As a seasoned analyst with over two decades of experience in the tech and finance sectors, I have witnessed numerous disruptive innovations that have reshaped industries. The meteoric rise of Bitget Wallet is one such development that I find particularly fascinating.
In July, Bitget, a non-custodial digital wallet for web3, outranked Metamask as the most downloaded wallet of its kind.
Based on information from a report distributed to crypto.news, Bitget Wallet reached over 30 million worldwide users in July, which represents a dramatic 150% increase in user numbers compared to the same period last year.
According to CryptoRank’s data, it appears that the wallet was downloaded more than 1.6 million times in July, outnumbering Metamask with its 1.5 million downloads, across both Google Play Store and Apple App Store.
As a researcher delving into the world of cryptocurrency exchanges, I’ve noticed that one significant factor contributing to Bitget’s growing popularity is their dedication to enhancing the “mobile user experience.” This insight was shared by Alvin Kan, the COO at Bitget Wallet, during his interview with crypto.news.
“Numerous Web3 users find the comfort and ease of using mobile wallets more appealing than desktop wallets that require plugins. The intuitive layout of our mobile wallet has become a preferred option for many, leading them to stay away from conventional wallets.”
The growth of Bitget Wallet has been notably robust in Europe, North America, and Oceania, as stated in the release. User counts have multiplied dramatically in nations such as Russia, Italy, Sweden, and Australia (up to 40 times), while they increased over a thousand-fold in France, Portugal, the UK, Turkey, and Canada.
In Japan, the Philippines, and Thailand, there was an impressive 20-times increase in users for the wallet, and user growth in India, Vietnam, and Singapore surpassed a staggering 300%!
As Kan explains, the main factors fueling this growth were Bitget’s cross-chain wallet features that provide “smooth management of multiple blockchain assets” and “easy decentralized trading,” with a particular emphasis on memecoin trading through tools such as smart money tracking on Solana (SOL) and Base (BASE) networks, automatic slippage adjustments, zero gas fees, and an immediate trade option.
In November 2023, the wallet started to offer support for The Open Network, which significantly expanded its user base during the first half of 2024. Simultaneously, the surge in interest for Telegram mini-games over the last few months has contributed to this growth.
“Kan mentioned that we’ve partnered with more than 50 notable TON initiatives, offering users a seamless, gas-free transaction journey and on-chain transfer services.”
Just last month, Bitget joined the ranks as one of the leading wallet service providers to fully adopt The Open Network. Since then, this blockchain network has risen to be the busiest on Bitget Wallet, surpassing Polygon (MATIC), Arbitrum (ARB), and BNB Chain in terms of transaction volume.
Before this, the wallet company collaborated with the cryptocurrency investment company Foresight X to invest in Tomarket, a decentralized finance trading platform built on the TON blockchain.
Moving forward, Kan anticipates that this growth will persist, even amidst the market’s unforeseeable fluctuations. This confidence is bolstered by the increasing demand from both retail and institutional investors for spot cryptocurrency ETFs, as well as ongoing advancements in blockchain technology.
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2024-08-13 09:33