Jupiter Introduces Metropolis API Platform, Enhancing Liquidity Accessibility on Solana
In Brief
Jupiter has introduced the Metropolis API Platform, a set of innovative liquidity APIs aimed at simplifying the process of accessing liquidity within the Solana ecosystem.
Decentralized Exchange (DEX) Aggregator Jupiter unveiled the Metropolis application programming interface (API) Platform, which features a suite of liquidity APIs tailored for a more efficient way to access liquidity on the Solana blockchain. This platform comprises a full range of three different liquidity APIs: the Token API, the Price API, and the Swap API.
The Token API provides detailed insights into token information, showcasing enhanced metadata and community-verified automated token tags. This API acts as a reliable resource, granting developers and protocols accurate token data, thus enabling their users to understand better the tokens they are dealing with.
On the other hand, the latest iteration, Price API V2, improves the delivery of price data by providing a more nuanced and accurate calculated price. This version combines real-time data with historical swap metrics from Jupiter and dependable liquidity information, allowing developers and protocols to choose the most fitting pricing data for their specific platform needs. Additionally, Price API V2 incorporates advanced elements such as the Confidence Level, which measures the reliability of the returned price, and the Liquidity Depth, which reveals insights into liquidity levels and the price impacts of larger trades, helping users navigate market conditions effectively.
The Swap API provides an efficient avenue for executing trades and accessing the complete spectrum of available liquidity on the Solana blockchain . With new features like Dynamic Slippage, Instant Routing, and enhanced token availability from the Token API, the Swap API is focused on ensuring optimal exchange rates for token swaps on Solana. It also helps users gauge the priority fees required for successful transaction completions.
Metropolis API Aims to Bolster Liquidity Applications on Solana and Simplify Operational Efforts
Jupiter provides a myriad of services, including a swaps tool, a payments API to define output token quantities, limit orders, and options for dollar-cost averaging (DCA). The platform's native token, JUP , empowers community members to partake in governance activities such as approval processes, sanctioning actions, and voting on several aspects of Jupiter’s operations.
The core objective of Jupiter’s newly launched platform is to facilitate seamless integration with the entire liquidity pool on Solana, equipping users with essential tools to establish viable businesses within the network. These APIs are open to all members and can be accessed through the Jupiter website.
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