(PRESS RELEASE – Victoria, Seychelles, March 20, 2024)
In an important milestone for the industry, Bitget Wallet, Asia's leading Web3 wallet, has announced that its global user base has surpassed the 20 million mark, establishing it as the fourth largest wallet in the world. This achievement coincides with the launch of the platform's token, BWB, along with a captivating six-week long BWB token airdrop campaign, which attracted widespread attention within the global community.
Leverage 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 equal and unrestricted access to the Web3 universe. Through deep market insight and relentless innovation in product development, Bitget Wallet has seen an explosive increase in its user base, marking a significant achievement in its five-year journey.
Bitget Wallet's strategic foresight during the DeFi summer of 2020 led to early adoption of DEX listings, significantly improving the user experience in asset discovery and on-chain trading. This innovation aroused great interest among users. The subsequent rise of NFTs and the metaverse caused Bitget Wallet to expand its offering with an nft marketplace, further fueling its growth. As decentralized trading gained widespread acceptance, 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 gasless cross-chain transactions. Continuous improvement of its Swap product has been a crucial driver of the expansion of Bitget Wallet's user base.
In 2022, Bitget Wallet achieved a notable milestone by completing a $15 million Series A funding round at a $100 million valuation, led by Dragonfly Capital. This was followed by a strategic investment of $30 million by Bitget Exchange, raising its valuation to $300 million.
Following the investment, Bitget Wallet underwent a comprehensive rebranding and optimization of its Swap services, introducing cutting-edge features such as smart market data and Smart Money tracking. Its Swap trading volume consistently ranks in the top ten among all DeFi projects, rivaling and sometimes surpassing MetaMask, underscoring its competitive advantage in the market.
Beyond perfecting its Swap transactions, Bitget Wallet has expanded its ecosystem with the introduction of Launchpad and a profit center, making it easier for users to discover new assets and opportunities. Today, Bitget Wallet transcends the traditional wallet paradigm and evolves into a comprehensive decentralized ecosystem platform encompassing DEX, smart market data, Launchpad, enrollment platforms, nft marketplace, and a Web3 task incentive platform.
As of 2022, Bitget Wallet's diverse user base spanned 168 countries and regions, including Asia, Europe, and North America, with a total of 15 million users. By the fourth quarter of 2023, its global download ranking rose to fourth place, and the total user count now exceeds 20 million. This puts Bitget Wallet at the forefront of the global wallet sphere.
Embrace user-centric innovation and focus on new assets and opportunities
With the industry's recent shift toward a community-focused 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 dedicated user base 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, covering full-chain trend analysis, multi-dimensional market rankings, and smart money insights, covering 100 mainstream blockchains. This, combined with innovations such as gasless transactions and automatic swipe adjustments, has allowed users to discover and exchange tokens more efficiently and on the cutting edge.
Additionally, Bitget Wallet's strategic focus on “New Assets” and “New Opportunities”, as emphasized by COO Alvin, reflects its commitment to leading the market in innovation. Whether through supporting new blockchains, listing new tokens, introducing the Launchpad platform, or launching enrollment features, Bitget Wallet's initiatives are strategically aligned with unlocking new assets and opportunities for its users. . Making it easy for users to capitalize on these opportunities, thereby potentially maximizing their profits 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 underlines its commitment to fostering a vibrant ecosystem. BWB is set to play a central and pivotal role in the wallet ecosystem, with Bitget Wallet's future growth prospects closely linked to BWB, following the important milestone of surpassing 20 million users.
About Bitget Wallet
Bitget Wallet is Asia's largest and globally leading Web3 merchant wallet with over 20 million users worldwide. It offers a wide range of features, including asset management, smart market data, swap trading, launch pad, DApp enrollment and navigation. Currently, it supports over 100 major blockchains, hundreds of EVM-compatible chains, and over 250,000 cryptocurrencies. Bitget Wallet improves liquidity by aggregating it across hundreds of major DEXs and cross-chain bridges, facilitating seamless trading across 40+ blockchains.
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