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<p class="is-style-lead">Decentralized trading platform Jupiter is acquiring blockchain explorer SolanaFM to expand its capabilities, leveraging the exchange’s infrastructure.</p>
<p>Solana-based decentralized crypto exchange aggregator Jupiter has acquired Etherscan-backed blockchain explorer SolanaFM. In an X <a href="https://x.com/solanafm/status/1836990213425615205" target="_blank" rel="noopener noreferrer nofollow">announcement</a> on Sept. 20, the blockchain explorer said it will focus on “10x-ing the data and infrastructure capabilities on Jupiter,” adding that the platform will “continue to operate as usual.”</p>
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   <p lang="en" dir="ltr">FM x JUP<br><br>We’re excited to announce that SolanaFM has been acquired by <a href="https://twitter.com/JupiterExchange?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@JupiterExchange</a>, <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@solana</a>’s leading decentralized exchange. <a rel="noopener noreferrer nofollow" href="https://t.co/pJ3LA8F8sp" target="_blank">pic.twitter.com/pJ3LA8F8sp</a></p>— SolanaFM (@solanafm) <a href="https://twitter.com/solanafm/status/1836990210787397789?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 20, 2024</a>
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<p>Launched in 2021, SolanaFM provides users with detailed insights into Solana’s network data, including transaction history, smart contracts, and token information. In 2022, the explorer <a href="https://www.sbivencapital.com.sg/news/solanafm-completes-strategic-seed-funding-round-raising-4-5-million/" target="_blank" rel="noopener noreferrer nofollow">secured</a> $4.5 million in a seed funding round led by SBI Group’s Digital Asset Opportunity Fund. In December 2021, SolanaFM also managed to secure investments from a funding round led by Etherscan and Coinhako.</p>
<p>Alongside the acquisition, Jupiter <a href="https://x.com/JupiterExchange/status/1836993419958440228" target="_blank" rel="noopener noreferrer nofollow">announced</a> Jupiter Mobile, a fee-free mobile app built in partnership with MoonPay. While the app’s launch date remains undisclosed, it will support major payment methods, including Apple Pay, Google Pay, and credit cards, furthering accessibility for users. Following the news, Jupiter’s (<a href="https://crypto.news/price/jupiter/" target="_blank" rel="noopener noreferrer nofollow">JUP</a>) token <a href="https://crypto.news/price/jupiter/" target="_blank" rel="noopener noreferrer nofollow">gained</a> 11%, soaring to $0.87.</p>
<p>The acquisition and product launch comes as Jupiter grapples with security threats. In August, the exchange <a href="https://crypto.news/solana-based-jupiter-alerts-of-malicious-chrome-extension-draining-wallets/" target="_blank" rel="noopener noreferrer nofollow">warned</a> users about a malicious Chrome extension named “Bull Checker” targeting Solana users. Jupiter identified this extension after extensive investigations into user complaints, highlighting ongoing risks in the ecosystem even as Jupiter seeks to expand its services and market presence.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/heres-why-solana-based-jupiter-exchange-sees-nearly-half-of-transactions-fail-in-the-last-month/"> Here’s why Solana-based Jupiter sees nearly half of transactions fail in the last month </a></p>

Crypto exchange Jupiter acquires blockchain explorer SolanaFM

crypto.news

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