### What is Jupiter?

Jupiter is a decentralised exchange aggregator on the Solana blockchain. It provides essential liquidity infrastructure and facilitates seamless token swapping across the Solana ecosystem.

### How does Jupiter work?

Jupiter operates on the Solana blockchain, utilising its high-performance capabilities for speed and low transaction costs. The platform functions as a swap aggregation engine, pooling liquidity from various decentralised exchanges to ensure efficient token swaps with minimal slippage. Jupiter uses smart contracts for its exchange operations and governance processes, leveraging Solana's Proof of Stake (PoS) consensus mechanism.

### What are the potential use cases for Jupiter?

Jupiter's potential use cases include:

- Decentralised finance (DeFi) applications such as decentralised trading and liquidity provision.
- Gaming industry applications for facilitating in-game asset transactions.
- Supply chain management for enhancing transparency and traceability.
- Healthcare industry applications for secure data storage and sharing.
- Peer-to-peer energy trading in the energy sector.

### What is the history of Jupiter?

Jupiter was founded by a team including Fabiano Solana, Rolex Gold, Mei, and Meow, with the goal of creating a decentralised exchange aggregator on the Solana blockchain. It launched in October 2021 and quickly introduced key functionalities like Metropolis APIs and a token airdrop. Jupiter has achieved significant milestones, such as reaching a record high in Total Value Locked (TVL) and partnering with burgeoning projects like Sanctum. The platform is noted for its innovations in DeFi and strong community engagement.

Jupiter

Ethena

Velo

Bonfida

Jupiter (JUP)

Similar Coins

ENA

VELO

FIDA

HFT

UNIBOT

PANDA

WHALES

LAYER

Resources

Jupiter (JUP) Price Index

Jupiter Price

Trading volume

Market cap

Resources