Decentralized buying and selling platform Jupiter is buying blockchain explorer SolanaFM to broaden its capabilities, leveraging the trade’s infrastructure.
Solana-based decentralized crypto trade aggregator Jupiter has acquired Etherscan-backed blockchain explorer SolanaFM. In an X announcement on Sept. 20, the blockchain explorer stated it’ll deal with “10x-ing the information and infrastructure capabilities on Jupiter,” including that the platform will “proceed to function as normal.”
Launched in 2021, SolanaFM supplies customers with detailed insights into Solana’s community information, together with transaction historical past, sensible contracts, and token info. In 2022, the explorer secured $4.5 million in a seed funding spherical led by SBI Group’s Digital Asset Alternative Fund. In December 2021, SolanaFM additionally managed to safe investments from a funding spherical led by Etherscan and Coinhako.
Alongside the acquisition, Jupiter introduced Jupiter Cellular, a fee-free cell app in-built partnership with MoonPay. Whereas the app’s launch date stays undisclosed, it’ll help main cost strategies, together with Apple Pay, Google Pay, and bank cards, furthering accessibility for customers. Following the information, Jupiter’s (JUP) token gained 11%, hovering to $0.87.
The acquisition and product launch comes as Jupiter grapples with safety threats. In August, the trade warned customers a few malicious Chrome extension named “Bull Checker” concentrating on Solana customers. Jupiter recognized this extension after intensive investigations into consumer complaints, highlighting ongoing dangers within the ecosystem whilst Jupiter seeks to broaden its providers and market presence.