Solana’s decentralized exchange aggregator, Jupiter, has recently acquired the decentralized finance wallet, Ultimate Wallet, as part of its plan to launch a zero-fee mobile trading platform in May. Jupiter aims to use Ultimate’s technology and team to enhance its mobile platform. The acquisition is a strategic move to attract more users to the world of cryptocurrency. Jupiter currently leads the decentralized exchange market on Solana, accounting for 10% of the market share. Ultimate Wallet has announced that it will discontinue its app following the acquisition, but users will still have access to their recovery phrase and cloud backup.
