The Solana-based DEX Jupiter has announced the launch of its cross-chain network Jupnet.

According to Deep Tide TechFlow, the DEX Jupiter on the Solana chain has announced the launch of its omnichain network, Jupnet.

Jupnet is an omnichain network and ledger supported by Jupiter SVM, designed to aggregate liquidity across all chains.

Jupnet will consist of three key components:

1. DOVE Network

DOVE stands for Decentralized Oracles, which function to validate and execute.

2. Omnichain Distributed Ledger Network

By creating a single decentralized and trusted source among oracles, validators, and executors, we can easily achieve the next major feature—Jupnet can host an omnichain distributed ledger, regardless of how many chains, users, or transaction flows exist in the system.

3. Aggregated Decentralized Identity (ADI)

For Jupnet, we want all users and developers to no longer use wallets as the primary user experience (UX) and developer experience (DX) model, but rather adopt a more user-friendly approach, such as an account system, and support familiar features like multi-factor authentication (MFA) and account recovery.