Jupiter, a top DEX aggregator on Solana, intends to introduce a mobile app in late May or early June. Co-founder Siong provided this update at the Solana Crossroads 2024 conference. Currently, the team is in the final phases, with a test version available and the app awaiting Apple's approval.
This breakthrough comes after Jupiter's major impact on Solana, which handles 50% of its computing burden per block. It processes more than 250K user requests every second, demonstrating its dominance. Just yesterday, it processed 1.85M transactions worth roughly $809M in trade activity.
Jupiter started trading perpetual contracts seven months ago. It swiftly gained a 70-75% market share in Solana's perpetual trades. The Jupiter Perpetual Exchange has $340.7M in total locked value and $424.5M in 24-hour trade volume.
JUP Token's journey began with an airdrop to 955K early adopters, which resulted in a $900M market capitalization. Despite initial volatility and community outcry, JUP's price reached a high of $1.75 in April. Currently, it is trading at the $1.10 level.
