What Is Jupiter?How It Works? Complete Guides 2024

As a liquidity aggregator on Solana, Jupiter aggregates the best token prices across different decentralized exchanges by connecting all DEX markets and AMM pools together, irrespective of the provider. This smart routing process also compares prices routed through an intermediary token, which allows the discovery of price inefficiencies and volatility in the markets. Jupiter also dynamically splits trades into smaller trade sizes to get better prices for larger size trades and trades with tokens that have shallow liquidity across several exchanges.

Other key features of Jupiter include the automatic listing of new markets as soon as they are launched on Solana, and token swaps in a single transaction without exceeding transaction limits and incurring high slippage. Users can simply enter the tokens and size they want to trade and the platform calculates all the possible routes for the token trade.

Furthermore, its API is a way for developers to access liquidity on Solana: the liquidity is provided as a wrapped token, enabling liquid swaps across all tokens, including wrapped versions of other protocol tokens.

How Does Jupiter Work

Jupiter, the king of planets, is a giant ball of gas with a very complex way of working. Here’s a breakdown of some key aspects:

Composition and Internal Structure:

• Unlike Earth with its solid ground, Jupiter is a gas giant. Its main components are hydrogen and helium, similar to a star.
• The immense pressure deep within Jupiter compresses hydrogen into a liquid metallic state, something not found on Earth!
• This giant ocean of liquid metallic hydrogen spins along with the planet, creating a powerful magnetic field – the strongest in our solar system.

Rotation and Atmosphere:

• Jupiter’s rotation is super fast. It spins on its axis in just under 10 hours, which is much quicker than any other planet. This rapid spin creates a squashed sphere shape, bulging at the equator.
• The fast spin also influences Jupiter’s atmosphere. Strong jet streams form, separating the clouds into colorful belts and zones. The famous Great Red Spot, a giant anticyclone bigger than Earth, is a result of these powerful winds.

Orbit and Influence:

• Jupiter takes about 12 Earth years to complete one trip around the Sun.
• Due to its massive size, Jupiter acts like a giant vacuum cleaner in the solar system, sucking in comets and asteroids that stray too close. This helps protect the inner planets, including Earth.

Jupiter is a fascinating world with ongoing research to unravel its secrets. Scientists are particularly interested in learning more about its internal structure and the possibility of a solid core at its heart.

Features and Benefits of Jupiter

The word “Jupiter” can refer to two things: the giant gas planet in our solar system and a digital banking platform. Which one are you interested in learning about?

• Features and Benefits of Jupiter (the Planet)

Jupiter, the king of planets, boasts some truly remarkable features:

• Great Red Spot: A giant anticyclone storm, the largest in the solar system, swirling red clouds rage for hundreds of years.
• Strong Magnetic Field: Jupiter’s magnetic field is the strongest in our solar system, protecting it from harmful solar radiation and auroras at the poles.
• Lush Atmosphere: Made mostly of hydrogen and helium, Jupiter’s atmosphere is a swirling mass of colorful clouds and storms.
• Fast Rotation: Jupiter spins on its axis very quickly, creating a bulging shape at the equator and powerful jet streams.
• Numerous Moons: With 79 known moons, Jupiter has the most moons of any planet in our solar system.
• Features and Benefits of Jupiter (the Banking App)

Jupiter, the digital banking platform, offers features and benefits that make managing your finances easier:

• Mobile-first Design: Manage your finances entirely through their app, with a user-friendly interface.
• Rewards Program: Earn rewards on your spending with their debit card.
• Savings Goals: Create and track savings goals with their “Pots” feature.
• Bill Pay: Pay your bills directly through the app.
• Zero Fees: No monthly account fees or minimum balance requirements.

Let me know if you’d like to delve deeper into the features of either Jupiter (the planet) or Jupiter (the banking app).

Who Are the Jupiter Founders?

Jupiter does not provide any information about its founders. However, the exchange lists a set of partner exchanges and AMMs, such as Saber, Raydium, Serum and Penguin Finance. In total, it has over a dozen partners.

When Did Jupiter Launch?

The aggregator launched in October 2021. It has already processed over $20 billion in transaction volume and has made more than 140,000 token swaps across more than 4,100 trading pairs.

Where Is Jupiter Located?

The exchange does not provide any information about its location.

Jupiter Restricted Countries

At the time of writing, there is no information about restricted countries on this exchange.

Jupiter Supported Coins List

Jupiter aggregates liquidity for all SPL tokens, as well as non-native tokens from other blockchain ecosystems. Thanks to its integration with several bridges, it aims to become the single-point swap aggregation on Solana.

How Much Are Jupiter Fees?

There are no protocol fees on Jupiter. However, the integrators can charge a platform fee for token swaps, which will be passed on to traders.

Is It Possible to Use Leverage or Margin Trade on Jupiter?

Since Jupiter is a liquidity aggregator and not a futures or spot trading exchange, it does not offer any margin or leverage trading.

Jupiter User Experience?

The user experience (UX) with Jupiter, the banking app, can vary depending on who you ask. Here’s a breakdown of the good and not-so-good aspects:

Positive aspects:

• Modern and User-friendly Interface: Many users find the Jupiter app to be sleek, intuitive, and easy to navigate.
• Mobile-first Design: The app-centric approach allows for convenient on-the-go banking.
• Features like Pots: The ability to create separate savings goals with “Pots” is a popular feature for budget-conscious users.
• Rewards Program: Earning rewards on debit card spending can be a nice perk.
• Zero Fees: No monthly account maintenance fees or minimum balance requirements can be attractive, especially for those starting out.

Negative aspects:

• Limited Features: Compared to traditional banks, Jupiter may lack some features like check deposits or physical branches.
• App Stability: Some users have reported occasional bugs or crashes within the app.
• Customer Support: While some find customer support helpful, others might find it lacking compared to established banks.
• Limited Investment Options: Jupiter might have fewer investment options compared to some competitors.

Here are some resources to get a broader sense of the Jupiter UX:

• Jupiter Community Forum: This forum allows users to share their experiences, both positive and negative .
• Online Reviews: Searching for reviews of the Jupiter app can give you insights from various users.

Overall, the Jupiter user experience can be positive for those who value a mobile-first, user-friendly approach to banking. However, if you require a wider range of features, traditional banks might be a better fit.

Is Jupiter Safe?

Whether Jupiter is safe depends on what aspect of “Jupiter” you’re referring to:

Safety of Jupiter (the Banking App):

• Financially Insured: Jupiter partners with reputable institutions to ensure FDIC insurance on your deposits, protecting your money in case of bank failure.
• Security Measures: Jupiter likely implements security measures common in banking apps, like encryption and two-factor authentication, to safeguard your information. However, it’s always good practice to check their security practices directly on their website.
• Newer Fintech Company: Since Jupiter is a relatively new FinTech company, it might not have the same established track record as traditional banks. Some users might find comfort in a longer history.

Here are some resources to learn more about Jupiter’s security:

• Jupiter Security Page: Look for a security page on Jupiter’s website that details their security practices.
• Reviews and Forums: Reviews and discussions on forums might mention user experiences regarding security concerns.

Safety of Jupiter (the Planet):

• Not Really Applicable: As a giant gas planet, Jupiter isn’t a place humans can visit or live on. The question of safety for humans doesn’t apply here.
• Hostile Environment: For any hypothetical future space explorers, Jupiter itself is a dangerous place with extreme pressure, storms, and radiation.

Overall, Jupiter (the banking app) can be considered safe for basic banking needs, given FDIC insurance and likely security measures. However, newer FinTech companies might be a concern for some users. It’s always wise to do your research and understand their security practices before using any financial app.

Summary of Jupiter 

Jupiter: King of the Planets

Jupiter is the fifth planet from the Sun and the largest in our solar system. Here’s a quick summary of its key features:

Size and Composition:

• A gas giant, mostly hydrogen and helium, with a mass over two and a half times that of all other planets combined.
• If hollow, it could fit 1,000 Earths inside!

Rotation and Magnetic Field:

• Spins incredibly fast, causing a bulging shape and powerful jet streams in its atmosphere.
• This rapid spin creates the strongest magnetic field in the solar system.

Atmosphere and Storms:

• Colorful atmosphere with swirling clouds and the famous Great Red Spot, a giant anticyclone storm raging for centuries.

Orbit and Influence:

• Takes about 12 Earth years to orbit the Sun.
• Acts like a giant cosmic vacuum cleaner, protecting the inner solar system from asteroids and comets.

Moons:

• Boasts the most moons of any planet in our solar system, with 79 known moons.

Jupiter is a fascinating world with ongoing scientific exploration. Its immense size and complex atmosphere make it a key player in our solar system’s dynamics.

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