DEX aggregator Jupiter acquires SolanaFM, Coinhall

Jupiter co-founder Siong Ong announced Friday at the Solana Breakpoint event in Singapore that the decentralized exchange aggregator has acquired blockchain explorer SolanaFM.

“By joining forces with Jupiter, we’ll focus on 10x-ing the data and infrastructure capabilities on Jupiter,” SolanaFM said in an X post.

SolanaFM, which raised $4.5 million from SBI Group in 2022, allows users to access and interact with Solana data through its indexer and explorer tools. 

“We are also buying Coinhall, the number one aggregator across Cosmos,” Jupiter’s Ong said during his keynote speech at Breakpoint. Coinhall, an onchain trading terminal,  provides swaps across decentralized exchanges on Solana and Cosmos blockchains. According to Ong, Coinhall has over 225,000 users across 23 chains. 

The team did not reveal the exact deal terms of the two acquisitions.

At Friday’s event, Ong also announced other critical updates for Jupiter that will go live in the coming weeks, such as Jupiter Mobile, a mobile app built with MoonPay that Jupiter users can access via Apple or Google Pay with zero platform fees.

Other updates include the planned launch of Ape.Pro, an upgrade to its memecoin trading platform Ape that plans to allow users to trade and mint memecoins on mobile with social logins.

Jupiter is also launching its own API platform, Metropolis, to provide more comprehensive liquidity APIs for developers across token, price and swap APIs. “With [Metropolis], all liquidity needs are in one single set of APIs,” Ong said.