Cosmos Leap Wallet shutting down

The Leap Wallet, a key component of the Cosmos ecosystem, is announcing its closure. This development comes as JPMorgan reports a significant decline in crypto flows, dropping to $11 billion in the first quarter. This figure represents a substantial decrease, approximately one-third of the volume seen in the same period last year. The shutdown of Leap Wallet, coupled with the broader downturn in crypto transaction volumes, suggests a potential cooling or consolidation phase within the digital asset space.