tl;dr
Jupiter, a Solana-based DEX aggregator, has launched a new Ecosystem Token API, aiming to revolutionize token data access. The API promises faster and more secure access to token information, consolidating token, market, and partner data into a streamlined platform. It offers improved speed, multipl...
Jupiter, a Solana-based DEX aggregator, has introduced the Ecosystem Token API, aiming to revolutionize token data access. The API consolidates token, market, and partner information into a single, streamlined platform, offering improved speed and enhanced security measures to protect against imposter tokens.
The API, built on Jupiter’s new Metropolis infrastructure, promises faster access to token information, almost instantly surfacing new tokens from emerging markets. It provides multiple endpoints for data access, allowing users to search by mint address or partner tags, thereby offering greater flexibility and precision in accessing token data.
Security is a top priority for the new API, as it identifies and removes imposter tokens and aims to continuously improve security measures. It also offers a comprehensive view of token data, incorporating market metrics and essential metadata, making it a one-stop shop for all token data needs.
Despite the positive announcement, the price of JUP was down 5.35% to $0.9643, with increased trading volume of $167.51 million. The project plans to sunset its old APIs by the end of August 2024, urging users to migrate to the new system.
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