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Solana Ecosystem Jupiter launches giant unified market plan! Integrate cryptocurrencies, RWA, stocks and more

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2024-06-03 10:19:34526browse

Solana Ecosystem Jupiter launches giant unified market plan! Integrate cryptocurrencies, RWA, stocks and more

Jupiter, the transaction aggregation protocol of the Solana ecosystem, announced yesterday that it will build a Giant Unified Market (GUM), planning to integrate all assets including cryptocurrencies, RWA, stocks and others type of assets to strengthen the positioning of its aggregate products.

What is Jupiter

Jupiter was established in 2021 to establish an on-chain aggregation exchange based on the Solana ecosystem to provide users with the best transactions by integrating the liquidity of decentralized exchanges on the chain. Path, coupled with its simple interface, has successfully mastered Solana’s leading position in transaction aggregation.

According to Jupiter’s own statistics, the 24-hour trading volume reaches one billion US dollars.

Jupiter’s Giant Unified Market Plan

Jupiter announced that it will launch a giant unified market plan as an important direction for the next step in the development of the agreement.

Jupiter’s goal is to further integrate liquidity, whether it is Meme coins, RWA, stocks or other assets. The team’s goal is to bring all these assets to the Solana ecosystem and index them on the Jupiter platform, providing One-stop trading service for users.

Jupiter not only wants to integrate transactions of all tokens, but also hopes to expand to all assets.

Splitting this ambitious vision of integrating all assets, the team believes that the following three things need to be done in the Solana ecosystem to have a chance to achieve the goal:

  • More diverse Asset integration: bringing more assets to the Solana network

  • More sufficient liquidity: creating enough markets for these assets

  • More Stable asset access: ensuring smooth access and operation of assets

Obviously, this plan cannot be achieved by Jupiter alone, so it requires a qualified alliance to work together and cooperate Partners do this. Members currently announced to join the alliance include the following:

Solana Ecosystem Jupiter launches giant unified market plan! Integrate cryptocurrencies, RWA, stocks and more

##Jupiter JUM Alliance Partner

Jupiter Giant Unified Market Alliance Partner

  • Dinari: Provides stock token services. For example, U.S. stocks including AAPL and COIN tokenization can be introduced into the Solana ecosystem.

  • Villcaso: Provides real estate tokenization services,

  • Open Eden: Vault on the chain, providing deposit users with real U.S. interest rate returns.

  • Wintermute and DWF Labs: market makers, ensuring sufficient liquidity for various assets.

  • Solana Foundation: Provides tokenization standards and technology-related assistance.

  • Asymmetric: Provides external funding and investment.

The Jupiter team stated that the current alliance is flexible and welcomes more potential partners and participants to join in this unified market plan.

Jupiter seizes the right advantages to take advantage

Jupiter’s airdrop activity can be said to be one of the driving forces that started Solana’s bull market, so it has become a well-known star brand in the Solana ecosystem. It is indeed Opportunities and capabilities can serve as the main axis for integrating all parties, and its development is exciting.

However, it should be noted that the plan is still in the development stage, and there may be a long preparation period before it is officially launched, and the integration of such real assets is expected to have many legal challenges that need to be overcome.


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