Jumper to Spin Off From LI.FI, Hold First JUMP Token Sale on Legion

Cross-chain aggregator Jumper announced plans to split off from LI.FI and become an independent company, while holding its first JUMP token sale on the Legion platform — also Jumper's first external fundraising, according to Cointelegraph. Jumper said its cumulative trading volume has surpassed $40 billion with more than 100,000 monthly active users. After becoming independent, the company plans to expand beyond cross-chain into perpetual futures, tokenized stocks and other real-world assets, and yield products, with Jumper Perps expected to launch in the coming weeks. The JUMP token is planned to launch after the fundraising concludes, and Jumper said it is not running a separate equity raise at the same time.