- PPF Points
- 894
Jupiter Exchange (jup.ag) is one of the best Decentralized Exchange (DEX) operating on the Solana network, launched in 2021 by an anonymous developer Meow. Jupiter exchange is also a liquidity aggregator on the Solana blockchain, which collects liquidity from various DEXs such as Serum, Orca, Raydium so that it will provide fair swap prices.
Jupiter has a Total Value Locked (TVL) of $ 2.823 billion which means Jupiter exchange's ability to provide large liquidity and high trading efficiency, in addition, Jupiter exchange also has a native token JUP, which was launched on Jan31, 2024.
Using Jupiter is very easy, users only need to connect their Solana wallet such as Phantom, Solflare, Backpack, Coinbase, Magic Eden and make sure users have sufficient Solana stored in the wallet to pay gas fees.
Features
Jupiter exchange offers various features such as swap features, market orders, limit orders, DCA features and perpetual futures,
Pros and Cons of Jupiter Exchange
Pros:
High trading volume,
Jupiter features are complete or rarely owned by other DEXs.
Best Swap Price Rate,
Cons:
One of the drawbacks of Jupiter that I know is that it is very dependent on the liquidity and stability of various other DEXs operating on the Solana network, so if there is a problem with another Solan DEX, it is likely to have a negative impact on Jupiter exchange.
Jupiter has a Total Value Locked (TVL) of $ 2.823 billion which means Jupiter exchange's ability to provide large liquidity and high trading efficiency, in addition, Jupiter exchange also has a native token JUP, which was launched on Jan31, 2024.
Using Jupiter is very easy, users only need to connect their Solana wallet such as Phantom, Solflare, Backpack, Coinbase, Magic Eden and make sure users have sufficient Solana stored in the wallet to pay gas fees.
Features
Jupiter exchange offers various features such as swap features, market orders, limit orders, DCA features and perpetual futures,
Pros and Cons of Jupiter Exchange
Pros:
High trading volume,
Jupiter features are complete or rarely owned by other DEXs.
Best Swap Price Rate,
Cons:
One of the drawbacks of Jupiter that I know is that it is very dependent on the liquidity and stability of various other DEXs operating on the Solana network, so if there is a problem with another Solan DEX, it is likely to have a negative impact on Jupiter exchange.
