Date: 24.04.2024

by Kajetan Sawicz

Last update: 08.05.2024 12:18

Jupiter Acquires Ultimate Wallet to Boost Mobile Capabilities in Solana Ecosystem

Jupiter, the premier decentralized exchange aggregator on Solana, has announced the acquisition of Ultimate Wallet, a leading self-custody cryptocurrency wallet provider.

By integrating Ultimate Wallet’s sophisticated technology and experienced team, Jupiter aims to accelerate the development of its Jupiter Mobile platform, which is expected to revolutionize user interactions with decentralized finance (DeFi) services on Solana.

A Seamless Transition for Ultimate Wallet Users

Ultimate Wallet has assured its users of a smooth transition following the acquisition. In an official statement, the company expressed excitement about merging with Jupiter and reinforced the security measures in place to protect user assets.

The current Ultimate app is set to sunset on May 22, with detailed instructions provided to users to ensure a seamless changeover.

Jupiter’s Bold Steps in DeFi Market Consolidation

Earlier this year, Jupiter made headlines with its innovative JUP token airdrop, which reached a vast number of investors and solidified its status as a key DEX asset in the Solana ecosystem.

This acquisition aligns with Jupiter’s broader objectives to expand its user base and fortify its position in the fast-evolving DeFi landscape.

The Future of DeFi on Solana Looks Bright

With the integration of Ultimate Wallet, Jupiter is poised to drive unprecedented growth and innovation in digital asset management and exchange.

This move is expected to set a new standard for mobile strategies within the DeFi sector, offering users enhanced functionality and a more engaging experience.

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