Solana Co‑Founder Proposes Using Fartcoin in Jupiter Route for Tokenized Nvidia Trades

Solana co‑founder Anatoly Yakovenko posted on X that a large Jupiter route could send tokenized Nvidia (NVDA) trades through the meme token Fartcoin before reaching tokenized SpaceX (SPCX). He argues the route could establish the benchmark price used by US brokers.

Why Fartcoin Might Appear in the Trade Path

Yakovenko’s idea revisits a proposal from April 2023 calling for more wrapped assets on Solana so Jupiter can aggregate liquidity from many venues. Jupiter splits orders across multiple pools, and meme‑coin pools often provide the deepest liquidity. Consequently, the router may select a path that includes Fartcoin if it reduces costs for the trader.

Potential Impact on the NBBO

The National Best Bid and Offer (NBBO) is the best price across US exchanges that brokers must honor under SEC rule 611. Yakovenko suggests a low‑cost route involving Fartcoin could influence the NBBO price for tokenized stocks.

Tokenized Stocks on Solana

Tokenized equities already trade on Solana, with weekly volume near $3 billion according to Grayscale. SPCX represents tokenized SpaceX exposure and has been used as collateral for leveraged trades. Jupiter lists tokenized equities alongside meme‑coin markets.

Fartcoin Details

Fartcoin trades around $0.17 and has a market cap of roughly $167 million. The token has risen about 44 % over the past 90 days but remains far below its January 2025 peak.

Risks and Context

On‑chain analysts flagged a coordinated manipulation attempt involving Fartcoin in April that cost a Hyperliquid vault $1.5 million. Yakovenko’s recent comment appears more as a challenge to competitors than a concrete roadmap.