- Solana and Jupiter launch the Giant Unified Markets Initiative (GUM).
- This move will bring more assets into Solana to be indexed on Jupiter.
- At faster and cheaper transaction rates more value will flow into SOL and JUP.
Jupiter Swap launches the Giant Unified Markets Initiative which will bring all asset markets ro Soalan in a globally accessible single lightning-fast atomic marketplace. Solana drives hype towards GUM.
In detail, the Jupiter Swap has launched the Giant Unified Market Initiative where its key effort is to bring all assets into a single atomic market. This will make all these assets accessible to the masses with a fraction of a cent. This is a privilege for all Solana users powered by Jupiter.
The idea is to have all these assets indexed on Jupiter which will bring more assets towards Solana. Not only will this boost easy access to the world, but the move will drive more value towards both SOL and JUP.
This initiative will bring all types of tokens to a main hub. Thus, from memecoins, real-world assets (RWA_, stocks and forex, the move aims to bring all these assets to Solana and index them on JUP. Thus, more users can transact across all these markets atomically.
Jupiter marks this move as a great dream of finance for the crypto exchange platform. This dream will now be brought to life right there on the Solana blockchain network. A world where highly liquid markets for stocks, RWAs, forex, and crypto (native or wrapped) is almost within our grasp.
All these commodities will soon sit in one single state machine where users from across the globe can transact across all of them in a single, smooth, and speedy transaction of less than 1 second at $0.002.
To bring this vision to life on Solana more assets, more liquidity, and more accessibility must be brought. The GUM alliance has been assembled to achieve it. Finally, over the next few months, assets will be onboarded onto Solana, liquidity markets will be created for them, and these markets will be integrated into Jupuiter to encourage adoption.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
