Jupiter’s Acquisitions: Building the Future of On-Chain Finance
For Jupiter, the strategic acquisitions aren’t just growth tactics. Each of the acquisitions is a calculated step towards vertical integration. Jupiter is acquiring companies of different stages to create a complete ecosystem for all types of traders and investors.
Strategic acquisitions = Catalyst to be the front end of Solana
Jupiter already has the mindshare among the Solana users. The real advantage of acquisitions is getting access to the best minds in the space as well as the distribution. Distribution is a moat in DeFi.
Let’s dive into the acquisitions made by Jupiter so far.
Moonshot
Memecoins are no longer a niche “asset class”. They are mainstream now, a cultural movement. And Jupiter acquired a majority stake in one of the largest players.
Moonshot lets you buy and sell memecoins easily. It is the first iOS app to let users trade memecoins using Apple Pay. And now it is available on Android as well.
During the Trump memecoin launch, it processed around $400m in transactions in 12 hours and onboarded 200K+ users in a day.
Moonshot significantly lowers the entry friction for new users. So it is an opportunity to capture the new retail users who would otherwise be sidelined with complex onboarding.
Sonarwatch
Sonarwatch is a portfolio tracker which lets you track all your on-chain assets in one place.
With this acquisition, the goal is to be the best-in-class Solana Portfolio Tracker.
Key features include:
- Tracking up to 30 wallets
- Get the high-level portfolio overview as well as see the detailed breakdown of the assets in your wallet
- Comprehensive breakdowns of staked assets, deposits, rewards, and lending balances
Check your portfolio here — https://portfolio.jup.ag/
SolanaFM
At Solana Breakpoint 2024, Jupiter announced the acquisition of SolanaFM. SolanaFM is the most innovative Solana blockchain explorer.
- Human-readable explorer for everyone.
- World-class Solana data infrastructure
Why does this matter? Because access to more blockchain data is critical for Jupiter to scale its infrastructure. Scaling Jupiter’s ecosystem means building world-class data capabilities, and SolanaFM brings exactly that.
Coinhall
At Solana Breakpoint 2024, Jupiter also announced the acquisition of Coinhall — the #1 aggregator across Cosmos.
Coinhall brings pro-trading terminals, real-time infrastructure, and cross-chain expertise into the Jupiter ecosystem. Acquiring one of the best teams across crypto strengthens the data and infrastructure capabilities for efficient trades.
The first product which was launched after the acquisition was ApePro. You can read more about it here — https://beyondtheswap.medium.com/apepro-map-shovel-combined-into-one-3fd8bcf4b9de
Ultimate Wallet
The acquisition of Ultimate Wallet became a foundational piece in the development of Jupiter’s new mobile app. Trading on Jupiter is not just for desktop traders but for mobile users as well.
Ulitmate Wallet was acquired in April 2024.
You can read more about the Jupiter mobile app here — https://beyondtheswap.medium.com/a-beginners-guide-to-jupiter-mobile-defi-in-your-pocket-5811cc7bb743
Jupiter’s Vision
Each of these acquisitions has a distinct purpose. But together, they form a bigger picture:
Moonshot acquisition — onboards the next generation of retail traders
Sonarwatch acquisition — gives users a complete view of their portfolios
SolanaFM acquisition — powers deeper on-chain data capabilities
Coinhall acquisition — levels up pro-trading infrastructure
Ultimate Wallet acquisition — makes DeFi mobile-first
Jupiter is building an integrated, user-friendly, and data-rich ecosystem for the users.
Future of on-chain finance is not an isolated play, it is an integrated play.
For any feedback or suggestion please reach out to me @its0xRay on X or Discord. If you found this essay helpful, do consider sharing it with your friends who may be interested in exploring the Jupiverse.
