Jupiter Buys SolanaFM and Coinhall to Expand DEX Services

Published: September 21, 2024|Last updated: September 21, 2024

Jupiter, the leading DEX on Solana, acquires SolanaFM and Coinhall to expand its trading and analytical services
SolanaFM will continue operating as usual, offering users blockchain transparency and insights
Coinhall brings advanced trading tools across 23 blockchain networks, catering to 225,000 users

Jupiter, the decentralized exchange (DEX) on Solana, has acquired the blockchain explorer SolanaFM and the multichain trading terminal Coinhall. Jupiter, which boasts the largest trading volume on Solana with over $313 billion and a very active community, sees these acquisitions as a key step to expanding its DEX services.

Jupiter Buys SolanaFM & Coinhall

The acquisition will have no impact on SolanaFM, which will continue to operate as usual and provide its services to the Solana community. SolanaFM is a blockchain explorer developed specifically for the Solana network. It serves as a tool to monitor, track, and analyze transactions and smart contracts on this high-speed blockchain.

https://twitter.com/solanafm/status/1836990210787397789?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836995373241618560%7Ctwgr%5E75ef9985239e41e16a6c46c9fdf9d183769470e7%7Ctwcon%5Es3_&ref_url=https%3A%2F%2Fit.cryptonews.com%2Fnews%2Flexchange-decentralizzato-jupiter-acquisisce-solanafm-coinhall-e-diventa-mobile%2F

Similar to Etherscan for Ethereum, SolanaFM provides transparency on network activities, allowing users to view detailed information about addresses, blocks, programs, and transactions.

Jupiter also announced the acquisition of Coinhall, which serves over 225,000 users across 23 blockchain networks.

https://twitter.com/coinhall_org/status/1836984674586874290?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1836984674586874290%7Ctwgr%5E75ef9985239e41e16a6c46c9fdf9d183769470e7%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fit.cryptonews.com%2Fnews%2Flexchange-decentralizzato-jupiter-acquisisce-solanafm-coinhall-e-diventa-mobile%2F

Coinhall is a market analysis and trading platform specialized in the cryptocurrency ecosystem, particularly in DeFi networks. It offers advanced pro-trading tools, including real-time charts, price data, and integrations with various decentralized exchanges.

Conclusion

In summary, Jupiter’s acquisition of SolanaFM and Coinhall represents a significant step in expanding its decentralized exchange services. These moves strengthen Jupiter's position within the Solana ecosystem without disrupting the regular operation of SolanaFM.

With Coinhall onboard, Jupiter aims to offer even more advanced tools for trading across multiple blockchains. All in all, Jupiter’s future looks very promising!

The content provided in this article is for informational and educational purposes only and does not constitute financial, investment, or trading advice. Any actions you take based on the information provided are solely at your own risk. We are not responsible for any financial losses, damages, or consequences resulting from your use of this content. Always conduct your own research and consult a qualified financial advisor before making any investment decisions. Read more