Jumper Exchange Review 2024: Pros, Cons, & Safety

Published: June 20, 2024   |   Last Updated: July 9, 2024
Written By:
Alex Miguel

Our Take On Jumper Exchange

THE BOTTOM LINE:

Jumper Exchange is an all-in-one DeFi platform for swapping and bridging tokens across several different blockchains. It offers a super clean user interface, making cross-chain DeFi simple and easy for all levels of users. It’s best for power DeFi users, but won’t appeal all that much to users who aren’t looking to move off of centralized exchanges (CEX) or users that stick to one chain.

Pros

  • Supports 25 chains
  • Integrates with 30 DEXes
  • 15+ bridge integrations
  • Clean user interface

Cons

  • Could seem complex to DeFi newbies
  • Backend is centralized (for now)
Via Jumper Exchange’s Website
4.8
Cost
0% (Network fees only)
Support
Any token on major DEXes across 22+ chains
Availability
Worldwide
Token

Jumper Exchange Overview

Supported Chains25 chains including Ethereum, Arbitrum, Solana, Avalanche, BNB Chain, and more
DEX Integrations30 DEXes and DEX aggregators including Uniswap, 1inch, Paraswap, Sushi, Quickswap, Pancake, Pangolin, and more
Solvers3 Solvers: PropellerHeads, Enso, and Odos
Bridge Integrations15+ bridges including Connext, Hop, Stargate, Across, cBridge, Hyphen, Symbiosis, and more
Unique FeaturesAutomatic route recommendation, detailed trade information (gas fees, provider fees, price impact, slippage), loyalty program for active users

What Is Jumper Exchange?

Jumper Exchange is a cross-chain DeFi exchange. It simplifies the process of swapping, bridging, trading, and transferring tokens across multiple blockchains, into one interface. 

This directly addresses the fragmentation in the DeFi landscape. With Jumper, users no longer need to navigate a combination of different blockchains, bridges, and DEXes to swap tokens on one chain for those on another.

Jumper aggregates the best liquidity sources and routes, making cross-chain transfers straightforward and efficient.

The platform is the flagship app built upon the LI.FI (Linked Finance) Protocol, which boasts investment from big names like CoinFund and Dragonfly.

Jumper Exchange Key Features

Jumper Exchange fills a niche of its own, aggregating not only DeFi exchanges, but also bridges.

Here’s what it offers:

  • Unified Interface: Jumper combines all of the best blockchains, bridges, and DEXes into a single interface.
  • Aggregator Functionality: Rolls all of the best liquidity sources into one, for minimal slippage on large trades.
  • Route Recommendation: Suggests the most efficient route for any token pair, balancing security, speed, cost, and number of clicks.
  • Detailed Trade Information: Provides in-depth details for each trade. This includes estimated gas fees, provider fees, price impact, protocols used, and estimated transaction time.
  • Supports 25 Chains: Including Ethereum, Arbitrum, Polygon, Avalanche, BNB Chain, and more.
  • Integrated with 30 DEXes: Such as Uniswap, 1inch, Paraswap, Sushi, Quickswap, Pancake, Pangolin, and others.
  • 15+ Bridge Integrations: Including Connext, Hop, Stargate, Across, cBridge, Hyphen, Symbiosis, and more.
  • Aggregates 3 Solvers: PropellerHeads, Enso, and Odos.
  • Loyalty Program: The Jumper Loyalty Pass rewards active users with exclusive access to airdrops, better yield opportunities, perks, and IRL events.

Jumper Exchange Fees

Jumper doesn’t charge any fees itself. Users will only be charged standard network and provider fees associated with the underlying bridges and DEXes used for their transactions.

These on-chain costs will be estimated by Jumper before making any trade, and may include:

  • Gas Fees: Variable depending on the blockchains involved and any network congestion on those chains.
  • Provider Fees: Specific to the bridge, DEX, or Solver used.
  • Price Impact and Slippage: Dependent on the liquidity and volatility of the tokens being traded.

Our Expert Review Of Jumper Exchange

Jumper is a cross-chain exchange. It’s a bridge and an exchange in one: Rather than having to bridge funds to your target chain, and then make an exchange on a separate platform – you can do it all in one step.

To try it out, I’m going to swap some Base ETH for some BNB on Binance Smart Chain. Two different assets, two different chains.

Interface

Jumper Exchange offers a surprisingly clean and intuitive interface, given the complexity underneath.

Jumper Exchange

It’s easy to navigate, probably even for those new to DeFi. The UI design is modern and responsive, giving a pretty seamless experience even on mobile. 

Making a trade

To place a trade, you simply select the following:

  • The blockchain and the token you want to sell.
  • The blockchain and the token you want to buy.
  • The amount you want to swap.

Jumper does the rest, finding you the optimal route to make it happen. Not only will it find the optimal route price-wise, but it will also list all available routes – including an option for the fastest one – to keep your options open.

Side Note: Make sure you have a wallet ready to go on the receiving chain, especially if it’s a different address! For example, a swap from Ethereum tokens to Solana tokens requires you to connect a Solana wallet (or provide a receiving address).

Jumper

In this case, it’s given me the choice between Symbiosis and Connext – as well as highlighting the optimal option, fees, and speed associated with each choice.

Each trade route includes detailed information, making it easy for users to understand the costs and benefits of their transactions.

Making a trade

Click “start bridging” to get the ball rolling. From here, you’ll need to sign several transactions to complete the trade. 

Why so many? Well, since the transaction will usually involve both a bridge and a DEX, you’ll need to approve access to the token for two protocols, as well as confirm the actual token transfers, too. 

Each of these steps is laid out nice and clearly for you as you go:

DeFi Exchange

And that’s it! I’ve swapped chains and assets in one transaction, using DeFi only – no centralized exchange required.

Jumper vs Bungee

Jumper Exchange Customer Service

Jumper Exchange has a support channel on Discord that is easily accessible from the web app. 

Within this channel, you can use the bot to check the status of any transactions you’ve made through the protocol. The UI makes transaction hashes readily available for convenience, which is handy.

Customer Service

Alternatively, you can ask a question and wait for a response from any Jumper support workers in the channel. 

Be aware that you may need to wait some time for a response – I didn’t get one in a timely manner when I tried, so I missed the response.

Who’s Jumper Exchange For?

Jumper is geared toward DeFi users of all experience levels that use multiple chains. This includes: 

  • Multi-Chain Users: DeFi power-users who want a one-stop solution to manage their tokens across multiple blockchains. They transfer assets cross-chain on a regular basis.
  • DeFi Newcomers: Beginners looking to explore DeFi, without the complexity of multiple platforms.
  • Yield Hunters: Perfect for users seeking the best yield opportunities across various chains.
  • Airdrop Hunters: Ideal for degens hunting protocols on the newest chains that are yet to launch a token. 
  • Market Makers: Shows the best rates for rebalancing portfolio across different blockchains.

Who’s it Not For?

Similarly, those that aren’t deep into DeFi won’t have much use for Jumper. Examples of users that may not need it are:

  • Absolute Beginners: Those that are completely new to crypto might find the platform’s underlying complexity overwhelming – but this goes for all DeFi.
  • CEX-Only Users: Users who mostly use centralized exchanges rather than DeFi won’t have much use for on-chain functionality.

Jumper Exchange Alternatives

Jumper vs. Bungee

Both Jumper and Bungee are cross-chain bridge and exchange aggregators, allowing users to swap between supported tokens on any supported blockchain.

Jumper appears to have faster and bigger growth in terms of newly supported chains, while both platforms have a similar number of supported bridges.

Support is slightly better on Jumper, with real-time chat support on Discord. Bungee users need to submit a support ticket for issues, to which the team will reply via email.

FeatureJumperBungee
Cross-Chain Support25 chains, EVM + Solana + Bitcoin16+ chains, EVM only
Bridge Integrations15+16+
SupportReal-time on DiscordSubmit email ticket
FeesNo platform feesNo platform fees
Loyalty ProgramJumper Loyalty PassNot at time of writing
Built viaLI.FISocket

Jumper vs. Across Protocol

Although some may see Across Protocol as an alternative to Jumper, it’s actually a standalone bridge, rather than an aggregator. 

It’s actually integrated into Jumper too, meaning that you may be using Across Protocol without even knowing it on a token swap.

Across Protocol doesn’t have exchange functionality on its own, since it’s a pure bridge. If you send one token cross-chain with Across (without using Jumper), you’ll only be able to get the same token on the other side.

FeatureJumperAcross
Cross-Chain Support25 chains8+ chains
Bridge Integrations15+1 (Standalone bridge)
AggregatorYes, aggregates multiple bridges and DEXsNo
Exchange FunctionalityYesNo

Is Jumper Exchange Safe To Use?

Jumper Exchange has a short but solid history, with some impressive backers.

Jumper Exchange Leadership

Jumper Exchange was founded in March 2023. Its leaders on X.com go by @zord4n, a DeFi growth expert and @Bizzar0m0, a seasoned crypto entrepreneur.

Has Jumper Exchange Been Audited? 

LI.FI’s smart contracts have been thoroughly checked by three different security firms: 

  • Spearbit
  • Code4rena
  • Quantstamp.

These audits helped them introduce two new features: a monetization switch for adding fees and cross-chain contract calls for better interaction between different blockchains.

Jumper also ensures that it only integrates audited bridges and DEXs, making sure their users are operating a secure transaction environment.

However, keep in mind that Jumper is not responsible for the security of its integrated partners. Multiple smart contracts used for each trade means multiple risk factors – audits aren’t fool-proof.

Final Thoughts On Jumper Exchange

Jumper Exchange is an excellent example of a protocol that makes cross-chain DeFi easy. 

In a space that’s long been messy and fragmented, Jumper ties together all of the most popular blockchains, bridges, and decentralized exchanges… All rolled up into one, amazingly simple to use app.

With new integrations on a regular basis and more than billion of dollars in transfers already facilitated, Jumper has cemented itself as a key player in the cross-chain space.

It’s best suited for power DeFi users, but won’t be needed if you prefer centralized exchanges or operate only on one blockchain.

Frequently Asked Questions

Yes, Jumper doesn’t charge platform fees itself. 

On the other hand, the routes used by Jumper come with their own network fees. This includes gas fees and provider fees, which depend on the specific route and integrations used.

Jumper Exchange supports 25 chains, including Ethereum, Arbitrum, Polygon, Avalanche, and BNB Chain.

Yes, Jumper Exchange provides customer support through its #support channel on Discord.

The Jumper Loyalty Pass is a loyalty program that rewards users with exclusive access to airdrops, better yield opportunities, perks, and IRL events. 

User rewards are based on their on-chain actions performed via Jumper.

Yes, Jumper’s underlying technology has undergone several audits by leading cybersecurity firms including Spearbit, Code4rena, and Quantstamp.

Jumper aggregates secure, audited bridges and DEXs, but users should perform their own due diligence.

Jumper Exchange is ideal for DeFi enthusiasts, newcomers, and yield hunters looking for seamless cross-chain transactions.

Alex Miguel
Alex Miguel
Alex
Alex is a writer and DeFi enthusiast, with a background in economics. His passion is helping others to understand the next generation of digital finance.

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