One of Solana’s most popular decentralized exchanges is getting serious about something new: meme coins.
What’s happening:
- Decentralized exchange Jupiter has acquired a majority stake in meme coin trading platform Moonshot
Why it matters:
- Moonshot has become one of the most important apps in crypto, notably seeing just under half a million new users make accounts to trade Donald Trump’s meme coin
By the numbers:
- Currently, Moonshot has over 20M total users and approximately 1M daily active users
- Moonshot facilitated approximately $400M USD of trading volumes just during the initial first few hours of Donald Trump’s meme coin being launched
Going deeper:
- One of Moonshot’s notable features has been allowing users to convert fiat into crypto through Apple Pay, which has helped on-ramp individuals using digital assets for the very first time
