Coinranking
Jupiter Exchange, a decentralized exchange (DEX) running on the Solana Network, stands out for its liquidity pooling and focus on the Solana ecosystem. Introduced in 2021 by a developer or group known as Meow, it acts as a liquidity aggregator, pulling liquidity from various DEXs and automated market makers (AMMs) within Solana's ecosystem.
This enables Jupiter Exchange to offer optimal prices by linking DEX markets and AMM pools. The platform supports limit orders, decentralized perpetual and futures trading, Dollar Cost Averaging (DCA), and provides an in-house bridge for seamless asset transfers between Solana and other blockchains.
Moreover, Jupiter Exchange automatically lists new tokens within the Solana ecosystem for instant trading. With over $20 billion in transaction volume and 140,000 token swaps to date, Jupiter Exchange introduced its governance token, JUP, on January 31, 2024, with a significant portion reserved for an airdrop to engaged users.
