Jupiter buys Moonshot controlling share launches 'Jupnet'and $SOL 10 million AI fund at Catstanbul event

As part of its "Catstanbul" event, Solana DEX aggregator Jupiter revealed the 'Jupnet' omnichain network, which is now in early testnet, announced the purchase of memecoin platform Moonshot, and created a $10 million fund for open-source AI research in partnership with Eliza Labs.

Additionally, Jupiter introduced the platform's 'V2' version, announcing that it is back in beta with new functionality added for "every single part of the stack."

While the AI agent platform Virtuals announced an expansion to Solana, the AI project Eliza Labs revealed a planned 'v2' update during the event.

With the unveiling of the 'V2' revamp of its platform, Jupiter—which recently dispersed over $600 million to its community in a 'Jupuary' airdrop—announced that the site is once again in beta as many new features are added throughout. A "...real time slippage estimator, a brand new ultra mode, smart trigger orders and many, many more" are among the new features, as reported by Meow. "Everything announced here will be rolled out over [the] next couple of weeks."

Ultra Mode on Jupiter is said to be "10x cheaper, 10x better" than alternatives, with features including "real-time slippage estimation, dynamic priority fees, optimised transaction landing," and a new security tool called "Jupiter Shield" that safeguards user funds.

Additionally, Jupiter announced 'Jupnet,' an omnichain network.

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