{"id":296777,"date":"2024-05-07T01:38:05","date_gmt":"2024-05-06T20:08:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=296777"},"modified":"2024-05-07T01:38:05","modified_gmt":"2024-05-06T20:08:05","slug":"jupiter-enables-trading-for-non-native-solana-tokens-including-doge-and-bnb-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jupiter-enables-trading-for-non-native-solana-tokens-including-doge-and-bnb-crypto-news\/","title":{"rendered":"Jupiter Enables Trading for Non-Native Solana Tokens Including DOGE and BNB &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<p>Leveraging the Clone Protocol, users can now trade non-native Solana assets without needing to use bridges. <\/p>\n<div>\n<p>Solana\u2019s top decentralized exchange (DEX) aggregator by 24-hour volume, Jupiter, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/JupiterExchange\/status\/1787475041569099842\">unveiled today<\/a> it has integrated Clone Protocol, enabling non-native Solana token trading.<\/p>\n<p>Users can now trade Dogecoin, Arbitrum, Optimism, SUI, or BNB without needing to bridge; with new assets <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/0xmark_clone\/status\/1787482001798287607\">coming soon<\/a>. \u201cSoon all of crypto will be at your fingertips on Solana, read an <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/CloneProtocol\/status\/1787478421448061072\">X post<\/a> by the Clone Protocol.<\/p>\n<p>Today\u2019s integration means that instead of using bridgers, users tap into the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/clone.so\/\">Clone Protocol<\/a>, which uses a clAsset as a wrapped version of a token from another chain. These are designed to replicate the price of their original tokens.<\/p>\n<p>Jupiter\u2019s native JUP token <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/jupiter\">jumped<\/a> 5% to $1.12 today, with a market capitalization slightly over $1.5 billion. It is still down 44% from its Jan. 31 peak of $2,.<\/p>\n<figure><figcaption class=\"text-center text-xs\">JUP Price &#8211; CoinGecko<\/figcaption><\/figure>\n<p>The integration aims to expand the Jupiter exchange, which is already enjoying widespread success on the Solana network. According to DefiLlama, it leads DEX aggregators with $800 million in 24-hour volume, followed by DODO with $152 million and 1inch with $139 million.<\/p>\n<p>Jupiter\u2019s website showcases <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/station.jup.ag\/stats\/month\">impressive trading volumes<\/a>. The platform has seen more than $174 billion change hands, compared with Uniswap\u2019s <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Uniswap\/status\/1776218671058239621\">$2 trillion<\/a>, although activity has been on a downtrend since its February peak. April only had $5 billion in trades, whereas Feb. registered the exchange\u2019s all-time high with $47 billion, and March saw $35 billion.<\/p>\n<figure><img decoding=\"async\" alt=\"the-defiant\" loading=\"lazy\" width=\"960\" height=\"548.9273356401384\" data-nimg=\"1\" class=\"mx-auto\" id='b' style='filter: url(%23b)' src=\"https:\/\/thedefiant.io\/_next\/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F9468d98cf07b0ee8b09c7087f059df6c13b17942-1156x661.jpg&amp;w=828&amp;q=100\" \/><figcaption class=\"text-center text-xs\">Jupiter monthly trading volume<\/figcaption><\/figure>\n<p>Clone Protocol is a small protocol according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/clone-protocol#information\">DefiLlama<\/a>, with barely $670,000 in total value locked (TVL). However, those numbers stand to surge after joining the Jupiter ecosystem.<\/p>\n<p>The entire wrapped tokens category showcases a $10.9 billion market capitalization, although it is dominated by the $9.8 billion of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/thedefiant.io\/education\/what-is-wrapped-bitcoin\">Wrapped Bitcoin<\/a> (WBTC) deposited on Ethereum. Other tokens do receive interests from traders, nevertheless, with Coinbase wrapped staked ETH (CBETH) flaunting a $597 million market cap, and wrapped Centrifuge (WCFG) has a $255 million market cap.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Leveraging the Clone Protocol, users can now trade non-native Solana assets without needing to use bridges. Solana\u2019s top decentralized exchange (DEX) aggregator by 24-hour volume, Jupiter, unveiled today it has integrated Clone Protocol, enabling non-native Solana token trading. Users can now trade Dogecoin, Arbitrum, Optimism, SUI, or BNB without needing to bridge; with new assets [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":296780,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-296777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=296777"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296777\/revisions"}],"predecessor-version":[{"id":296783,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/296777\/revisions\/296783"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/296780"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=296777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=296777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=296777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}