On October 20th, Solana’s leading decentralized exchange aggregator, Jupiter, unveiled a new trading engine, aiming to enhance its performance. Entitled Ultra V3, the state of the art trading engine provides a range of improvements, from increased protection against attacks, to lower fees and positive slippage for its users.
Technology Behind Ultra V3
The advent of Ultra V3 introduces three groundbreaking technologies to Jupiter’s transactional process; Iris Router, ShadowLane, and Predictive Execution. The introduction of these technologies aims at reducing the transaction fees and eliminating surpluses of slippage.
Performance Enhancement
Jupiter’s technological revamp brings about a significant improvement to the platform’s performance, as well as the Solana Network. The novel trading engine is developed to make transactions faster, more economical, and safer for the traders.
Most existing platforms offer optimistic quotes which do not accurately mirror the on-chain reality. Ultra V3 addresses this issue with its Predictive Execution feature, which ensures accurate on-chain execution and improved price prediction capabilities.
The Ultra V3 technology ensures that every swap lands exactly as promised. It executes optimally at the best possible price, providing a more transparent and reliable service for Jupiter’s users.
Upgrade Enhances Defense Against Sandwich Attacks
Among the benefits of Jupiter’s upgrade, one of the significant advancements is its protection against sandwich attacks. In a scenario of a sandwich attack, validators place transactions before and after those of regular users. This leads to increased slippage and inflicts significant losses on traders.
Jupiter’s upgrade to Ultra V3 provides 34 times stronger protection against such malicious attacks, thereby ensuring more secure transactions for its users.
Positive Slippage and Lowered Fees
The Ultra V3 upgrade bears more benefits for Jupiter’s users. It ensures 8 to 10 times lower execution fees compared to similar platforms available in the market. In addition, Ultra V3 aims to provide 0.6 basis points of positive slippage. This signifies better prices for traders than those quoted initially.
Furthermore, the upgrade also aims to lower barriers for retail users by extending its gasless support. Additionally, the minimum trade size for Jupiter has been reduced to $10, making it more accessible to new and lower-volume traders.
Conclusion
Jupiter’s new trading engine, Ultra V3, signifies a significant upgrade in the trading and transactional process of the Solana Network. Through its unique technological advancements and reduced barriers, it aims to provide a streamlined trading experience for its users. The introduction of Ultra V3 not only makes transactions faster, cheaper, and more secure but also reduces the risk of losses due to sandwich attacks. By providing lower execution fees and positive slippage, Jupiter continues to innovate and enhance the trading experience for its users.
