- Jupiter has announced the integration of the Clone Protocol, enabling users to trade non-native Solana tokens such as BNB and DOGE on the ecosystem’s largest decentralised exchange.
- The integration eliminates the need to use bridges; users can now leverage cloned assets (clAssets) on Clone, which offer a wrapped version of the original token on a secure and efficient platform.
Jupiter, the leading decentralised exchange (DEX) aggregator on the Solana ecosystem, has announced the integration of Clone Protocol, introducing a new era of trading non-native Solana tokens.
Jupiter is the largest DEX aggregator on Solana. Its popularity has spiked over the past six months, hitting at least $14 billion since December and peaking at $47 billion in March. This week, it has been averaging over $800 million in daily volume, four times higher than second-placed DODO.
This week, Jupiter announced that it has integrated Clone Protocol. “This allows you to trade assets that aren’t native on Solana, such as DOGE, ARB, and OP, seamlessly with low fees and without needing to bridge,” it stated.
Cloned assets are officially integrated with @JupiterExchange! 🤯
You can now swap into clAssets from any token available on Jupiter, making it easier than ever to trade non-native assets like DOGE, ARB, and OP on Solana. Soon all of crypto will be at your finger tips directly… https://t.co/9IycOtK43p
— Clone (@CloneProtocol) May 6, 2024
Clone pledged to expand its suite, assuring its users that “soon, all of crypto will be at your fingers directly on Solana.”
Clone Protocol Expands Reach With Jupiter Partnership
Clone is a DEX on the Solana network that targets non-native token trading through its cloned assets, or clAssets. The vision is to allow users to trade any token on the market on the Solana ecosystem’s burgeoning platforms without the need for risky bridges.
clAssets are supported by hyper-efficient liquidity pools that only require USDC to participate in. This consolidates the liquidity and eliminates the guesswork for the liquidity pools, offering the most scalable platform for onboarding every other token to the Solana network.
Clone publicly launched its mainnet in early March, availing features such as the Comet Liquidity Systems, upon which the cloned assets rely for scalability and capital efficiency. The mainnet also introduced the Wrapper, an easy-to-use and intuitive tool that allows users to swap their bridged assets for cloned assets. For instance, a user who has bridged SUI through Wormhole can swap it for its cloned counterpart on a 1:1 basis and enjoy the speed, liquidity and security of the Solana ecosystem’s trading and DeFi platforms.
Clone Protocol has grown aggressively since launching its mainnet. On Clone Markets, users can seamlessly trade clAssets, with Arbitrum, SUI and Optimism among the supported tokens.
However, the Jupiter partnership presents the biggest opportunity for Clone to become a mainstay in the Solana DEX ecosystem.
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