Lightspeed-Backed Pontem Acquires Martian, a Popular Aptos Wallet with Over 2M Installs

Abu Dhabi, United Arab Emirates--(Newsfile Corp. - May 21, 2025) - In a defining step for the next generation of Move-based blockchains, Pontem Network - a core product studio for Move ecosystems - has acquired Martian Wallet, a self-custodial wallet with over 2 million installs.

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This strategic acquisition positions Pontem to offer the most integrated and developer-friendly infrastructure in the Move ecosystem, unifying wallets, DeFi, and development tools under one roof.

"We're excited to join forces with Martian and become the leading wallet in the Aptos ecosystem. The future is bright for making Aptos great again."
- Stas Oskin, Co-founder of Pontem

Backed by top-tier investors including Faction, Lightspeed Venture Partners, Pantera, Animoca Brands, Mechanism Capital, and others, Pontem is now uniquely positioned to accelerate adoption across Move-based blockchains like Aptos, Sui, and others.

A Shared Vision for Move Adoption

Both Martian and Pontem were early believers in Move, a secure and developer-friendly smart contract language originally created at Meta. This acquisition brings together two pioneers of the Move ecosystem with a shared vision:

• Scale Move to millions
  Martian, with over 2 million installs, is a major gateway to Move-based networks and supports ecosystems like Aptos and Sui.
• Unify the user and developer experience
  Pontem will offer a complete suite of Move-native infrastructure - wallets, a high-performance DEX (Liquidswap), and developer tools - seamlessly integrated.
• Streamline onboarding
  Combining wallet, DeFi, and dev tooling will drastically reduce friction for new users and builders entering Web3 via Move.

"When I started Martian in my dorm room at Columbia University, I never imagined we'd scale to millions of users and billions of dollars of transactions so quickly. I built Martian to make crypto accessible to everyone, not just technical users. Martian's acquisition by Pontem allows the product I built to create an even more integrated experience by leveraging their significant swap volumes and creating more revenue generation for the wallet."
- Utkarsh Sinha, Co-founder of Martian

What's Next

For now, Martian and Pontem Wallet will remain separate products. Pontem is actively working on ways to maximize synergies and deliver even more value to users and developers across the Move ecosystem.
Immediate priorities include:

• Integration with Liquidswap, the leading DEX on Aptos and a core component of the emerging AMVM ecosystem
• Enhanced multi-chain support and onboarding tools for Move-based chains
• Unified tooling and UX improvements for both developers and users

About Pontem

Pontem Network is a core development studio for Move-based ecosystems. It builds foundational dApps and tools - including the Liquidswap DEX, Pontem Wallet, and Move code tools - to accelerate Move adoption and lower barriers to Web3.

About Martian

Martian Wallet is a leading self-custodial wallet trusted by over 2 million users. It provides seamless access to tokens, NFTs, dApps, and DeFi across Move-based networks like Aptos and Sui, with a focus on speed, simplicity, and transparency.

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