Victoria, Seychelles, March 20th, 2024, Chainwire
In a significant milestone for the industry, Bitget Wallet, the leading Web3 wallet in Asia, has announced that its global user base has exceeded the 20 million mark, establishing it as the fourth largest wallet worldwide. This achievement coincides with the launch of the platform’s token, BWB, alongside a captivating six-week BWB token airdrop campaign, attracting widespread attention within the global community.
Harnessing Product Innovation for Unprecedented User Growth
Since launching in May 2018, Bitget Wallet has dedicated itself to developing a robust Web3 infrastructure with the mission of providing every user equitable and unrestricted access to the Web3 universe. Through sharp market insight and relentless innovation in product development, Bitget Wallet has experienced an explosive increase in its user base, marking a significant achievement in its five-year journey.
Bitget Wallet’s strategic foresight during the 2020 DeFi Summer led to the early adoption of DEX quotations, significantly enhancing the user experience in asset discovery and trading onchain. This innovation garnered significant user interest. The subsequent rise of NFTs and the metaverse saw Bitget Wallet expanding its offerings with an NFT marketplace, further propelling its growth.
As decentralized trading gained mainstream acceptance, Bitget Wallet was at the forefront, integrating Swap trading functionality and establishing itself as the industry’s first to offer aggregated cross-chain DEX market data and facilitate gas-free cross-chain transactions. The continuous enhancement of its Swap product has been a crucial driver of Bitget Wallet’s user base expansion.
In 2022, Bitget Wallet achieved a remarkable 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 $30 million investment from Bitget Exchange, boosting its valuation to $300 million.
Post-investment, Bitget Wallet underwent comprehensive brand enhancement and optimization of its Swap services, introducing cutting-edge features like intelligent market data and Smart Money tracking. Its Swap trading volume consistently ranks in the top ten among all DeFi projects, rivaling and occasionally surpassing MetaMask, underscoring its competitive edge in the…