What is Jupiter (JUP)?
Jupiter is a decentralized exchange (DEX) aggregator platform that supports users in swapping tokens with low slippage and affordable transaction fees within the Solana ecosystem. The project's representative announced the airdrop of JUP tokens to nearly one million user wallets on November 16, 2023, during the Solana Breakpoint event. Let's explore more about Jupiter in the following Coin68 article!
Jupiter is a DEX Aggregator platform built on the Solana ecosystem, supporting users in swapping tokens with low slippage and affordable transaction fees. Jupiter's goal is to provide a diverse product with features such as Swap, Limit Order, Perpetual, etc., all within a user-friendly interface.
Jupiter incorporates several features to enhance the user experience. One of these features is the "Swap" functionality, which enables users to swap various supported SPL tokens with low slippage and minimal fees.
Limit Order
"Limit Order" is a feature that allows users to place buy or sell orders for a specific price. This can help traders avoid slippage and get the best possible price when buying or selling tokens.
Additionally, users can set a time limit for their limit orders. If, by the specified time, the buy or sell price for the user's token does not match, the order will be automatically canceled.
DCA
This is a feature that allows users to purchase a specified quantity of tokens at a set price range within a user-defined time period. The time intervals can be in minutes, hours, days, weeks, or months.
Bridge
This feature allows users to bridge tokens from various EVM (Ethereum Virtual Machine) blockchains such as Ethereum, BNB Chain, Arbitrum, or non-EVM blockchains like Tron to Solana. Jupiter will identify the optimal route to ensure low slippage and transaction fees for users.
Perpetual
This is a feature that allows users to trade futures contracts for various tokens supported by Jupiter with a maximum leverage of x100. Currently, this feature is in the beta testing phase and will be officially launched by Jupiter in the near future.
