Bitget Wallet, a leading non-custodial Web3 wallet and decentralized ecosystem platform, has exceeded 12 million monthly active users (MAUs) and has become the most downloaded Web3 wallet in August 2024. The user growth aligns with the company’s broader mission to drive widespread adoption of blockchain technology. In line with this mission, Bitget Wallet has facilitated a seamless transition to Web3 for novice users by integrating with Web2 platforms like Telegram.
Bitget Wallet strives to make the typically complex Web3 experience effortless for users by streamlining the onboarding process and improving accessibility. Leveraging its Web2 integrations, Bitget Wallet has hit close to 2 million app downloads in August 2024 across App Store and Google Play, becoming the most downloaded Web3 wallet globally (see Figure 1). As Bitget Wallet continues to bridge the gap between Web2 and Web3, it is paving the way for onboarding the next billion users into the decentralized future.
Alvin Kan, COO at Bitget Wallet, commetend on the company’s fast-paced growth: “Leveraging Telegram’s vast user base has created a viral effect, attracting a global audience unfamiliar with crypto. With over 90% of tokens only available on decentralized exchanges (DEXs), we’re helping users tap into new opportunities. Our goal is to bring Web2 users into the world of Web3, making crypto easy to access, especially for those in regions where traditional finance is limited.”
Bitget Wallet is focusing on making Web3 more accessible to the wider public by eliminating native technical barriers. Bitget Wallet allows users to easily create and manage wallets with familiar Web2 logins like email, Apple, Google, or Telegram accounts, thanks to its MPC (Multi-Party Computation) keyless wallet technology. Since the launch of the MPC wallet supporting the TON network, interactions within the Telegram/TON ecosystem have become more streamlined, with over 40% of Bitget Wallet users now utilizing the TON MPC wallet. By providing Telegram-based wallet logins and creating Telegram trading bots, the shift from Web2 to Web3 has been simplified, resulting in a 2.7-fold increase in MPC wallet creation since it became available to Telegram users.
The popular T2E (Tap to Earn) games within the TON ecosystem have significantly driven user growth. Tomarket, a TON app backed by Bitget Wallet, gained over 20 million users in just two months, showcasing massive market potential. According to a recent report, users in the TON ecosystem favor mobile apps over browser extensions, unlike traditional Web3 users. This shift indicates a growing preference for Bitget Wallet, which has become the top choice for 68% of Telegram gaming users.
Bitget Wallet’s global expansion aims to offer financial solutions to underserved communities. By combining global reach with localized services, the wallet has overcome geographical and economic barriers, offering support in over 168 countries. Countries such as Japan, the Philippines, Thailand, India, Nigeria, Russia, Italy, Sweden, Australia, France, Portugal, the UK, Turkey, and Canada have seen 1000% user growth compared to last year, with many users accessing decentralized finance for the first time through Bitget Wallet. Bitget Wallet’s collaboration with over 50 TON ecosystem projects, such as Catizen, Tomarket, and Notcoin, has enhanced the Web3 user experience. Onchain data shows that Bitget Wallet contributes 17% of active addresses on the TON network.
Bitget Wallet has become a leader in the industry with its “platform-style” approach, combining multiple blockchain networks and supporting everything from crypto trading to NFTs and launchpads, all in one easy-to-use app. Its features, like keyless wallets and account abstraction, make it easier for beginners to start using Web3. Known for its success in meme coin trading, Bitget offers tools like automatic slippage, gas-free transactions, fast trading modes, and AI-powered Smart Money tracking to help users make smarter trades. The company also launched a $10 million BWB ecosystem fund to support new blockchain services and projects. This has made Bitget the go-to wallet for meme coin trading on networks like Solana and Base.
About Bitget Wallet
Bitget Wallet stands as one of the world’s leading non-custodial Web3 wallets and decentralized ecosystem platform. With the Bitget Onchain Layer, the wallet is well-poised to develop a burgeoning DeFi ecosystem through co-creation and strategic incubation. Aside from a powerful Swap function, Bitget Wallet also offers multi-chain asset management, smart money insights, a native Launchpad, Inscriptions Center, and an Earning Center. Supporting over 100 major blockchains, 250,000+ tokens, and a wide array of DApps, Bitget Wallet is your top wallet for asset discovery and Web3 exploration.
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Alnura Belyaloba
Director of PR, Input PR [email protected]
Maha Shah
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