Decentralized trading platform Jupiter has acquired blockchain explorer SolanaFM to expand its capabilities, leveraging the exchange’s infrastructure.
Jupiter, the Solana-based decentralized cryptocurrency exchange aggregator, has acquired Etherscan-powered blockchain explorer SolanaFM. In a deal X advertisement On September 20, the blockchain explorer said it would focus on “increasing the data and infrastructure capabilities on Jupiter by 10x,” adding that the platform “will continue to operate as usual.”
Launched in 2021, SolanaFM provides users with detailed insights into Solana network data, including transaction history, smart contracts, and token information. In 2022, the explorer will launch Believer SolanaFM secured $4.5 million in a seed funding round led by SBI Group’s Digital Asset Opportunities Fund. In December 2021, SolanaFM also secured investments from a funding round led by Etherscan and Coinhako.
In addition to the acquisition, Jupiter It was announced Jupiter Mobile, a free mobile app created in partnership with MoonPay. While the app’s launch date has not been revealed, it will support major payment methods including Apple Pay, Google Pay, and credit cards, increasing accessibility for users. Following the news, the value of the Jupiter token (JUP) surged 11%, rising to $0.87.
The acquisition and product launch come as Jupyter struggles with security threats. In August, the exchange warned users about a malicious Chrome browser extension called “Bull Checker” that was targeting Solana users. Jupyter identified the extension after extensive investigation into user complaints, highlighting the ongoing risks in the ecosystem even as Jupyter seeks to expand its services and market presence.