The user base of Bitget Wallet has increased twofold to 30 million in just one year, primarily due to the surge in on-chain trade and the growth of the decentralized finance (DeFi) ecosystem.
The platform’s sophisticated on-chain trading capabilities, specifically within the meme currency ecosystem, have garnered a substantial influx of new users.
Bitget Wallet has emerged as a prominent platform for meme currencies, including advanced functionalities such as intelligent money monitoring on Solana and Base chains, automatic slippage, absence of gas fees, and instantaneous trade mode.
The TON ecosystem has significantly contributed to the expansion of Bitget Wallet, establishing itself as the network with the highest transaction volume on the platform.
The introduction of the BWB token has amplified user involvement and expanded the platform’s influence in crucial markets such as Japan and Nigeria. The wallet has had substantial growth in Europe, North America, and Oceania, with considerable gains in user numbers in Russia, Italy, Sweden, and Australia. France, the UK, Turkey, and Canada also witnessed a surge in user numbers over 1,000%.
Alvin Kan, the Chief Operating Officer (COO) of Bitget Wallet, emphasized the platform’s capacity to adjust to various markets and fulfill the increasing demands of users globally. The platform’s global expansion demonstrates its capacity to adjust to various markets and fulfill increasing user requirements on a global scale.
The number of users of Web3 applications reached a new peak in the second quarter of 2024, with a daily count of unique active wallets reaching 10 million. This is a 40% increase compared to the first quarter and marks the biggest number of active wallets recorded thus far.
The rise in the use of wallets in the DeFi sector suggests a growing enthusiasm for decentralized applications (dApps) and a greater acceptance of Web3 technology.
In order to tackle this obstacle, Bitget Wallet has implemented various functionalities to improve the user’s interaction with the platform. One of these features is the incorporation of a Multi-Party Computation (MPC) wallet, which streamlines the process of creating and managing wallets.
