Ever found yourself trying to lend or swap tokens and engage in various DeFi activities, only to scramble between multiple protocols to accomplish it all? It can be quite frustrating, especially when high slippage and failed transactions become frequent obstacles.
I've certainly faced this predicament, particularly on EVM chains. Thankfully, interacting on Solana with Jupiter has been a breeze for me, making the whole process much more enjoyable, haha!
@Jupiter šŖ has moved beyond being known solely as a DEX aggregator.
The Jupiverse is continually expanding with new launches, improvements, and milestones achieved both internally and externally.
Over 13 products have been built and integrated, and here is everything you need to knowš
Most DeFi apps are disorganized, featuring poor interfaces and the hassle of switching between dapps. The Jup team is growing with the community to create top-notch products.
šWhat is a SuperAPP?
A SuperApp provides all in one core features and access to miniapps for users. For developers, it integrates platform capabilities for creating these miniapps. JupiterExchange has become this all-in-one platform, empowering both users and builders to reach their full potential.
šWhy is JUPITER important and what problems does it solve?
Before diving into why Jupiter is different, let's quickly highlight the various products in the Jupiverse.
(1) Lend: Jupiter lend is Jupiter's DeFi platform for lending and borrowing crypto. Currently in public beta, it boasts a total market size of over $750M. Earn yield with appealing incentives, borrow at competitive rates with higher LTVs, and multiply your assets with a single click.
(2) Swap: Jupiter Swap is the leading DEX aggregator on Solana, combining liquidity from over 20 DEXs and AMMs. It uses smart routing to split trades, ensuring the best prices with minimal slippage. Other swap features include Trigger and Recurring trade options. What is known as a spot order on CEXs is referred to as a trigger order, and Auto-invest on Binance is called a Recurring trade order here. With the recurring order, users can preset trades, making it one of the best DCA strategies.
(3) Perps: This is a decentralized futures platform in the Jupiverse offering up to 100x leverage. Unlike other decentralized perp exchanges, there's no need to deposit cash into the exchange.
(4) Portfolio: it is wallet tracker displays all your funds across the Solana ecosystem. Who knows, Just like you might even find lost tokens in protocols you've forgotten about.
(5) Mobile: The jup mobile is available on Play Store and iOS. Access all Jupiter products from the app and trade seamlessly.
(6) Governance: jup_dao is the first voting platform for Cats Community members stake $JUP and participate in decision-making by casting their votes on proposals. Total JUP staked so far is 614,767,522 $JUP
To keep it concise, hereās the rest of the product list:
6. JLP Loan
7. Verify
8. Jupnet
9. Drip - drip_haus
10. Jup PRO - JupPro
11. Studio - jup_studio
12. Lock
13. Bridge
14. APIs
15. Plugins
16. JLP Loans
Jupiter is crucial to Solana's DeFi, processing over $2.35 trillion in swaps and billions daily, surpassing many centralized exchanges. It dominates 95% of Solana's DEX aggregator market.
Jupiter simplifies DeFi trading in popular wallets and apps, promoting mass adoption by merging DeFi complexity with CEX-like simplicity. It tackles liquidity fragmentation on Solana, enhancing speed and cost efficiency.
On Solana, token prices vary across platforms due to isolated liquidity pools, causing suboptimal trades. Jupiter solves this by aggregating liquidity from over 20 DEXs and AMMs, using smart routing to split trades and ensure the best prices with minimal slippage. Traditional DEXs face price discrepancies and failures in volatile or low liquidity markets. Jupiter, leveraging Solana's efficiency, dynamically optimizes routes, minimizing price impact and offering deep liquidity through its JLP pool, where LPs earn fees.
All In One platform: Users juggle apps for swaps, lending, or launchpads, facing extra fees and network issues.
Jupiter merges these into one interface with tools like DCA/VA for automated investing, limit/stop-loss orders, and gasless transactions, reducing failed trades and competing with CEXs.
Jupiter offers seamless wallet integration (e.g jup mobile), one-click logins, and APIs for embedding swaps/DCA into dApps, plus a "strict token list" for safety.
It's expanding to omnichain capabilities via JupNet for cross chain lending and unified markets like ERC-20s.
A lot has been going on in the Jupiverse, and if you don't get onboard, you'll be sidelined.
Here are some ecosystem accounts you should keep tabs on:
