Robinhood has integrated Jupiter's API into its crypto wallet, allowing users to trade any SPL token within Solana's DeFi ecosystem. This strategic move aims to bolster Jupiter's market presence, which has seen a decline from 95.08% in May to 72.35% due to competition from platforms like DFlow and Titan.
In a related development, the Jupiter DAO has burned $112 million worth of JUP tokens, with 86% voter approval, as a measure to combat inflation. Despite this, the impact on JUP's price remains limited as Jupiter continues to diversify into new offerings such as loans and prediction markets.
Robinhood Integrates Jupiter API to Enhance Solana DeFi Trading
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