Bitget Wallet Hits 12M Monthly Active Users, Fuels Crypto Adoption through Web2 Connectivity

Bitget Wallet, a non-custodial Web3 wallet and decentralized platform, announced that it has surpassed 12 million active users monthly and is recognized as the most popular Web3 wallet as of August 2024.

"Utilizing Telegram's immense user network has sparked a viral wave, drawing in a diverse audience that may be new to crypto,\" noted Alvin Kan, COO of Bitget Wallet, in an official statement. \"With more than 90% of tokens exclusively accessible via decentralized exchanges (DEXs), we’re helping users uncover new possibilities. Our aim is to transition Web2 users into the Web3 landscape, making cryptocurrency accessible—especially in areas where traditional banking options are scarce,\" he elaborated.

The increase in its user base aligns perfectly with the company’s overall mission to promote the widespread embrace of blockchain technology. To facilitate this transition, Bitget Wallet has strategically integrated with popular Web2 platforms like Telegram.

By refining the onboarding experience and boosting accessibility, Bitget Wallet aims to demystify the often intricate world of Web3 for its users. Its partnerships with Web2 platforms have resulted in nearly 2 million app downloads in August alone, making it the top Web3 wallet globally.

Additionally, with the launch of the Multi-Party Computation (MPC) wallet for The Open Network (TON), user interactions within the TON ecosystem have become significantly more effective. Currently, over 40% of Bitget Wallet users have adopted the TON MPC wallet. By offering logins via Telegram and creating trading bots for the platform, Bitget Wallet has simplified the leap from Web2 to Web3, resulting in a staggering 2.7 times increase in the creation of MPC wallets among Telegram users after its initiation. Telegram Ecosystem growth within TON has distinctly contributed to the rise in users. Tomarket, an application supporting the TON ecosystem and backed by Bitget Wallet, has seen its user base soar past 20 million in just a couple of months, underscoring the market's immense potential.

Additionally, the widely-used tap-to-earn games Bitget Wallet Broadens Its International Influence and Enhances User Engagement with Web3

Functioning as a multi-chain decentralized wallet, this project offers access to over 90 leading blockchains. Serving as a critical DEX aggregator, it enables users to discover the best prices across different DEXs. Additionally, this cryptocurrency wallet allows users to explore a wide array of premium digital assets and cryptocurrencies.

The global outreach of Bitget Wallet focuses on providing innovative financial solutions to communities that typically lack access. By combining worldwide support with localized services, it has successfully tackled geographical and economic challenges, now extending its services to users in more than 168 countries. Several regions have reported a staggering 1000% increase in user numbers compared to last year, with countless individuals experiencing decentralized finance for the first time through Bitget Wallet.

Importantly, partnerships with over 50 projects including , Tomarket, and Notcoin have enriched the Web3 user experience. Onchain data indicates that Bitget Wallet represents 17% of the active addresses in the TON network.

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