VICTORIA, Seychelles, July 29,
2024 /PRNewswire/ -- Bitget Wallet demonstrated robust
growth in the Japanese market in Q2 of 2024, with a notable 34%
increase in new user adoption within the region. According to data
provided by data.ai, Bitget Wallet ranks second in Japan's Web3 wallet market for downloads in
the first half of this year, closely trailing MetaMask.
* Data is primarily focused on mobile phone applications.
Beyond just providing secure non-custodial asset management
services, Bitget Wallet also operates as a comprehensive on-chain
decentralized finance (DeFi) ecosystem, integrating advanced
features such as trading, intelligent market data analytics, a
native launchpad, and a DApp browser. With a global user base of
over 20 million, this platform stands as the premier DeFi platform
of choice for discovering top Web3 assets and opportunities.
The recent introduction of its native token BWB in the previous
quarter saw Bitget Wallet garner significant traction in
Japan, particularly through the
BWB token airdrop initiative, further driving user growth in the
market. According to data from CoinMarketCap, BWB was ranked among
the top ten most popular cryptocurrencies in Japan, solidifying the brand's growing
popularity.
Additionally, Bitget Wallet's robust Swap function has gained
popularity among users for its efficiency and innovation.
Bitget Swap, the wallet's decentralized swap feature, spans
nearly 50 blockchains and aggregates liquidity across hundreds of
DEXs and cross-chain bridges, aimed at providing users with the
best trading experience possible. What truly sets Bitget Wallet
apart from the competition, however, is its keen attention to
common user painpoints throughout the entire user journey, offering
targeted and niche features to facilitate a seamless trading
experience within the wallet. "Gasless" transactions, automatic
slippage adjustments, and even gas rebates are just some examples
of the steps Bitget Wallet has taken to ensure that users are able
to execute their trades hassle-free. The wallet also positions
itself as the ideal repository for asset discovery, providing users
with access to multi-dimensional market data and smart money
analytics to place its users one step ahead of the curve.
According to analysts from the Bitget Research Institute, Web3
wallets with native trading features and NFT support are
well-poised to capture an increasing market share in Japan in the second half of this year. In the
same analysis report, the institute also underscored Japan's pivotal role in cryptocurrency
innovation, with approximately 350,000 individuals in the region
engaging in daily on-chain transactions.
"With the launch of BWB and a constant stream in innovative
product features, we [Bitget Wallet] believe that the Japanese
market will continue to acknowledge the utility and significance of
our platform," Alvin Kan, COO of
Bitget Wallet mentioned in a recent interview. "From our end, we
will remain committed to driving industry innovation, delivering
cutting-edge digital asset management solutions to our users."
Moving forward, the future plans of Bitget Wallet will revolve
predominantly around the development of the Bitget Onchain Layer,
an intermediary segment that aims to better connect users to Web3
with unparalleled ease - all the while offering strong and
compelling DeFi products for users to experience. Bolstered by a
$10 million BWB Ecosystem Fund that
is dedicated to incubating and accelerating promising Web3
projects, the Bitget Onchain Layer recently unveiled the launch of
Tomarket: the first project building on the Bitget Onchain Layer.
Tomarket specializes in new asset aggregation, featuring a Telegram
Mini-App that has attracted over 2 million new users since its
launch in June.
As the Web3 wallet market continues to evolve, Bitget Wallet
aims to expand its influence in Japan and other global regions, cementing its
position as a leader in decentralized finance solutions.
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