Cake Wallet

Cake Wallet is a non-custodial, open-source multi-chain mobile and desktop wallet that lets users store, send, receive, and swap cryptocurrency — including SOL and Solana SPL tokens — with privacy-focused design, built-in exchange, and Jupiter-powered in-app Solana swaps.

Background

Launched in 2018 by Cake Labs, Cake Wallet began as one of the first dedicated mobile wallets for Monero (XMR), a privacy-by-default cryptocurrency. Over the following years it expanded into a full multi-chain platform and now serves more than 1.75 million users across iOS, Android, Linux, and Windows. Vikrant Sharma, Founder and CEO of Cake Labs, has guided the product from a single-asset wallet into a self-custodial hub for over 15 blockchain networks.

The wallet is free, open-source (MIT license), and available on GitHub under the cake-tech organization. Its non-custodial architecture means private keys are held exclusively by the user — Cake Labs never has access to funds.

Solana Support

Cake Wallet added native Solana support with a full SPL token integration. Users can hold SOL as well as SPL tokens including USDC, USDT, and DAI, which are displayed by default. Additional SPL tokens can be enabled through the wallet's Home Screen Settings or added manually via contract address. NFT display is not currently supported, though expanded token support is on the roadmap.

Solana wallets in Cake use a standard 12-word BIP39 seed phrase with derivation path m/44'/60'/0'/0. Wallets can also be imported using a private key. One design consideration to note: Solana's architecture means each wallet operates with a single fixed address, which differs from UTXO-based chains like Bitcoin where new receive addresses are generated automatically. This is standard across all Solana wallets but offers less transaction-link obfuscation than some other supported chains.

Transaction fees on Solana consist of two components — a base fee set at the network minimum and a priority fee — and Cake Wallet exposes three user-selectable tiers: Slow (lower cost), Medium (recommended for most transactions), and Fast (higher cost, quicker confirmation). SOL is required for all transaction fees, including SPL token transfers.

Advanced users can connect to custom Solana RPC endpoints directly within the app, bypassing default public nodes for faster confirmation times or enhanced privacy.

Jupiter DEX Integration

In January 2026 (v5.7), Cake Wallet integrated Jupiter, Solana's leading DEX aggregator, enabling in-app Solana token swaps with automatic best-price routing across multiple decentralized exchanges. Users can swap SOL and SPL tokens without leaving the wallet or creating an account on a third-party platform. Jupiter's smart routing surfaces the optimal execution path across liquidity venues in real time.

Vikrant Sharma described the integration at launch: "The addition of in-app Solana swaps expands Cake Wallet's multichain capabilities and reflects growing demand for seamless access to decentralized trading tools within self-custodial wallets."

The v5.7 release also bundled native Arbitrum support and Zcash integration with shielded transactions enforced by default — reflecting the wallet's pattern of shipping multiple chain additions in coordinated releases.

Broader Multi-Chain Feature Set

Beyond Solana, Cake Wallet supports Monero, Bitcoin (including Lightning Network), Ethereum, Litecoin, Bitcoin Cash, Polygon, Base, Arbitrum, BNB Smart Chain, Tron, Dogecoin, Nano, Zano, Decred, Wownero, and Zcash. The breadth of coverage is intentional: Cake positions itself as the single app for users who hold assets across privacy-focused and mainstream networks.

Cake Pay extends the wallet's utility into consumer spending, allowing users to pay with crypto for everyday purchases in a manner analogous to a payment card. The built-in exchange lets users swap assets directly within the interface without navigating to an external platform — a pattern consistent with the Jupiter integration on Solana.

Privacy tooling is a distinguishing design priority. The wallet supports Tor routing to mask network traffic, custom node connections for sovereign infrastructure, Silent Payments (a Bitcoin privacy improvement), and PayJoin for Bitcoin transactions. These features reflect the wallet's Monero-first origins and its appeal to privacy-conscious users.

Security and Audits

Cake Wallet is non-custodial and open-source under the MIT license, enabling independent community code review. The project has maintained a public disclosure posture: an older vulnerability affecting Bitcoin wallet generation (versions prior to v4.1.7 created weaker Electrum-format Segwit wallets) was disclosed with remediation guidance advising affected users to migrate funds to freshly generated wallets. No comprehensive third-party security audit covering the full wallet has been publicly published as of mid-2026.

As a hot wallet, Cake carries standard mobile security assumptions: funds on a compromised device are at risk. The app mitigates this with local PIN and biometric authentication.

Ecosystem Fit on Solana

Cake Wallet addresses a specific gap in the Solana wallet landscape: multi-chain users who hold SOL and SPL tokens alongside Monero, Bitcoin, or other assets in a single non-custodial interface. Most dedicated Solana wallets (Phantom, Backpack, Solflare) are Solana-native and offer richer DeFi surfaces — staking dashboards, NFT galleries, dApp browser — but provide no path for users who also need Monero's privacy guarantees or Bitcoin's Lightning capabilities.

The Jupiter integration makes Cake a functional Solana swap interface, not just a storage tool, while the custom RPC support appeals to users who want to avoid relying on public node infrastructure. For Solana ecosystem participants whose holdings span privacy-focused chains, Cake Wallet is a rare option that avoids fragmenting keys across multiple applications.