As a seasoned crypto investor with a keen eye for emerging trends and technologies, I have to admit that the success of Bitget Wallet is nothing short of impressive. Having navigated through various market cycles since the early days of Bitcoin, I’ve seen my fair share of ups and downs in this space. However, what Bitget has managed to achieve during a time when many other projects are struggling, is truly remarkable.
In August 2024, the well-known Web3 wallet service, Bitget Wallet, marked a substantial achievement by amassing 12 million active users, even during periods of decline in both cryptocurrency and conventional finance markets.
During a single month, the wallet was downloaded more than two million times, outpacing MetaMask in terms of overall app downloads, making it the most popular Web3 wallet available for download on both the App Store and Google Play.
Bitget’s achievements are primarily due to its tactical collaborations with popular Web2 platforms such as Telegram, Apple Pay, and Google Pay. By employing Multi-Party Computation (MPC) keyless wallet technology, users can easily create wallets using common Web2 login credentials, thereby reducing the technical hurdles for less tech-adept individuals to engage with the Web3 realm.
Alvin Kan, the COO of Bitget Wallet, credits the company’s remarkable expansion to its substantial connection with Web2 platforms, specifically Telegram. He emphasized that the enormous user base of Telegram sparked a viral impact, drawing in millions of users who were previously unaware of cryptocurrency.
By forging alliances with over fifty initiatives within the Telegram Open Network (TON) community, such as the widely-played Tap-to-Earn games like Catizen, Tomarket, and Notcoin, Bitget’s growth has been significantly boosted.
As a researcher delving into the intricacies of the TON blockchain ecosystem, I’ve uncovered some fascinating statistics. Approximately 40% of Bitget Wallet users have integrated their operations with the TON MPC wallet, underscoring its significant role within our community. Meanwhile, an impressive 68% of Telegram’s Tap2Earn players are leveraging Bitget’s platform, further emphasizing its prominence in this space. Furthermore, it’s noteworthy to mention that Bitget Wallet controls a substantial 17% of all active addresses on the TON network, highlighting its extensive reach and influence within this dynamic ecosystem.
Bitget Wallet’s worldwide growth strategy emphasizes delivering financial solutions to under-served regions, with a staggering 1,000% annual increase in countries such as Japan, India, Nigeria, and the Philippines. Their platform, which aggregates services, caters to cryptocurrency trading, NFTs, and blockchain applications across numerous networks. This places Bitget at the forefront of the decentralized finance sector.
Bitget’s unique offerings, including gas-free trading, AI-driven Smart Money monitoring, and memecoin trading on both Solana and Base networks, significantly improve the user experience. The company’s $10 million BWB ecosystem fund is dedicated to nurturing new blockchain services, thereby cultivating a thriving Decentralized Finance (DeFi) environment.
Alvin Kan highlighted Bitget’s objective: “We strive to guide Web2 users towards the Web3 realm, simplifying the process of using cryptocurrency, particularly benefiting those in areas with restricted traditional financial services.
By offering strong cross-chain asset management, forming strategic alliances, and continuously pushing the boundaries with innovation, Bitget Wallet is poised to spearhead the upcoming wave of Web3 integration.
Read More
Sorry. No data so far.
2024-09-11 19:48