- Solana DEX Jupiter’s founder recently took to X, highlighting key developmental updates surrounding the platform’s core system. Will JUP price recover?
- Jupiter exchange founder ‘meow’ posted on X, injecting a dose of optimism on the firm’s cryptographic venture and token.
- A plethora of engineering upgrades were ruled out to streamline user efficiency.
- JUP price slips.
Solana DEX Jupiter’s founder unveils key system developments, sparking optimism for JUP price recovery. The updates aim to optimize user efficiency and enhance the platform’s core system.
Highlights
Solana DEX Jupiter founder ‘meow’ has recently taken to X, shedding light on crucial engineering updates related to the DEX’s core system. In a post shared by the founder today, May 8, it was pointed out that Jupiter’s community had been diligently working on numerous fundamental backend revamps to enhance user engagement on the platform.
Envisioned Developments For The Solana DEX
As outlined in the founder’s post, the envisioned developments include a plethora of upgrades that aim to optimize user efficiency on Jupiter. These developments focus on lowering latency, improving uptime, and enhancing robustness for perpetual contracts, refining token search functionality, rapid integration of tokens and markets into the DEX’s routing engine, finding the right tradeoff between safe trading and user convenience, and creating a new token list powered by data as well as the community.
JUP Price Slips
Despite the founder’s unveiling of the abovementioned developments, the JUP price witnessed a notable pullback. As of writing, the JUP token has dropped 5.42% in the past 24 hours and is currently trading at $1.08. The token’s market cap tumbled 5.40%, followed by a plunge of 45.10% in 24-hour trading volume. This bearish turn has primarily ignited contrasting sentiments on the token’s future price movements.
Conclusion
Nonetheless, with remarkable engineering upgrades in the pipeline, as seen above, the JUP token remains poised to witness significant potential gains ahead. It’s also worth mentioning that Solana tanked 4.61% in the past 24 hours and is currently trading at $146.83, falling in line with JUP’s fall.
