Solana-Based Exchange, Jupiter Records Highest Number of Unique Active Wallets
Jupiter exchange aggregator, the most popular on the Solana network, has been named the number one Decentralized Exchange after recording the highest number of Unique Active Wallets across all chains.
According to a tweet on the official X page of SolanaFloor, the DEX recorded about 196k unique active wallets on Thursday, pushing it to the top of the list with others like Uniswap V3 and Raydium following it.
More on Jupiter
Created in 2021 by an anonymous developer, “Meow,” Jupiter has become one of the apps often used on the Solana ecosystem because users have found it cheaper to swap between Solana-based tokens when using the DEX on the Solana network.
Another reason for the exchange’s popularity is its ability to offer users other features, such as a Swaps tool, a Payments API to specify output token amounts, limit orders, and dollar-cost averaging (DCA).
In 2024, a few years after Jupiter DEX generated significant attention and buzz in the crypto space when it officially launched its token JUP via an airdrop. The exchange airdropped $700 million worth of JUP tokens to about one million Solana users, making it one of the largest airdrops in the crypto space.
Recently, the Decentralized exchange disclosed its plans to launch a new mobile app in a bid to attract more users. The announcement also stated that the exchange bought Ultimate Wallet, a self-custody crypto wallet firm, to facilitate the launch of the mobile app.
Jupiter‘s objective is to utilize the technology of the newly acquired firm and its team to speed up the development of its mobile app, Jupiter Mobile, and improve user experience. According to the platform, the Beta version of the proposed mobile app will be available in May and will offer a one-click trading experience with no fees included.
In the quest to perpetuate its winning streak, Jupiter DEX teamed up with Coinbase yesterday. Through its partnership with Jupiter, Coinbase wallet users will have access to up to 50,000 to 80,000 Solana tokens. However, Coinbase Wallet, taking into account that some Solana tokens are risky, promises to provide chart information to users as well as an estimate of possible slippage.
