APPLICATION

Jupiter Massive Liquidity Integration Project aims to integrate the liquidity of diverse assets.

2024/5/22

The transaction aggregation protocol Jupiter in the Solana ecosystem announced yesterday that it will create a Giant Unified Market, GUM, aiming to integrate all assets including cryptocurrencies, RWAs, stocks, and other types of assets to strengthen the positioning of its aggregation products.

This article is not investment advice.

Table of Contents

Background: What is Jupiter

Jupiter was established in 2021 to create an on-chain aggregated exchange based on the Solana ecosystem. By integrating liquidity from decentralized exchanges on-chain, it provides users with the best trading paths. With its simple interface, Jupiter has successfully established itself as a leader in Solana's trading aggregation.

According to Jupiter's own statistics, the 24-hour trading volume has reached billions of US dollars.

Jupiter's Giant Unified Market Plan

Jupiter announced the launch of the Giant Unified Market Plan as a key direction for the next protocol development.

Jupiter aims to further integrate liquidity, whether it be meme coins, RWAs, stocks, or other assets. The team's goal is to bring all these assets into the Solana ecosystem and index them on the Jupiter platform, providing users with a one-stop trading service.

To achieve this ambitious vision of integrating all assets, the team believes that the following three things need to be done well within the Solana ecosystem:

More diverse asset integration: Bringing more assets onto the Solana network
Sufficient liquidity: Creating sufficient markets for these assets
Stable asset access: Ensuring smooth access to and operation of assets

It is clear that this plan cannot be achieved by the Jupiter team alone, which is why a qualified alliance is needed to work with partners to accomplish this. The current members announced to join this alliance include:

Jupiter's Giant Unified Market Alliance Partners

Dinari: Provides stock token services, such as tokenizing U.S. stocks like AAPL and COIN for introduction into the Solana ecosystem.
Villcaso: Provides real estate tokenization services.
OpenEden: On-chain treasury offering depositors real U.S. interest rate returns.
Wintermute and DWF Labs: Market makers ensuring sufficient liquidity for various assets.
Solana Foundation: Provides support for token standards and technical aspects.
Asymmetric: Provides external funding and investment.

The Jupiter team stated that the alliance is currently flexible and welcomes more potential partners and participants to join in realizing this unified market plan together.

Jupiter Capitalizes on Advantages for Growth

Jupiter's airdrop activity can be seen as one of the driving forces behind the Solana bull market, making it a well-known star brand in the Solana ecosystem. It indeed has the potential and capability to serve as the main axis for integrating various parties, and its development is highly anticipated.

Solana's on-chain ecosystem is active, with the largest aggregation protocol Jupiter preparing for an airdrop

However, it should be noted that the project is still in the development stage, and there may be a long preparation period before its official launch. Additionally, the integration of such real-world assets is expected to face many legal challenges.