Jupiter acquires majority stake in Moonshot, allowing users to buy memecoins with Apple Pay

Jupiter, a decentralized exchange (DEX) based on Solana, has acquired a majority stake in Moonshot, an app that enables users to purchase memecoins using Apple Pay. The acquisition was announced by Jupiter's founder, Meow, who praised the Moonshot team as being among the most intelligent and driven individuals he has ever met. According to DefiLlama, Jupiter is the third-largest Solana DeFi protocol, with a total value locked (TVL) of $2.83 billion, trailing only Raydium and Jito. Jupiter has also integrated SonarWatch's portfolio tracking tool into its platform, with Sonar.watch redirecting to portfolio.jup.ag in three months.