Technology

Bitget Wallet Hits 20M Users and Dominates the Global Web3 Scene

Bitget Wallet Surpasses 20 Million Users, Ranks as Fourth-Largest Web3 Wallet Globally

In a significant milestone for the blockchain industry, Bitget Wallet has achieved a landmark 20 million users worldwide, solidifying its position as the fourth-largest Web3 wallet globally. This achievement is a testament to Bitget Wallet’s unique offerings and strategic innovations that have set it apart in the competitive market.

Harnessing Innovation for Growth

Since its establishment in May 2018, Bitget Wallet has been a frontrunner in Web3 infrastructure development. The platform’s mission is to provide accessible and inclusive access to the Web3 universe for all users. Through continuous product development and market insights, Bitget Wallet has experienced exponential growth over the past five years.

One of Bitget Wallet’s strategic moves was its early adoption of DEX quotations during the 2020 DeFi summer, enhancing asset discovery and on-chain trading experiences for users. As interest in NFTs and the metaverse grew, Bitget Wallet expanded its offerings to include an NFT marketplace, further driving its growth in the market.

Bitget Wallet also led the way in decentralized trading by integrating Swap trading functionality and offering aggregated cross-chain DEX market data. These enhancements have been crucial in expanding Bitget Wallet’s user base and solidifying its position in the industry.

In 2022, Bitget Wallet secured a significant $15 million in a Series A funding round, with a valuation of $100 million, led by Dragonfly Capital. A strategic $30 million investment from Bitget Exchange further boosted its valuation to $300 million, highlighting the platform’s growth trajectory.

User-Centric Innovations and New Opportunities

As the industry trends towards community-centric narratives, Bitget Wallet has emerged as a leader in the discovery and trading of meme coins, attracting a dedicated user base with its advanced functionality in this niche. The platform’s comprehensive infrastructure includes market analysis tools, full-chain trend analysis, market rankings, and insights into smart money movements across various blockchains.

COO Alvin’s focus on “New Assets” and “New Opportunities” underscores Bitget Wallet’s commitment to market innovation. Whether through supporting new blockchains, listing new tokens, introducing the Launchpad platform, or unveiling inscription functions, Bitget Wallet is dedicated to unlocking new assets and opportunities for its users.

With the launch of its ecosystem token, BWB, Bitget Wallet aims to nurture a robust ecosystem, with BWB playing a central role in the platform’s future growth, especially after reaching the 20 million user milestone.

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