Jupiter, a prominent decentralized exchange of Solana, has recently revealed that it will acquire SolanaFM (a well-known blockchain explorer). The acquisition targets improving the infrastructure and data-related capabilities of Jupiter, signifying a remarkable move for both entities. The platform took to social media to disclose the respective endeavor.
We're also proud to acquire @SolanaFM, a native Solana explorer who has been chewing glass for 3 yearsNo one better than an explorer to 10x our data and infrastructure capabilities.We're excited to see what this team of chads can do! https://t.co/Sgh1nKyMo7
— Jupiter (@JupiterExchange) September 20, 2024
Jupiter to Acquire SolanaFM to Improve Its Capabilities Concerning Data and Infrastructure
In its latest X post, Jupiter expressed its excitement for the respective acquisition. This highlights the 3-years of SolanaFM’s dedicated work concerning the Solana blockchain. The platform noted that the native Solana explorer is the best suited for Jupiter with its 10x capabilities. Jupiter has long been enjoying a significant position in the Solana ecosystem. It has been facilitating more than $300B in the case of trading volume.
With the acquisition of SolanaFM, Jupiter targets further fortifying the place thereof as the top decentralized forum on Solana. SolanaFM delivers a human-readable and user-friendly blockchain explorer. It permits consumers to track transfers, observe network performance, and see on-chain data. Additionally, Jupiter intends to integrate the expertise of SolanaFM into the platform thereof. In this respect, it aims at scaling data and infrastructure apart from enhancing the overall trading and developing experience.
SolanaFM Confirms to Keep on Operating Autonomously
SolanaFM recently discussed its future operations. In its statement, it confirmed to keep operating as an autonomous platform, guaranteeing the availability of the explorer services thereof to a wider Solana community. This acquisition is included in the wider vision of Jupiter to expedite innovation and growth in the Solana ecosystem.
The partnership highlights a chief moment in the development of Solana. The two of the platform’s most influential forums are combining forces. The acquisition denotes a thrilling new episode for SolanaFM by joining a popular decentralized exchange. According to Jupiter, the acquisition helps it prepare itself for more scalability to handle blockchain data along with fortifying its presence within the DeFi sector.
