Hi everyone,
I wanted to open a discussion on a crucial topic: the importance of analytics tools and how they could transform Jupiter and the Solana ecosystem as a whole.
We all know that analytics tools are essential in this memecoin boom we’re experiencing. Many people are already using platforms like Birdeye or DEXscreener to make investment decisions. But… did you know that Jupiter also has a stats page? Check it out here
Oh, wait… it’s been under maintenance for months . And that’s a HUGE missed opportunity for Jupiter and the entire Solana community! Let me explain why:
The Potential of a Good Analytics Tool in Jupiter
Almost every tutorial on investing in memecoins mentions Birdeye or DEXscreener. But if Jupiter managed to launch its own analytics tool, it would have a massive competitive advantage, as Jupiter doesn’t just measure pool volumes; it tracks real trade volumes from its users. This provides a more accurate and holistic view of the market.
Understanding trade volumes is key—while pool volumes indicate the liquidity available, trade volumes reveal where actual trading activity is happening. By having access to this information, users could identify pools with high trade volumes but lower liquidity. This opens up opportunities for liquidity providers to target these under-supplied pools, which may offer higher fees and better returns. It also allows traders to avoid potential slippage or price impact from low-liquidity pools, thus optimizing their strategies.
Imagine having an integrated Jupiter analytic tool that also offers advanced features like limit orders or DCA (Dollar-Cost Averaging), eliminating the need for intermediaries and extra fees. It would be a game-changer for the ecosystem, attracting more users and increasing Jupiter’s usage .
Another advantage Jupiter has is its token list. Many trades made on Jupiter contain messages that assist the user, and this could be leveraged to create powerful filters. For example, if a user wants to provide liquidity exclusively with LSTs (Liquid Staking Tokens), they could filter for those tokens. By comparing Jupiter’s trade volumes against pool liquidity, users could easily find the best pool, across any exchange, for two LSTs. This would significantly enhance the user experience, encouraging greater use of Jupiter’s tools.
What Could the Solana Community Gain?
With a solid analytics tool, we could see enormous benefits:
- Farmers could detect large trades with low liquidity, allowing them to earn more fees.
- Swappers would benefit from better-structured liquidity and less price impact on swaps.
- The entire community would see an improved overall experience within Solana, making it more attractive for new users and projects.
Currently, you can create dashboards on platforms like Dune, but it requires technical knowledge (and it’s not cheap). However, Jupiter already has all the data needed to offer a competitive and accessible tool, potentially even better than the current options.
Why Not Leverage Jupiter’s Dominant Position?
Jupiter has a unique strategic position. Based on the volumes it handles, it’s already a leader within the Solana ecosystem. But if we don’t take this moment to build a robust analytics tool, we’re missing a golden opportunity .
TL;DR: If Jupiter develops advanced analytics tools, everyone wins:
- DAO: more onboarding, new features like limit orders and DCA.
- Users: more fees for farmers, better liquidity for swappers, fewer third-party fees.
- Solana: an overall improved experience for the entire ecosystem.
What do the other catdets think? What priority should this have? Could @0xSoju or @meow enlighten us on the current development status? I’m sure we can make this ecosystem even better together!