(PRESS RELEASE – Victoria, Seychelles, March 20, 2024)
This is an important milestone for the industry, Bitget Wallet, the first Web3 wallet in Asia, announced that its global user base has surpassed the 20 million mark, making it the fourth largest wallet in the world. This achievement coincides with the launch of the platform's token, BWB, alongside an exciting six-week BWB token airdrop campaign, attracting widespread attention within the global community.
Harnessing Product Innovation for Unprecedented User Growth
Since its launch in May 2018, Bitget Wallet has been dedicated to developing a robust Web3 infrastructure with the mission of providing every user with fair and unlimited access to the Web3 universe. With in-depth market knowledge and constant innovation in product development, Bitget Wallet has seen an explosive increase in its user base, marking a significant achievement during its five-year journey.
Bitget Wallet's strategic foresight during DeFi Summer 2020 led to early adoption of DEX listings, significantly improving the user experience for asset discovery and on-chain trading. This innovation has attracted considerable user interest. The subsequent rise of NFTs and the metaverse saw Bitget Wallet expand its offerings with an NFT marketplace, further propelling its growth. As decentralized trading became widely accepted, Bitget Wallet was at the forefront, integrating Swap trading functionality and establishing itself as the first in the industry to offer aggregated cross-chain DEX market data and facilitate transactions inter-chain without gas. Continuous improvement of its Swap product has been a crucial driver of the expansion of Bitget Wallet's user base.
In 2022, Bitget Wallet reached a remarkable milestone by completing a $15 million Series A funding round at a valuation of $100 million, led by Dragonfly Capital. This was followed by a strategic investment of $30 million from Bitget Exchange, increasing its valuation to $300 million.
After the investment, Bitget Wallet underwent a complete brand upgrade and optimization of its Swap services, introducing cutting-edge features such as intelligent market data and Smart Money tracking. Its Swap transaction volume consistently ranks in the top ten among all DeFi projects, rivaling and sometimes surpassing MetaMask, highlighting its competitive advantage in the market.
Beyond refining its Swap transactions, Bitget Wallet has expanded its ecosystem with the introduction of Launchpad and a Profit Center, allowing users to discover new assets and opportunities. Today, Bitget Wallet transcends the traditional wallet paradigm, evolving into a comprehensive decentralized ecosystem platform encompassing DEX, smart market data, Launchpad, listing platforms, NFT marketplace, and form of Web3 task incentive.
In 2022, Bitget Wallet's diverse user base spanned 168 countries and regions, including Asia, Europe, and North America, with a number of 15 million users. In the fourth quarter of 2023, its global download rankings rose to fourth, with the total number of users now exceeding 20 million. This places Bitget Wallet at the forefront of the global wallet sphere.
Embrace user-centric innovation, focusing on new assets and opportunities
With the industry's recent shift towards a community-centric narrative, highlighted by the emergence of meme coins, Bitget Wallet has positioned itself as a pioneer in the discovery and trading of meme coins, attracting a base of dedicated users thanks to its superior functionality in this niche. .
This success can be attributed to Bitget Wallet's comprehensive infrastructure, which includes advanced market analysis tools, encompassing full-chain trend analysis, multi-dimensional market rankings and smart money insights, covering Top 100 blockchains. This, combined with innovations like gasless transactions and automatic slippage adjustments, has allowed users to discover and trade tokens more efficiently and ahead of time.
Additionally, Bitget Wallet's strategic focus on “new assets” and “new opportunities”, as highlighted by COO Alvin, reflects its commitment to leading the market in innovation. Whether it's supporting new blockchains, listing new tokens, introducing the Launchpad platform, or launching sign-up features, Bitget Wallet's initiatives are strategically aligned to unlock new assets and opportunities for its users. Helping users capitalize on these opportunities, thereby potentially maximizing their revenue in the Web3 world, remains the cornerstone of Bitget Wallet's growth strategy.
With the recent launch of its platform ecosystem token, BWB, Bitget Wallet highlights its commitment to fostering a vibrant ecosystem. BWB is poised to play a pivotal and pivotal role in the wallet ecosystem, with Bitget Wallet's future growth prospects closely tied to BWB, having achieved a major milestone of surpassing 20 million users.
About Bitget wallet
Bitget Wallet is Asia's largest and leading Web3 trading wallet, with over 20 million users worldwide. It offers a full range of features including asset management, intelligent market data, swaps trading, launchpad, registration and DApp navigation. Currently, it supports over 100 major blockchains, hundreds of EVM-enabled chains, and over 250,000 cryptocurrencies. Bitget Wallet enhances liquidity by aggregating it across hundreds of leading DEXs and cross-chain bridges, facilitating seamless trading across 40+ blockchains.
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