The Jupiter Mobile app lets users deposit using Apple Pay, bank cards, and PayPal.

On October 8, the decentralized exchange (DEX) built on Solana (SOL), Jupiter, announced that its app is now available on iOS.

One of the significant features is the ability to deposit funds in exchange via bank and credit cards.

Currently, the app only supports Apple Pay, with Google Pay expected to be added soon. However, the application has yet to be available on Google Play.

Can Jupiter Compete with Other DEXs?

Jupiter is part of the Solana ecosystem and is one of the largest apps built on its blockchain.

DeFiLlama says Jupiter ranks third in Total Value Locked (TVL) among Solana-based chains, with $1.25 billion in assets.

Jito and Kamino take the top spots, with $1.91 billion and $1.51 billion in TVL, respectively.

The leading exchange in decentralized finance (DeFi) remains Uniswap (UNI), with a TVL of $4.62 billion.

Uniswap also has its own app, which is available on Google Play and the Apple Store. However, there is currently no direct option to pay via bank cards or use Apple Pay/Google Pay on Uniswap. Users must connect their crypto wallets to platforms that support these payment methods.

Price of Jupiter Unaffected by App Launch

Despite the app’s launch, the price of Jupiter (JUP) did not show positive movement. According to CoinGecko data, the token’s value dropped 4.6% over the past 24 hours.

On October 7, JUP was trading at $0.81, but by October 8, it fell to $0.73.