The third version of the Ultra protocol, developed by Solana decentralised exchange aggregator Jupiter, has been released, and the company describes it as “the most advanced end-to-end trading engine ever created.”
Jupiter claims that Ultra v3 provides up to ten times reduced execution fees, “industry-leading performance” in terms of slippage, and 34 times greater sandwich protection.
The Ultra v3 launch
A new router, named Iris, was also introduced during the launch. It is a so-called meta aggregator that compares prices across trading platforms such as JupiterZ, DFlow, Hashflow, and OKX.
JupiterZ, a native Request for Quote (RFQ) technology that will only be accessible through Ultra v3, reportedly supports a daily volume of around $100 million with 0% slippage.
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All of Jupiter’s products, including its desktop and mobile applications, API, and Pro Tools, have Ultra v3 integrated at launch.
Jupiter’s enhanced “predictive execution” engine, which “intelligently prioritises routes” to prevent slippage and runs “just in-time simulations” to obtain tighter quotations, powers the aggregator’s improved metrics.
Jupiter’s “in-house transaction landing engine,” ShadowLane, which provides sub-second and private transaction execution, is also included in the release. Additionally, Ultra v3 offers enhanced defence against Maximal Extractable Value (MEV) assaults.
$JUP token price actions
After the news came out, Jupiter’s native token $JUP was up by almost 5% and is trading at $0.3420. The global market cap is at $1.08 billion, and the 24-hour trading volume is down by 22.15%.
“Other providers increase your risk of being sandwiched by selling your order flow to third-party MEV searchers,” Jupiter writes. “Ultra v3 does the opposite – it minimises your exposure to toxic MEV by ensuring your trades are never handed off to any external provider for on-chain execution.”
Last but not least, Ultra v3 expands Jupiter’s “Gasless Support” function, which allows users to trade without carrying SOL in their wallets to cover network costs.
Jupiter stated that its enhanced support covers the Token-2022 and memecoin-memecoin pairings, along with a reduced $10 minimum trade size. “Ultra will compute the gas from your transaction, and pay for it with your swap, so long as one token has a qualifying value during a trade,” Jupiter said.
The upgrade works flawlessly with Jupiter’s desktop and mobile applications, as well as its professional tools and API. One of Solana’s most sophisticated aggregators, Ultra v3, gives traders and investors more order execution efficiency, security, and flexibility.
The new update from Jupiter provides special attention to innovation and security, proving that even with advanced development in the cryptocurrency and blockchain space, something that is most important and should be paid attention to is a strong security roadmap.
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