Jupiter ($JUP) has emerged as a leading decentralized exchange (DEX) liquidity aggregator on the Solana blockchain, bringing innovation and efficiency to the world of decentralized finance (DeFi). Launched in 2021, Jupiter gathers liquidity from various DEXs like Raydium, Serum, Orca, and more, enabling users to trade Solana-based tokens at the best rates available.
If you’re new to Jupiter or looking to dive deeper into its offerings, this blog covers everything you need to know, from its recent mobile app release to how you can trade $JUP tokens on Millionero Exchange.
What is Jupiter ($JUP)?
Jupiter functions as a DEX aggregator that leverages Solana’s high-speed blockchain to provide superior trading experiences. By pooling liquidity from multiple DEXs, it offers users the best prices for token swaps and ensures lower slippage. Jupiter’s platform supports a range of services, including token swaps, limit orders, dollar-cost averaging (DCA), and cross-chain bridging, making it a go-to destination for DeFi enthusiasts.
Why Jupiter?
With over half a billion daily volume and a total volume exceeding $42 billion, Jupiter has solidified its position as a major player in the Solana ecosystem.
Here is why it stands out:
- Comprehensive DeFi Services: Jupiter offers more than just token swaps. It provides limit orders, perpetual futures trading with up to 100x leverage, and cross-chain asset transfers between Solana, Ethereum, BNB, and all other main chains.
- High Liquidity: Jupiter’s ability to aggregate liquidity from multiple DEXs ensures that users get the best rates for their trades.
- Token Swaps, Limit Orders and DCA: Users can set limit orders directly from $JUP, similar to centralized exchanges (CEXs), ensuring trades are executed at desired price points. They also have an easy to use, set and forget DCA Dollar-cost-averaging tool.
- User-Centric Innovations: Jupiter’s recent mobile app release further enhances its accessibility, enabling users to trade anytime, anywhere.
What’s New with Jupiter’s Mobile App?
The newly launched Jupiter mobile app is designed to make trading on-the-go seamless and efficient.
Source | @JupiterExchange X
One of the significant features is the ability to deposit funds in exchange via bank and credit cards.
Currently, the app only supports Apple Pay, with Google Pay expected to be added soon. However, the application has yet to be available on Google Play.
In the words of Jupiter’s architect, @weremeow himself:
- The best mobile swap experience in crypto, with zero configuration, zero platform fees and auto retries
- Focused onramp to Solana, with Apple Pay, Credit Card, etc
- All the tokens you can possibly want to trade in Solana from the newest Pump tokens to the most OG coins – all sorted, verifed and easily searchable.
How to Trade $JUP on Millionero Exchange
For those looking to trade $JUP tokens, Millionero offers an easy-to-use platform for both spot and perpetual trading:
1. Spot Trading on Millionero
Spot trading allows users to buy and sell $JUP tokens instantly at the current market price. This is perfect for those looking to hold $JUP tokens long-term or take advantage of price movements.
- Start Trading JUP/USDT on Spot: Millionero Spot Trading
2. Perpetual Trading on Millionero
With perpetual trading, users can take advantage of market movements by using leverage. This means you can trade with a larger position size than your capital, enhancing potential gains (but also increasing risks).
- Explore Perpetual Trading for JUP/USDT: Millionero Perpetual Trading
JUP Tokenomics
$JUP’s tokenomics are designed to foster long-term growth and community engagement. With a total supply of 10 billion $JUP, 35% is allocated for community use, including airdrops and rewards, while the remaining 40% is held by the Jupiter team. The circulating supply currently stands at 1.35 billion $JUP, valued at around $0.72 per token. Find out more on Token Unlocks.
Why Trade JUP on Millionero?
Millionero provides a secure, user-friendly environment to trade $JUP tokens. With competitive trading fees, high liquidity, and an intuitive interface, it’s an excellent choice for both beginners and experienced traders.
Whether you’re looking to buy $JUP as an investment or trade it for short-term gains, Millionero has you covered with its trading tools and support for both spot and perpetual trading pairs.
Final Thoughts
Jupiter continues to push the boundaries of what’s possible in DeFi by offering cutting-edge trading tools and a thriving ecosystem within the Solana network. Its recent mobile app launch and innovative features make it a strong contender for anyone looking to explore DeFi trading.
But remember, this is not financial advice. Always do your own research (DYOR) and consult reliable sources like blog.millionero.com to stay updated on the latest developments.
Happy trading!