, but developers are adding new tokens almost constantly. They are added automatically, listing those tokens that are in Solana’s token registry. In addition to the number of coins, the developers also regularly update the number of available markets and liquidity pools.
Jupiter’s interface is an AMM, where the user selects a pair of tokens to be swapped. After selecting a pair, the user gets a list of the most profitable exchange sources; by selecting the source, the user can make a transaction. The lists of sources are updated in real time, you can also enable/disable showing the limit of intermediate tokens and set the slippage percentage. The token swap takes place in a single transaction.
- Solana liquidity aggregator
- Getting the most effective swap results
- Automatic listing of new tokens and markets
- Swap in one transaction
- SDK for developers
- Intuitive UX
Decentralized exchanges (DEX)
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