Solana Breakpoint Conference announces that Jupiter has truly come up with a big move this time.

Their COO Kash Dhanda directly threw down the gauntlet: the beta of the lending platform is over, and the code has been fully open-sourced on GitHub. This move is equivalent to giving their lending infrastructure for free to the entire ecosystem — either they have a grand vision or there's a bigger game in the works.

The answer was soon revealed. The newly launched Terminal is more than just an upgrade to the trading interface; wallet tracking and on-chain data visualization are all integrated, showing clear ambition: to become the underlying trading infrastructure of the Solana ecosystem. There’s also a Rewards Hub that directly invests $1 million in users — trading rewards and referral bonuses, typical Web3 growth strategies.

Developers haven't fallen behind either, with a dedicated Dev Platform offering API documentation, real-time analytics, and debugging tools all in one package. This follows the "developer-friendly" approach learned from Ethereum, but at a faster pace.

The main event is yet to come: JUP USD is here.

Yes, Jupiter is launching a stablecoin. It will be tradable next week, and users can also earn yields. Once this is operational, the entire ecosystem’s value anchoring method will change — from a simple DEX aggregator to a financial hub with stablecoins.

Even more impressive is their acquisition of RainFi. After merging, they plan to develop peer-to-peer lending, called Jupiter Orderbook, launching in Q1 2025. With this pace, lending, trading, stablecoins, and developer tools will all be in place.

In summary, Jupiter’s current strategy is very clear: build a complete DeFi banking system on Solana. Aggregators are just the starting point; full-stack financial infrastructure is the ultimate goal. This stance indicates they aim to take on other platforms altogether.