Jupiter (JUP)
- Official Website: jup.io
- Definition: Jupiter is a decentralized exchange (DEX) aggregator on the Solana blockchain.
- Category: DeFi, Token.
- What It Is: A platform that aggregates liquidity from multiple DEXs to provide the best trading rates.
- Function: Enables efficient and low-cost trading on Solana.
- Analogy: Think of Jupiter as a travel booking site. It finds the best routes (trades) across multiple airlines (DEXs).
- Pros: Efficient trading, low fees, strong integration with Solana.
- Cons: Reliance on Solana’s success, competition from other DEX aggregators.
- Controversies: Smart contract risks, regulatory scrutiny.
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This page was last updated on January 28, 2025.
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