Solana-based decentralized exchange (DEX) Jupiter has acquired a majority stake in Moonshot, an app on the App Store that facilitates the buying and selling of Memecoins with fiat currency. Moonshot, deployed on Solana, aims to bridge Web 2 and Web 3 by allowing users to register using traditional methods like email and FaceID, without needing a mnemonic phrase. The app experienced a significant surge in users, gaining approximately 400,000 new users in a single day when Trump released the official Meme token.

BlockBeats News, January 25th, according to an official announcement, Solana-based DEX Jupiter has acquired a majority stake in Moonshot. BlockBeats Note: Moonshot is an app on the App Store that allows users to directly buy and sell Memecoins with fiat currency, deployed on Solana. It aims to allow Web 2 users to seamlessly enter and experience Web 3. Its account registration follows the common Web 2 methods, no mnemonic phrase is needed, users only need an email and FaceID to register. On the day when Trump released the official Meme token, it saw an increase of approximately 400,000 new users in a single day.

Jupiter Acquires Majority Stake in Moonshot, Enhancing Web 3 Accessibility