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01/26 08:26

Solana-based DEX Jupiter acquires majority stake i

Solana-based DEX Jupiter acquires majority stake in Moonshot

Jupiter, Solana’s third-largest DeFi protocol, acquires a stake in Moonshot, though the deal's specifics remain undisclosed.

Solana-based decentralized exchange (DEX) Jupiter announced the acquisition of a majority stake in Moonshot, an app that allows users to buy memecoins using Apple Pay.

Meow, Jupiter’s pseudonymous founder on Jan. 25 shared the news on X:

“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.”

With a total value locked (TVL) of $2.83 billion, Jupiter ranks third among Solana DeFi protocols, following Raydium and Jito, according to DefiLlama.

Cointelegraph reached out to Jupiter for more details, but no response was received at the time of publication.

Jupiter also revealed its acquisition of SonarWatch, integrating its portfolio tracking tool into Jupiter’s platform.

This is a developing story, and further information will be added as it becomes available.

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