Solana’s DeFi star project, Jupiter, announced this morning that it will launch the Giant Unified Market (GUM) project, aiming to bring together assets such as Meme coins, Real World Assets (RWA), stocks, and forex onto the Jupiter platform. They also announced the formation of the GUM Alliance to increase the feasibility of the project.
In order to achieve the Giant Unified Market project, Jupiter identified three key elements: more assets, more liquidity, and higher accessibility. Therefore, Jupiter has decided to establish the GUM Alliance, consisting of top-tier assets, liquidity, and marketing teams, including the Solana Foundation, market maker Wintermute, and DWF Labs, among others. Over the next few months, the alliance will work towards the following goals:
1. Introducing more assets to Solana
2. Creating liquidity markets for these assets
3. Integrating these markets onto the Jupiter platform and encouraging user adoption
Meanwhile, Jupiter’s LFG Launchpad platform will commence its third round of voting at 1:00 AM on the 23rd. However, the rules for this round of voting will be different from the previous two. The previous rounds involved selecting the top 2 projects from 6 candidates through voting by JUP token stakers, allowing them to issue tokens through the LFG Launchpad. In this round, the project with the highest vote percentage will be selected from 3 candidates for token issuance. Additionally, the vote percentages of the projects will be hidden in the voting interface to ensure fair selection by voters.
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– Solana’s market cap surpasses SoftBank and Mercedes-Benz! Jupiter’s trading volume exceeds $1 billion on Uniswap.
– Aggregating over 50% of DEX trading volume, how does Jupiter stand out in Solana DeFi?
– Taiwan team Zeus Network listed on Jupiter’s new coin area! 50 million ZEUS tokens sold out rapidly, listed on OKX approaching $1.