Solana DEX Jupiter Unveils System Updates

The founder of Jupiter’s Solana DEX, “meow,” recently discussed crucial engineering improvements aimed at enhancing user engagement.

The Solana DEX “meow,” the founder of Jupiter has recently made an appearance on X, where he shed light on important engineering improvements linked to the DEX’s core architecture.

The creator said in a post today, May 8, that Jupiter’s community has been actively working on various essential backend revamps to boost user engagement on the platform.

The creator published the post on May 8. Taking a closer look at these changes, which promise to improve the user experience and hold potential for DEX’s native token, JUP, it is clear that investors are optimistic about the future of the cryptocurrency.

Envisioned Developments For The Solana DEX

The company’s founder’s article outlines numerous enhancements aimed at enhancing Jupiter’s user experience. Furthermore, these advancements will surpass the ones outlined here.

As part of this technical improvement, it is vital to place a focus on reducing latency, boosting uptime and enhancing the robustness of perpetual contracts.

To achieve this, we must reduce the time required for actions related to perpetual contracts and significantly strengthen the platform’s resilience and availability for users.

Given the growing number of tokens available on the market, it is crucial to enhance the search capability, particularly to help users find the tokens they are interested in more quickly.

In this regard, the updates want to incorporate the filtering, searching, and sorting of coins that are available on the site. According to Meow, this entails the speedy incorporation of tokens and markets into the Solana DEX’s routing engine and auto-slippage engine, all while addressing concerns over temporary phony routes.

Additionally, one of the most important goals of these engineering enhancements is to establish a balance that allows for secure trading while simultaneously improving the simplicity of the user experience.

A new token list that is fueled by data as well as the community is also looming, which is a point that the founder of solana DEX has been quite concerned about.

Furthermore, despite the fact that the founder disclosed the aforementioned developments, the price of JUP experienced a significant decline during the interim period.

JUP Price Slips

In the previous 24 hours, the JUP token has had a decline of 5.42% and it is currently trading at $1.08 at the time of this writing. The 24-hour trading volume experienced a 45.10% decline, accompanied by a 5.40% decline in the token’s market cap.

This negative trend has mostly sparked contradictory opinions regarding the token’s potential price movements in the future. Despite this, the impressive engineering advancements currently in implementation position the JUP token for enormous potential gains in the future.

It is also important to note that Solana has experienced a 4.61% decline over the last 24 hours and is currently trading at $146.83, coinciding with the decline of JUP.