A DEX, a perpetual exchange, and a launchpad.
These are not three separate products, this is one product and we are calling it the Jupiter.
Today, Jupiter is going to reinvent...
one feat that is very cool for the $WEN launch, we went multi-cloud to make sure that we could scale for the launch.
stats for the last 24 hours:
* 68.86M unique visitors
* 1.2B total requests
* 21TB data served
this is probably not very obvious for the
@JupiterExchange
LFG Launchpad. we will help you on all aspects of launching a token:
* walking you through the process of launching a token. what to expect and what is really important.
* intros to CEXes, process to navigate this.
* MM.
we at
@JupiterExchange
are looking at scaling up our team. as you may have already noticed, the solana ecosystem has welcomed many new users in the past year or so. along with it, we see interesting scaling challenges in every part of our system. to highlight some of the
1/2. the
@solana
network has been struggling lately, it’s a good sign for a fast growing network and teams are working hard to make the network even faster.
despite that,
@JupiterExchange
had our record trading day yesterday, 166m in a day.
in order to be ready for the next SWQoS update on Solana, we are launching JupSOL, a Jupiter SOL LST, to help the Jupiter community to land transactions better across all Jupiter products.
to get JupSOL going, we currently have 100K SOL being staked and the yield goes to JupSOL.
Announcing JupSOL – the highest yield LST on Solana, with trustless delegation to Jupiter’s Validator.
This validator has 0% fees and 100% MEV kickback and currently has an additional 100K SOL delegated to increase the yield on JupSOL.
This will likely make JupSOL the highest
a very long time ago,
@sama
bought my first startup and i went to work for him.
i was undergrad at the time and it was tough to get my visa. he tried hard for me to secure my visa.
eventually he allowed me to work part time from college with half the pay. that helped a lot.
for the first time ever, after 2+ years of grinding, we have more than 100k DAU using Jupiter across all four of our products.
speechless, really, but i am very excited about what is to come.
Jupiter has more than 350k transactions and 30k users in the last 24 hours.
i think we are one of the top 5 most active on chain protocols across all chains?
i tried and couldn’t find any solid data source on this.
congrats to
@buffalu__
and
@segfaultdoctor
for the JTO launch.
just for comparison, on Jupiter we have processed close to $73m so far versus $390m (5x+ more) on the leading CEX, Binance.
the job is not done until we overtake that.
📢 New podcast episode:
Scaling Jupiter swap and the $JUP token (w/
@siong1987
, co-founder of
@JupiterExchange
)
📻 Listen now here
✨ Or search for "solana solfate" where ever you get your podcasts to listen in app (or click the app link below 🧵 👇)
Recently, there have been many issues that we are facing with our perpetual product.
- Solana Network Congestion
Due to the network congestion, traders are having a hard time submitting their positions. Most positions are very time sensitive as well, for example, adding
just a small update on Solana network congestion, during the past week or so, we managed to keep transaction landing rate pretty high but we saw a significant dip a few days ago. the engineers got to work and managed to recover it to previous landing rate.
one thing we realized
1. A walk down memory lane since I started working on Solana early last year. Let me share a few pivotal ecosystem launches that have helped me as a Solana developer tremendously.
token launch is a very stressful process for teams but it is usually just a one time process and all the learnings and infra buildup are lost after that one launch.
the past few launches on the LFG platform including our JUP launch, we learned a ton. now, it is awesome to share
$TNSR, by
@TensorFdn
will be utilizing Jupiter’s Claimpad to airdrop $TNSR to Solana users.
You can now proceed to the new claimpad link to check your airdrop allocation, preset DCA or Limit Orders, or get ready to swap when trading has begun!
Claimpad Link:
1. Since
@MercurialFi
launch, the
@solana
ecosystem has picked up a lot of momentum because of yield farming and NFTs. Most users come to Solana because of its fast transaction speed and low transaction fees.
One question I get a lot: why is the fee more than 0.000005 SOL?
it is a community process to figure out the JUP airdrop requirements.
but I will try my best to make sure that users of Jupiter integrators are getting the airdrop.
if you are a user of phantom/birdeye/etc, welcome to contribute to the process on our discord.
The time has come.
The first ever
@JupiterExchange
J.U.P. Planetary Call is on Wednesday at 3pm UTC 🚀
Get the latest updates about Jupiter, the Working Groups, the LFG Launchpad, and Community Conversations.
Oh, and a whole lotta Ws.
Link in the next tweet👇
okay. I am hiring 4-6 engineers/developers/designers in *Malaysia*.
- 💰 higher than market salary
- 🍛 free lunch
- 🚗 monthly Grab credits
- 👭👬 group fitness classes
- 🔬 cool office
- etc...
Rails, React (Native), UX/UI.
reach out to me at hello [at] siong [dot] com 👋🏻
we deployed the
@JupiterExchange
contract on the 28th of October, last month. today, the contract processed more than $78m swap volume in the last 24 hours alone.
🤯
this is literally assembling a plane when we are in the mid air of jumping off a cliff.
a lot of moving pieces and a lot of big problems that we want to solve along the way. hopefully this will be a big enough improvement for everyone, our users and our partners.
can’t wait to
Recent congestion issues and upsurge in new tokens have caused delays in new markets being picked up over the last few days due to an inability to create the needed accounts.
We have since resolved the backlog, and will be rolling out a major upgrade to our backend systems
we (
@MercurialFi
) launched our DevNet yesterday, the traction that we are getting is insane. our token accounts are getting 40-60 req/minute.
the
@solana
community is real! can't wait to launch on MainNet!
also, thank you for all the feedback on Twitter and Discord!
the new changes in the
@solana
validator definitely help to get
@JupiterExchange
to its ATH daily trading volume 😊
more than a quarter billion a day. when 1b volume a day?
I am super impressed with
@JupiterExchange
on
@solana
. Truly excellent UX and features. An example of maturation in a range of infrastructure -- wallets, usdc on solana liquidity and availability, and product execution.
ASR, Active Staking Rewards, comes out from each LFG project and will be distributed quarterly as long as you stake *and* vote during that period.
for the first quarter of ASR, ending June, you will be getting 0.75% of ZEUS, 0.75% of SHARK, and all subsequent LFG launch tokens
I thought the $jup stakers/voters not getting $shark was just a meme
But I just checked and got zero allo and I have a decent stake since day 1 and actually voted for
@SharkyFi
Why am I staking my jup if they aren’t going give the rewards they said they would?
@JupiterExchange
our team has been quite conscious about this issue and has been working on ways to improve it.
also great to have people like
@buffalu__
and
@jito_sol
behind the scene helping everyone on doing the right thing here.
it’s a
@solana
ecosystem effort.
note: if you want absolute
How Protects You From MEV
The recent memecoin explosion and aping have lead to many users, especially newer ones simply setting high slippage to get trades through.
When you use , you get MEV protection in a few important ways:
1.
1. for the Pyth listing today, we did something new this time on
@JupiterExchange
. usually, any new token listing will require X amount of on chain liquidity to show up on Jupiter.
our users had to find other venues to swap or wait 15-30 mins for the new token to show.
i was in the same YC batch as Stripe.
awesome to see that now they support USDC on Solana!
remember we were the first one implementing Bitcoin payment back in the days when they supported it.
what a full circle.
Crypto is back.
@Stripe
will start supporting global stablecoin payments this summer. Transactions instantly settle on-chain and automatically convert to fiat. Join the waitlist and watch the demo (h/t
@Solana
) from Sessions.
regarding stuck funds in the Jupiter perpetual product:
the perpetual product runs on a request/fulfillment model in order to prevent frontrunning (due to oracle latency, read more: ). so, for example, when a trader opens a position, it involves two
Here's the birdeye of the only pool listed on Jupiter currently, you can see people buy $SOL at $200, sell it at $50 and all this getting instantly arbed by bots.
Can you down the UI and stop the DCA orders until this is resolved?
@weremeow
@JupiterExchange
1. startup lessons for my past year experience in South East Asia.
When people talk about about the huge market in South East Asia, they actually mean Indonesia. the only country matters in South East Asia is Indonesia.
this is what we call crypto composability,
@JupiterExchange
is aggregating half of
@solana
TVL for our users to find the best price to trade.
no API keys needed, no sudden API access revokes, no signatures needed for partnership agreements.
it just works.
Delighted to share that
@StepFinance_
is now integrated into Jupiter, with liquidity from Step Pools now added to all routes!
Jupiter is now aggregating across 9 DEXes and $5.8B of liquidity in
@solana
!
a brief update on Jupiter Perps:
1. we are capping the TVL at $3m as a way to protect LPs while our contract is under audit. we may increase as we progress.
today perps update is a small one but a very important one.
one big reason that our keepers cannot fulfill position requests is because of stale oracles.
in this update, using jito bundle, we are bundling oracle update transaction together with keeper transaction to make
regarding stuck funds in the Jupiter perpetual product:
the perpetual product runs on a request/fulfillment model in order to prevent frontrunning (due to oracle latency, read more: ). so, for example, when a trader opens a position, it involves two
i will be updating on the progress we are making to make the perps product smoother/better during normal network condition and even during network congestion.
These are the things that we worked on today:
- we are using Jito Bundle at more places to land transactions. so far,
It’s going to be an exciting week ahead for Jupiverse, with a full range of products, LFG and voting coming up.
With love from
@sssionggg
,
@PierreArowana
and the rest of the relentless engineering team, we have the first set of Metropolis upgrades, rolling out this week.
We
woah, just learned that
@JupiterExchange
is one of the most active programs on Solana with close to 2m transactions a day.
and, we don't even run a crank.
and no. 4 in trading volume of all decentralized exchanges, how can we get to no. 1?
let’s get more people to trade on Solana with fast confirmation and performance.
btw, we are working on something that will bring more volume to our partners on Solana.
watch us! stay tuned!
this is one thing that we have been experimenting with: t0 trading on Jupiter, once market and token are live, you can trade on Jupiter. obviously, liquidity can be thin on new markets. so be extra cautious.
check it out here:
it’s an experiment. trade
took me the whole day to deploy a program on solana.
sharing the steps here:
1. git clone
2. git checkout v1.16.27
3. modify this from `5` to `100`: , this will allow retries up to 100 times.
4. cargo run -p solana-cli program
almost all the respected Ethereum chads that i have been following for the last few years have started paying attention to Solana.
better tech always wins.
🔁 Introducing Solana swaps
You can now trade tokens on the
@Solana
network without ever leaving Coinbase Wallet. Get low fees and near-instant swaps powered by
@JupiterExchange
.
your stop loss will only be executed at the price if the oracle (Pyth) reports a price below (long) or above (short) the stop loss price when the chain continues.
Jupiter Perpetual Exchange is an oracle based perpetual exchange. we refer our prices from the Pyth oracles.
The Solana network is currently down, but our whole team is on standby to reply to all your questions if needed - just open a ticket in discord, and we will get to it asap.
In addition, if you have a stop loss for your perps, it will execute exactly at that price.
a brief comparison between Jupiter v4 API (Javascript) vs. Jupiter v5 API (Rust).
we are running on multiple instances of 's dedicated-cpu-8x VMs.
Jupiter v4 API
* Javascript based
* normal routing algorithm
* super optimized code
* load average of 10,
WEN: 31st of Jupuary 10am EST
On the 1st of Jupuary, we outlined the main areas of work as we aim to get to launch.
We have been right on schedule executing on all these, and we are happy to share that JUP will launch on 31st of Jupuary, 10am EST.
someone just swapped 40k worth of PAI to MER on our newly launched swap on
@MercurialFi
. in the last 24 hours, we processed close to $1m in volume. can't wait to show some of the cool features that we are incorporating in the swap.
what features you want to see on Jupiter Perpetual Exchange?
in the roadmap now:
* stats/numbers
* leaderboard
* referral
* CCTP integration
* what else?
1/ Delighted to formally launch the Jupiter Swap API, which gives developers instant access to all the liquidity sources on
@solana
with a single HTTP call!
Check out the easiest swap integration in DeFi: ⚡️
to a lot of people, Zeus may seem like a new team launching on Solana but this is a team that has been working on Solana for a while. i first met
@ironaddicteddog
and
@dappiokeeper
at Taipei Hacker House since the Dappio days and they have been building since then.
with
The official LFG site for
@ZeusNetworkHQ
is live!
Link:
Launch Time: 4th April, 1pm UTC
Support:
Learn more about Zeus:
Check your airdrop allocation, set up your DCA/Limit orders ahead of time, and see
i can’t wait to share this experiment that we have been working on for a while.
it may not be very significant for our users. but it’s one of those very nerdy but challenging problems that many engineers will love and matters a lot at scale.
can’t wait!!!
it’s so difficult to hit scaled consumer products. i tried for the last 10 years, couldn’t make it.
but we released
@JupiterExchange
about 2 months ago. we already did more than $3b in trading volume 🤯
scale is different on web3.
happy holidays, web3 peeps! wagmi!
i went to a computer science school and this is the only time that i appreciate what a computer science degree means.
not because i know how it works but just look at these numbers. 10% better rate at $2m swap over existing algo.
implantation chad:
@PierreArowana
algo chad: not
6/ After weeks of rigorous testing in production and benchmarking, our Jupiter v3 system with Metis algorithm is impressively outperforming our very own v2.
On average, it quotes prices 5.22% better, with even sharper improvements for larger trade sizes.
will be doing a fireside chat with
@kashdhanda
tomorrow at
@SolanaCrossroad
!
thinking to do a small meetup as well. like a 10-20 people gathering at a bar/restaurant/coffee shop. is it too last minute?
1/ Jupiter is now live! We are
@Solana
's first on-chain swap aggregator.
Our goal is to provide the best rates by routing across all major liquidity markets, while giving users and developers the best swapping experience in all of DeFi.
Try us out at 🔥
the Grab IPO will create many more startups in South East Asia. it’s the Paypal moment that South East Asia needs. there are already some Grab mafia starting their new companies.
continue on the daily updates for the perps product, we made a very important update today to add Expired Order(s) tab on the UI.
since the perps product runs on a request/fulfillment model (), this will help traders to get their fund back once an order
regarding stuck funds in the Jupiter perpetual product:
the perpetual product runs on a request/fulfillment model in order to prevent frontrunning (due to oracle latency, read more: ). so, for example, when a trader opens a position, it involves two
i just did a side by side comparison between
@blur_io
and
@tensor_hq
.
- Blur: stuck on "Connect Wallet"
- Tensor: everything seems to work perfectly without connecting my wallet, and, it is *fast*.
why are people not using Tensor more?