Solana-based DEX Jupiter has the highest share in Moonshot
Solana-based decentralized exchange (DEX) aggregator Jupiter has announced that it has acquired a majority stake in Moonshot, which allows users to buy memecoins using Apple Pay.
Meow, the anonymous founder of Jupiter, shared the news on X on January 25th.
“For the first Catstanbul announcement, I am very happy to share that Jupiter Exchange has taken a majority stake in Moonshot. The team is one of the smartest and most driven group of people I have ever met.
In particular, the popularity of Moonshot increased following the launch of Donald Trump's official TRUMP memecoin on January 18.
On January 1, the Moonshot app was ranked 309th in the US App Store's Finance category. However, a day after the TRUMP memecoin launched, Moonshot rose to the top spot.
During the TRUMP memecoin's debut, the moonshot saw nearly $400 million in trading volume. On January 20, Moonshot recorded 1 million daily active users. Launched in July 2024, Moonshot is a self-hosting app powered by TurnkeyHQ.
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Jupiter bought SonarWatch
Jupiter has announced the acquisition of SonarWatch, a portfolio tracking tool that is being integrated into the Jupiter platform.
As part of the acquisition, SonarWatch will deploy a standalone platform, migrating features and innovations to Jupiter's portfolio tracking website.
As Sonar Watch is fully integrated into the Jupiter brand, Sonar Watch's native token SONAR will also be terminated.
On January 25, Jupiter also introduced a series of updates to the platform, which included the introduction of “Ultra Mode”, which provides features such as real-time slip estimation, flexible advance payments and optimized transaction management. A new security tool called Jupiter Shield will also be launched soon.
Source: Jupiter Exchange
The platform's manual mode has been enhanced with routing and broadcast options, giving users more control over their businesses. On the sustainable side, new features like limit orders and one-click trading have been added.
Jupiter has announced that these updates are being released in beta.
At the time of publication, Jupiter had not disclosed the financial terms of the Moonshot purchase. Cointelegraph reached out for more details but did not receive a response at the time of publication.
Amidst these announcements, JUP has risen 10 percent in the past 24 hours, trading at $0.93.
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