Jupiter Exchange Acquires Majority Stake in Moonshot, Expanding Solana DEX Offerings

Jupiter Exchange Acquires Majority Stake in Moonshot, Expanding Solana DEX Offerings

Jupiter, a leading decentralized exchange (DEX) on Solana, has announced its acquisition of a majority stake in Moonshot, an innovative app that enables users to purchase memecoins using Apple Pay.

The news was shared on Jan. 25 by Jupiter’s pseudonymous founder, Meow, who posted on X (formerly Twitter):

“For the first announcement of Catstanbul, I’m thrilled to share that Jupiter Exchange has acquired a majority stake in Moonshot. The team is amongst the smartest, most driven group of people I have ever met.”

Jupiter is a significant player in the Solana DeFi ecosystem, with a total value locked (TVL) of $2.83 billion, making it the third-largest protocol on the network. It trails only Raydium and Jito, according to data from DefiLlama.

While Cointelegraph attempted to reach Jupiter for additional information, the team did not respond prior to publication.

In addition to the Moonshot acquisition, Jupiter also confirmed its purchase of SonarWatch, a portfolio tracking tool. This integration aims to enhance Jupiter’s platform by providing users with improved tracking capabilities for their assets.