In a decentralized financial ecosystem, liquidity plays an irreplaceable role, it is like the pulse of the entire ecosystem. Let’s learn about a liquidity project called Jupiter Liquidity Aggregator on Solana Blockchain via this Jupiter review.

About Jupiter

Jupiter is the main liquidity aggregator for Solana, offering the widest range of tokens and discovering the best route between any token pair.

It provides the most user-friendly user experience for users and the most powerful tools for developers to enable them to easily access best-in-class exchange in their application, interface, or on-chain program. Surname.

Jupiter focuses on the best integrations, discover the best rate and split deals with best in class user experience for user friendliness, seamless integration with any website and fun API taste eliminates the pain and crashes of swapping (and dark mode).

How does Jupiter Work?

The price of the token can change rapidly at any given time. Therefore, the best-priced trade is not always available on one DEX and may involve a combination of transactions across multiple DEXs. Jupiter works to discover the best deals.

Jupiter directly connects all DEX markets and AMM pools together regardless of vendor and will find all direct and multi-hop routes between any two tokens on Solana.

Jupiter not only compares prices between markets on different DEXs, but often the best priced routes are not live markets. Instead, Jupiter can find the best price by routing through an intermediary token, e.g. USDC-mSOL-SOL instead of USDC-SOL. This could be due to price inefficiencies and/or volatility in the various markets that Jupiter passes through.

Jupiter will divide your trades into smaller trade sizes. For example, if you wanted to do a 100 USDC-SOL trade, it might roll out your trade into a 30 USDC-SOL trade on Raydium and a 70 USDC-SOL trade on Orca.

The allocation percentage of deals is dynamically determined to give you the best price. Trade splits help in getting better rates for large-scale transactions and trading in tokens where there is shallow liquidity spread across several DEXs.

Project highlights

Jupiter provides user-friendly UX, tailored features, and easy access within the Dapp. Some basic features I want to mention include swap, cross-chain liquidity, etc.

In addition to the user utilities I mentioned above, Jupiter also provides the best swap price for participants, automatically updates new tokens, adds platform transaction fees, and converts into revenue in the future. platform. Besides, users can place optional orders to make swap happen faster.

The project developed on the Solana ecosystem will take advantage of the advantages of blockchain, provide different swap methods with many applications, Dapps, provide liquidity sources, token lists, etc.

Up to now, Jupiter has cooperated with many DEXs and AMMs including Serum, Raydium, Saber, Orca, Mercurial, Aldrin, DEXlab, Step Finance, Cropper, Penguin Finance, Crema, Lifinity, Saros and Cykura.

Features of Jupiter

Swap

Swaps can be a source of revenue by charging platform fees. You can set their caching options to make the exchange as fast or as precise as they want it to be. There are many potential hiccups when developing on Solana.

The project aspires to make the swap interface or program development process seamless and magical. Access the exchange in multiple ways so that all apps, dApps, and programs can use it seamlessly.

When making swaps you need to consider slippage rate. Slippage occurs when market conditions change between transaction submission and verification. Slippage rate is an important setting to prevent users from receiving less tokens than expected. If the price falls below the slippage rate, trade.

Limit order

Jupiter Limit Order (Beta) provides users with the simplest way to place limit orders on Solana and receive tokens directly in your wallet when the order is filled.

Users can place an order with an expiration time. At the end of the period, the crank will cancel any unfilled orders and refund the token to the user’s wallet.

Limit orders ensure you’ll get what you quote with no slippage, which is especially useful during volatile periods. Transactions will not fail because of slippage errors.

The keeper will monitor the price on-chain using Jupiter. If the keeper detects that the on-chain price of SOL hits 14 USDC per SOL, it will proceed to get execute and fulfill the order.

Keepers are recommended to execute using Jupiter in 1 transaction, to make sure the order executes when there is profit. But keepers are free to execute it off-chain or using other on-chain DEX. After the order is executed, the user will get exactly what he quoted for → 0.71428 SOL minus the platform fee (0.2%).

Automatically lists new tokens

The number of newly added tokens is growing at a faster rate than ever. Jupiter automatically lists any tokens as long as they have reached sufficient liquidity. This means you can rest assured that you will be able to trade new tokens as they launch on Solana.

Automatically lists new markets

The number of markets and liquidity pools launched is also increasing. Jupiter automatically selects any market or pool for any DEX it currently aggregates. This ensures that Jupiter always has the latest liquidity for any listed token as soon as it becomes available.

Swap in a single transaction

Jupiter has worked to optimize its set of swaps so that they all fit within the transaction limit so that swaps can be performed in a single transaction. This is important to handle cases where the price of the token you are purchasing has changed and is no longer in line with your slippage limit. If Jupiter cannot execute a trade with your slip limit, it will roll back the trade and return an error.

Fee

There are no protocol fees on Jupiter. The only fees are transaction fees and exchange fees. If you find your SOL deducted more than you expected, it could be due to deposits to create an Affiliate Token Account or a Serum Open Orders account.

The fee is already included in the number of tokens you will receive when choosing a route.

Basic Instructions

Trading

1. First make sure your URL is correct: https://jup.ag

2. Connect your wallet by clicking the button in the upper right corner.

Jupiter supports many wallets, including phantom, solflare, slope, ledger, coin98.

3. After connecting your wallet to Jupiter, you can enter the number of tokens and token pairs you want to swap from the search box. For example “100 USDC to DFL”

4. Jupiter will find the best priced routes for you and automatically choose the one that will give you the most tokens.

You can expand the list to see the types of of smart routing that Jupiter will find for your trade. Jupiter aggregates liquidity from the Orca, Raydium, Serum, Mercurial, Saber, Penguin Finance, Step Finance and Cropper so routes can include any combination of those DEXes.

Below the swap button, you will see important price information.

• Rate: This will show you the price you are paying for the selected route. You can click to toggle this rate.
• Within x% of CoinGecko: Jupiter will check if the rate you are getting is close to the market rate. If the price you will pay is 2% or greater than the price on CoinGecko we will show you a warning.
• Price impact: The size of your trade can also affect the rate that you get. Price impact measure how much the size of your trade is affecting your price. Jupiter will show a warning if it 2% or greater.
• Minimum Received: This is the minimum amount of tokens you are guaranteed to received and is based on your slippage settings but also has factored in all the fees.
• Fees paid to xxx: These are the exchange fees paid and there is a fee paid per hop in a route.
• Transaction Fee: This is the fee you will pay for the transaction regardless if the transaction is successful or not.
• Deposit: This is the rent paid to create an ATA account that will hold your token data, e.g. how much token you own. Or it is the rent paid to create a Serum OpenOrders account needed to trade on Serum. Your deposit can be reclaimed by closing those accounts. You can use this tool to reclaim them

5. Before swapping, you can select the slippage rate by clicking the settings button.

Your slippage rate is an important setting. It determines the minimum number of tokens you will receive. A slippage of 1% means if the price slips > 1% of your quote, do not complete the transaction.

This is because between the time you get a quote and the time you execute the trade the price may change. If the price falls below your slippage rate, then the transaction will fail in order to prevent you from getting less tokens than you want.

6. After clicking the swap button, the wallet you have connected to Jupiter will ask you to approve the transaction. If click approve, your swap will be executed.

7. A notification will appear in the lower-left corner that will once the transaction has been sent and will let you know when it has been completed.

8. You can view your transaction history by clicking the arrow on the right of the screen.

How to change the theme

You can adjust the theme by tapping on the larger settings button right next to your SOL balance and making your preference.

Stats

The stats page shows the total amount of transactions done and the top trading pairs with a link to swap them directly. It also shows the top tokens overall, the top buys, sells, and top pool providers in Solana by their daily, weekly, and monthly trade volume.

Conclusion – Jupiter Review

Jupiter is still in the process of building and perfecting its products and puzzle pieces. It can be seen that this is the most complete liquidity aggregator on Solana. You can swap right on Jupiter for a chance to receive the project’s airdop if the project intends to launch a token.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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