Solana DEX Jupiter Reveals System Upgrades, Price Recovery?

Solana DEX Jupiter’s founder recently took to X to highlight important development updates to the platform’s main system. Will JUP price recover?

Solana DEX Jupiter founder ‘meow’ recently took to X, revealing fundamental engineering changes to the DEX’s basic infrastructure. 

Today, May 8, the founder of Jupiter announced in a post that the Jupiter community had been working assiduously on several fundamental backend redesigns to improve user engagement on the platform. 

However, investors are optimistic about the potential of these developments, which promise to improve the user experience and hold promise for DEX’s native token, JUP. 

Envisioned Developments For The Solana DEX

As delineated in the founder’s post, the anticipated advancements encompass many enhancements to optimize Jupiter’s user productivity. 

In addition, these developments will surpass those that are enumerated subsequently. 

Perps Latency

This engineering upgrade must prioritize reducing latency, increasing availability, and strengthening the infrastructure to support perpetual contracts. 

However, this necessitates the reduction of action execution time associated with perpetual contracts and the enhancement of the platform’s availability and resilience for users. 

Refining Token Search

In contrast, as the number of tokens available on the market continues to increase, it becomes crucial to improve the search functionality, primarily to assist users in locating the desired tokens more rapidly. 

The purpose of these enhancements is to provide the platform with the ability to filter, search, and classify coins. 

Routing

Means added that this entails the swift incorporation of tokens and markets into the DEX’s auto-slippage and routing engines and the resolution of concerns regarding transitory fake routes. 

Safety and Convenience 

Furthermore, achieving an optimal balance between user convenience and secure trading is a critical goal of these technological advancements. 

Token Lists

Another impending task is to develop a new token list utilizing data and community input, a source of considerable concern for the DEX inventor. 

Between that period and the founder’s announcement of the developments above, the JUP price experienced a significant decline. 

JUP Price Slips 

At the time of writing, the JUP token is trading at $1.08, a decrease of 5.42% over the previous twenty-four hours. 

Meanwhile, the token’s market capitalization decreased by 5.40%, and its 24-hour trading volume fell by 45.10%. 

This bearish shift has predominantly sparked divergent opinions regarding the future price movements of the token. 

However, considering the aforementioned noteworthy engineering advancements, the JUP token continues to be well-positioned to experience substantial potential gains in the future. 

Notably, Solana has declined by 4.61% over the last twenty-four hours and is presently trading at $146.83, mirroring the decline of JUP.