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Jupiter introduces Universal Send feature on Solana to onboard new token holders

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Jupiter introduces Universal Send feature on Solana to onboard new token holders

In this post:

  • Jupiter’s Universal Send went live on the mobile app.
  • Users can send Solana tokens, stablecoins, memes, or NFT to any user, even without a wallet.
  • Jupiter remains a top app, producing close to $2M in daily fees.

Jupiter introduces a new feature to its mobile app, offering to send any Solana asset even without a destination wallet. Universal Send may bring more users to Solana as they claim their rewards. 

Jupiter, one of the key aggregator and DEX apps on Solana, expanded its onboarding features. The new Universal Send option will allow crypto holders to send any asset even to users with no wallets. 

All Solana assets, including meme tokens, stablecoins, or NFT, are eligible for sending. The sender must only cover the gas costs on Solana. The feature is live on the Jupiter mobile app and is accessible after an update of the mobile app.

 

The recipient may decline the offer, in which case the assets will be returned to the original wallet. Jupiter aims to onboard more Solana users with the option for gifts and tipping to new potential users. 

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Jupiter has set gas to a minimum for Universal Sends, aiming to tap the trend of fintech tips and gifts through Solana assets. The app’s goals is to send value and gifts to anyone without requiring a separate wallet beforehand. For now, Jupiter has not detailed the safeguards against fake tokens or unwanted airdrops, except for the limitation of paying Solana gas.

The Jupiter community immediately responded with potential use cases. For Web3 projects, Universal Send may be used for rewards or even social media airdrop campaigns, without the need for third-party platforms. The feature may also be used by KOLs to spread new meme tokens. 

To claim the offer, the recipient must also download the Jupiter Mobile app, which has already achieved over 100K downloads

Jupiter drives Solana adoption

Previously, Jupiter introduced other onboarding tools like Blinks, social media links that lead to on-chain transfers. Jupiter serves mostly as a DEX and an aggregator, but it aims to offer a full crypto experience as the central Solana app. 

The tools match the Jupiter trader profile, where the bulk of swaps are for under $100. The aggregator benefits from the recent recovery of Solana DEX trading and the renewed interest in meme tokens and AI agent tokens. 

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Jupiter remains one of the most active apps, as reflected by its daily fees. Jupiter carries over 21M daily swaps, with a peak of over 57M swaps on January 20, one of the busiest days on Solana. 

In the past month, Jupiter’s new and returning users market an outflow, as activity shifted to other DEXs. Despite this, Q1 was one of the most successful for new Jupiter users.

Jupiter introduces Universal Send feature on Solana to onboard new token holders
Jupiter saw an outflow of users lately, but Q1 was one of the most successful un terms of new and returning users. | Source: Dune Analytics

As a result, Jupiter produces $1.97M in daily fees from a mix of DEX activity, aggregator services, the DCA buying program, and the perpetual DEX service. The platform expands with the goal of becoming the everything app on Solana, bridging over to social media. 

Following the news of the new feature, the native JUP token still traded near its lower range at $0.41. JUP remains pressured by selling after its January airdrop, which led most of the recipients to take profits.

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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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