The Leap project launched in late 2021 with a grant of $50 000 from Terraform Labs—the developer of the algorithmic stablecoin TerraUSD. In early 2022, the startup raised $3.2 million in a seed round led by CoinFund and Pantera Capital. Similar to MetaMask for Ethereum (ETH) or Phantom for Solana (SOL), Leap was created as a basic wallet for the Terra ecosystem. It offered tools for staking LUNA, trading on the TerraSwap platform, and interacting with decentralized applications like Anchor and Mirror. After the collapse of Terra, which became a catalyst for the crypto market downturn in 2022, the startup shifted its development focus. The team added support for the broad multi-chain Cosmos ecosystem, as the Terra blockchain was originally built on Cosmos SDK.

ETH-0.29%
SOL-1.4%
LUNA0.05%
ATOM-2.22%
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