Jupiter (JUP) is a DEX that provides over 80% of all retail liquidity on Solana.
Jupiter aims to completely replace CEX by providing excellent low commission, fast speed products based on Solana's highly scalable infrastructure. At the time of writing, Jupiter's daily trading volume is around $240 million.
How Jupiter (JUP) works
Jupiter offers users a simple and accessible entry into the world of cryptocurrency trading. Jupiter aims to provide an intuitive and user-friendly experience, making #DeFi accessible to everyone from experienced traders to newcomers to the cryptocurrency space.
Jupiter introduces the following products
Jupiter Swap.
The backbone of Jupiter is its #DEX and AMM, known as Jupiter Swap. The platform provides a seamless and secure token exchange on the Solana blockchain. Whether you are an experienced trader or just starting out, Jupiter Swap provides the ability to trade a variety of tokens with minimal slippage.
Benefits
- Solana network liquidity: Jupiter Swap leverages the liquidity of various DEX and #AMMs in the Solana ecosystem, providing a wide range of available token pairs.
- User-centric interface: With its user-friendly interface, Jupiter Swap simplifies the trading process, allowing users to swap effortlessly.
- Slippage Reduction: With aggregated liquidity, Jupiter Swap minimises slippage errors, ensuring that users receive the expected amount when exchanging tokens.
Jupiter Limit Order
Those who prefer a more controlled approach to trading can utilise the Jupiter Limit Order. This feature allows users to place limit orders on Solana, ensuring trades are executed at the prices they specify. This is especially useful in volatile market conditions.
Benefits
- CEX experience: Users can create limit orders as easily as on CEX.
- No slippage: Unlike market orders, limit orders ensure that users receive the quoted price without slippage, which is especially valuable in volatile markets.
Jupiter DCA
Dollar Cost Averaging (DCA) is a powerful strategy where you regularly invest a fixed amount of money over time, reducing the impact of market volatility and potentially lowering the average cost of your investment. Jupiter makes this strategy available to everyone through its DCA feature. This tool automates the purchase or sale of SPL tokens at regular intervals over a set period of time, giving users the ability to accumulate or dispose of their crypto assets unnecessarily.
Benefits
- Automated Trading: Jupiter DCA automates order execution over time, eliminating the need to do so manually.
- Balance Tracking: Track your current DCA orders, monitor progress and view balance summaries.
- MEV Frontrun Mitigation: Orders are processed in 2 to 30 seconds, reducing the risk of exposure to exploits and ensuring users do not lose assets.
Others
In addition to the three main products mentioned above, Jupiter also offers a bridge that helps move assets to and from Solana, as well as Jupiter Perpetual, a derivatives trading platform that is in beta testing.
JUP token information
