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Decentralized exchange Jupiter acquires memecoin app Moonshot

Decentralized exchange Jupiter acquires memecoin app Moonshot
Merger of cryptocurrency companies

​The decentralized exchange (DEX) Jupiter, built on the Solana blockchain, has announced the acquisition of a majority stake in Moonshot, an app that allows users to purchase memecoins using Apple Pay.

On January 25, Jupiter's founder, known by the pseudonym Meow, shared the news on X:“I’m excited to announce that Jupiter Exchange has acquired a majority stake in Moonshot. The team behind this app is one of the smartest and most dedicated groups of people I’ve ever worked with.”

Currently, Jupiter ranks third among Solana’s DeFi protocols, with a total value locked (TVL) of $2.83 billion, according to DefiLlama. It follows only Raydium and Jito in the rankings.

In addition to Moonshot, Jupiter has also announced the acquisition of SonarWatch and the integration of its portfolio tracking tool into Jupiter’s platform.

What is Jupiter?

Jupiter is a decentralized exchange built on the Solana blockchain, offering users advanced tools for cryptocurrency trading.

The platform leverages sophisticated order-routing algorithms to help users find the best paths for token swaps across various protocols and liquidity sources within the Solana ecosystem.

Late last year, Jupiter expanded its services by integrating new memecoins into the Solana ecosystem.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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