Jupiter integrates with Mercuryo to boost Solana gateway as JUP’s price nears $0.60 amidst volatile trading. The Solana decentralized exchange, Jupiter Exchange (JUP), gains attention for its strategic partnerships, notably with Mercuryo, a fiat on-ramp provider.
This collaboration aims to improve user experience within the Solana ecosystem. As the JUP token hovers around $0.60, the crypto community closely monitors developments and market dynamics.
Jupiter Exchange Integrates with Mercuryo: Simplifying Solana Fiat On-Ramp
Solana-based Jupiter Exchange (JUP) has unveiled a significant integration with Mercuryo, introducing a fiat on-ramp on its platform. This partnership aims to streamline the onboarding process for new users entering the Solana ecosystem.
With this collaboration, users can now execute transactions using credit cards with zero fees for a limited period. Jupiter Exchange stands out as the most comprehensive gateway, incorporating a Bridge comparator, a Wormhole bridge, and now a fiat on-ramp, offering users a multifaceted approach to explore the Solana galaxy.
This strategic move underscores Jupiter’s commitment to ensuring user-friendly access to the Solana ecosystem, enhancing the platform’s utility and overall user experience. The integration with Mercuryo represents a pivotal step for Jupiter Exchange, reinforcing its position as a key player in the Solana blockchain network.
To make it much easier for new users to explore @Solana, we have integrated @mercuryo_io’s fiat on-ramp into Jupiter gateway, allowing users to pay via credit cards with 0% fees(limited time)! pic.twitter.com/spmSNMTxg7
— Jupiter 🪐 (@JupiterExchange) February 2, 2024
JUP Token Volatility Amid Listing Frenzy
Despite recent listings on major exchanges like Binance, Bybit, LBank, and BitMart, the JUP token has faced significant volatility, nearing the $0.60 level within 24 hours, indicating heightened market turbulence.
The frenzy extends to a recent JUP airdrop, where three traders collectively earned substantial profits, receiving 5.5 million JUP tokens worth $3.6 million. This has sparked global interest in the token’s potential and broader implications for the crypto market.
Data reveals that airdrop hunters have amassed over $1 million in profits, receiving their airdrop through 27,600 different wallet addresses, with three key addresses holding significant amounts of JUP.
The crypto community closely monitors addresses 7poJrJn, 2rSAFYA, and DyyQ55ei, as they continue to hold substantial amounts of JUP, adding an extra layer of intrigue to the evolving narrative around Jupiter Exchange and its native token.
Jupiter claims the second spot in leading DEX trading volumes, standing at $621.67 million according to CoinGecko data, closely trailing Uniswap V3 (Ethereum) with a one-day trading volume of $624.10 million.
As of writing, the Jupiter price was up 4.25%, trading at $0.6204, while its trading volume over the last 24 hours plummeted by 53.41% to $695.24 million. During this period, the JUP price reached a high of $0.6324 and a low of $0.5705.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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