SonarWatch Transitions to Solana-Exclusive Operations Following Jupiter Acquisition

Jupiter Exchange has officially integrated SonarWatch, a prominent DeFi portfolio tracker, into its platform, leading SonarWatch to pivot its operations to focus exclusively on the Solana blockchain. This strategic move, announced on January 25, 2025, sees SonarWatch's multichain capabilities being streamlined to enhance Jupiter's new portfolio experience at portfolio.jup.ag. The shift marks a significant development for users tracking their digital assets within the Solana ecosystem.

SonarWatch, which initially launched on Solana before expanding to support multiple blockchains, has now returned to its roots, a decision underscored by the acquisition. "SonarWatch started on Solana, went multichain, and now Solana-only again," stated Geninsus | Jupiter in a recent social media post, highlighting the full circle journey. This integration aims to provide a more robust and dedicated tracking solution for Solana users.

The acquisition by Jupiter Exchange, a leading decentralized exchange (DEX) aggregator on Solana, is part of a broader strategy to consolidate and enhance its offerings. Jupiter confirmed that the SonarWatch team is now building the ultimate portfolio tracker directly within Jupiter's ecosystem, promising more features, improved design, and smarter wallet tracking. A new Activity section will also provide deeper insights into user portfolios.

As a consequence of the acquisition, the native SONAR token will be discontinued, with its supply burned. Holders of SONAR tokens will be eligible to claim Jupiter's native JUP tokens, facilitating a smooth transition for the community. The SonarWatch Portfolio API is also slated for deprecation after a six-month transition period, beginning January 31.

This move by Jupiter Exchange signifies its commitment to strengthening its position as a key player in the Solana ecosystem by offering comprehensive tools for asset management. The new portfolio tracker, developed by the SonarWatch team, is expected to be available on both web and mobile versions, catering to the growing demand for integrated DeFi solutions on Solana.