Jupiter launches Ultra v3, can it end the Solana transaction dark forest with "34 times MEV protection"?
Jupiter launches Ultra v3, introducing Iris and ShadowLane, which greatly improves Solana transaction security and efficiency. Intended to absorb traditional funds craving the stability of DeFi transactions.
(Previous summary: DFlow, which wants to be an "on-chain Robinhood", is encroaching on Jupiter's territory)
(Background supplement: A quick overview of the recent earnings of the seven mainstream DEXs: Jupiter and PancakeSwap have stable earnings, while Raydium has declined significantly...)
Jupiter, the largest DEX on the Solana chain, released the Ultra v3 trading engine on the 18th. The new version focuses on blocking MEV sandwich attacks and is intended to repair the long-term trust gap in DeFi. It is also in line with the market context of "stability comes first" for traditional funds under supervision.
Three-pronged approach of performance, security and cost
Ultra v3 uses Iris Router to search CEX quotes on the chain and OKX, increasing the routing speed by a hundred times. In addition, the private channel ShadowLane reduces the matching time to 50-400 milliseconds. Blockonomi analysis points out that the overall transaction rate is expected to be three times that of similar products. The algorithm considers exchange rate, depth and price slippage at the same time to ensure the optimal path of multiple chains.
Officially, Ultra v3’s sandwich defense capability has been improved by 34 times and brought an average positive price slippage of +0.6 basis points.
In terms of fees, Gasless is designed to reduce handling fees by 8-10 times, reducing the minimum transaction amount to US$10, benefiting both retail investors and quantitative funds. Finally, you don’t have to choose between efficiency and safety.
According to past data, Jupiter processed 43% of the DEX volume on Solana in the third quarter of this year. Ultra v3 may be able to bring more developers and liquidity into Solana, providing Wall Street with a low-latency, compliant on-chain entrance. Market participants believe that this kind of self-discipline initiated from the technical aspect is an indispensable stepping stone before DeFi becomes mainstream.
