Leap Wallet to Shut Down by May 2026

Leap Wallet, a prominent noncustodial cryptocurrency wallet that originated in the Terra ecosystem and expanded across multiple blockchains, announced on Friday that it will discontinue all products and services by May 28, 2026. The shutdown affects its browser extension, iOS and Android mobile apps, web application, exchange platform, and validator service, marking the end of a project that supported users on more than 100 networks.

The team behind Leap Wallet stated that the decision followed careful consideration, emphasizing their ongoing commitment to the cryptocurrency sector. "This decision was not made lightly," the announcement read. "We continue to believe in the long-term future of crypto and the interchain ecosystem, and we remain supporters of the builders still in the arena." Launched in late 2021 with a $50,000 grant from Terraform Labs, the firm behind the now-defunct TerraUSD stablecoin, Leap initially focused on providing seamless access to Terra's staking, trading, and decentralized applications like Anchor and Mirror. The project raised $3.2 million in seed funding in early 2022, led by CoinFund and Pantera Capital, positioning itself as a user-friendly...