SOL Index Joins Jupiter Research Forum for Solana Diversification

• SOL Index is now featured in the Jup Research Forum, enhancing its Solana diversification project.
• Jupiter launched the Active Staking Rewards program, allocating $60 million in rewards to Solana users.

SOL Index just announced that their project has been featured in the Jup Research Forum, which marks a key milestone for the project. SOL Index provides pre-built index funds that are rebalanced hourly, simplifying Solana diversification.

The project relies significantly on the Jupiter infrastructure to ensure that investors obtain accurate token prices and swaps when purchasing index funds, hence improving the overall user experience.

We're happy to announce that our project is now featured in the Jup Research Forum!

Sol Index offers pre-built, hourly-rebalanced index funds, giving you a simplified approach to Solana diversification.

We rely heavily on the Jupiter infrastructure to ensure investors…

— SOL INDEX (@solindexapp) July 8, 2024

Jupiter’s New Initiatives and Mobile Expansion Drive Solana Ecosystem Growth

Jupiter began its Active Staking Prizes (ASR) program on the Solana blockchain earlier this month, with members receiving about $60 million in prizes. This project attempts to incentivize active participation and staking in the Solana ecosystem, resulting in more engagement and liquidity.

Moreover, developments concerning the DEX Aggregator did not end there. Solana Floor announced in May that it has launched a mobile application for iOS and Android devices.

The Jupiter Mobile App was officially revealed at the Solana Crossroads event. This app is an important part of Jupiter’s “all-in on mobile” strategy, highlighting the value of mobile accessibility and convenience for its customers.

BREAKING: @JupiterExchange Jupiter Mobile App will be available for users in Late May or Early June – @sssionggg, Co-Founder of Jupiter Exchange reveals live at @SolanaCrossroad conference. pic.twitter.com/52NSoU0XKu

— SolanaFloor (@SolanaFloor) May 10, 2024

Furthermore, CNF earlier reported the integration of the Clone Protocol into Jupiter, which heralded a new age of trade for non-native Solana coins. This integration broadens the trading possibilities of the Jupiter platform, allowing users to interact with a wider spectrum of digital assets.

In addition to these big improvements, CoinMarketCap data shows that the price of JUP is currently around $0,775, up 12.31% over the last 24 hours.

Looking back in time, the Solana network faced network congestion as excitement for the JUP airdrop grew at the beginning of February.

As the Solana blockchain ecosystem matures, projects like SOL Index and Jupiter are at the forefront, pushing development and adoption through strategic innovations and user-centric activities.