Jupiter Acquires SolanaFM to Boost Solana’s Data and Infrastructure Capabilities
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Solana’s biggest decentralized trading platform, Jupiter Exchange, has taken over SolanaFM, a leading Solana blockchain explorer.
The parties have described the move as a way to speed up development in their data and infrastructure capabilities in order to improve their functionalities for the Solana community.
Optimism About the Acquisition
In an X post published on September 20, the crypto exchange, which boasts over $300 billion in trading volume, expressed excitement about the acquisition, stating the move would improve its data and system capabilities tenfold.
In its own announcement of the takeover, the SolanaFM team stated that the platform will continue operating as usual, while helping amplify Jupiter’s potential.
The explorer was founded in 2021 by three Singapore Management University (SMU) students and has since provided in-depth insights into transaction histories, smart contracts, and token information on the Solana blockchain
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