Jupiter Re-evaluates Manifest Integration Amidst Orderbook Market Maker Concerns

Jupiter, a prominent liquidity aggregator on the Solana blockchain, is reportedly re-evaluating its integration with the Manifest platform. This comes amid heightened concerns regarding predatory practices, such as "rugging" and "sandwich attacks," commonly associated with orderbook market makers. Siong, a co-founder of Jupiter, underscored the platform's cautious approach to integrating orderbook-based markets.

"Orderbook is notorious for rugging Jupiter users (not saying Manifest is doing so). We have noticed in the past that orderbook MM will try to sandwich users by placing ephemeral orders that will go away when the transaction is executed," Siong stated in a recent social media post. He further elaborated on Jupiter's long-standing caution, adding, "we are always cautious about integrating another orderbook based market before we are ready."

These predatory tactics involve market makers placing temporary orders to manipulate prices, forcing users to execute trades at disadvantageous rates. A "sandwich attack" typically involves a malicious actor front-running a user's transaction with a buy order and then back-running it with a sell order, thereby profiting from the manipulated price movement. While the tweet clarifies that Manifest is not specifically accused, the general behavior of orderbook market makers is the core concern.

Jupiter recently launched Ultra V3, a significant upgrade designed to enhance Maximal Extractable Value (MEV) protection, including robust safeguards against sandwich attacks. This new engine offers 34 times better sandwich protection compared to other leading trading terminals, achieved by preventing trades from being routed to external MEV searchers. Siong highlighted that Jupiter now possesses advanced capabilities to counteract such exploitative behaviors.

"Now we do have a way to punish the above behavior to protect our users. We will reevaluate the Manifest integration again," Siong affirmed. This statement reinforces Jupiter's commitment to user protection and its proactive stance in mitigating potential risks from new integrations. The re-evaluation of Manifest underscores Jupiter's ongoing efforts to maintain a secure and fair trading environment for its users on Solana.