Jupiter Exchange, a DEX from Solana, is developing as one of the best platforms in the ecosystem, and now its integration of Raydium’s CLMM program is a massive leap forward.
The article published at SolanaFloor, a Step Finance-affiliated news source, provides information on the emerging collaboration within Solana’s ecosystem. Integrating with Raydium was a productive progression where Jupiter offers temporary support to Token2022 tokens, no longer requiring open book markets and the ability for users to swap tokens using a built-in price oracle that complies with pool prices.
Token2022 is also termed as Token Extension, which performs superior to the general Token Program Cards as it provides additional functionality and services of functionality.
According to the cited sources, Raydium is the largest DEX on Solana by volume, with a total value of over $911. 9 million. A new integrated platform called CLMM stands for an advanced model of liquidity provision aimed at increasing the efficiency of capital placement and, consequently, minimizing slippage for LPs.
This feature enables the LPs to define certain price levels for adding liquidity, increasing the depth around the market price. This affords better prices and less slippage for traders, unlike the automated market maker (AMM), which equally distributes liquidity over a wider price scale.
Nevertheless, the increase in Raydium’s TVL continues. Though it has grown by 35% within the past 30 days, the user base eroded by 18% in April, according to CryptoMode.
Decentralized Exchanges, or DEXs, are integral to Solana’s ecosystem and have a significant share in the Total Value Locked. Such new developments, and this integration between Jupiter Exchange and Raydium’s CLMM program, are ever-fresh novelties and partnership breakthroughs within the Solana ecosystem, which has quickly outpaced other blockchain networks regarding NFT users.
