Persona 4 Arena Ultimax offers various unlockables and achievements to pursue. Completing Story Mode with both Episode P4 and Episode P3 arcs will unlock the true ending and additional lore. Finishing Arcade Mode with each character often unlocks their unique ending illustrations and character colors. Completing all challenges for a character in Challenge Mode can also unlock special titles or colors. Golden Arena Mode offers unique accessories and titles for reaching certain floors or defeating specific bosses. Many achievements are tied to these activities, such as winning a certain number of online matches, performing specific combos, or reaching high scores. Check the in-game achievement list for a full breakdown and plan your unlocks accordingly. Some achievements might require specific character choices or playstyles.
