Jupiter, the decentralized exchange (DEX) aggregator built on the Solana blockchain, has recently acquired Ultimate Wallet, a decentralized finance (DeFi) wallet. This acquisition is part of Jupiter’s strategic plan to attract more individuals to the world of cryptocurrency. The goal is to utilize Ultimate Wallet’s technology and team to enhance the performance of Jupiter Mobile, a mobile trading platform set to launch in May without any trading fees.

Jupiter has positioned itself as the leading DEX on Solana, boasting a 24-hour trading volume of over $709 million, which accounts for 10% of the market share. The acquisition of Ultimate Wallet further strengthens Jupiter’s position in the market.

In response to the acquisition, Ultimate Wallet has announced that it will be discontinuing its app. Users will have until May 22nd to utilize the wallet, after which they will only be able to retrieve their recovery phrase. The team behind Ultimate Wallet ensures users that they are committed to making the transition as seamless as possible.

Jupiter’s acquisition of Ultimate Wallet marks an exciting new chapter for both platforms. By combining their resources and expertise, they aim to onboard millions of new users to the world of crypto. The Jupiter community eagerly awaits the launch of Jupiter Mobile and looks forward to the growth and development of the platform.

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