In the second quarter of 2024, Bitget Wallet experienced a significant 34% increase in new user adoption in Japan. Data from data.ai reveals that Bitget Wallet is now the second most downloaded Web3 wallet in Japan, just behind MetaMask.
BWB Token Boosts Adoption
The data focuses on mobile applications. Bitget Wallet provides more than just secure non-custodial asset management. It functions as a complete on-chain decentralized finance (DeFi) ecosystem.
Features include trading, market data analytics, a native launchpad, and a DApp browser. With over 20 million global users, Bitget Wallet is a leading platform for discovering Web3 assets and opportunities.
The introduction of Bitget Wallet's native token, BWB, in the previous quarter has boosted its presence in Japan. The BWB token airdrop initiative contributed to this growth. CoinMarketCap data indicates that BWB is now among the top ten cryptocurrencies in Japan.
Bitget Wallet experiences a significant 34% increase in new users in Japan, solidifying its position as the second largest Web3 wallet globally, trailing only behind MetaMask.
— Markets News (@MarketsDotNews) July 29, 2024
Wallet’s DeFi Expansion
Bitget Wallet’s Swap function has also gained traction for its efficiency. The decentralized swap feature covers nearly 50 blockchains and aggregates liquidity from numerous DEXs and cross-chain bridges.
This aims to provide users with optimal trading experiences. Features such as “gasless” transactions, automatic slippage adjustments, and gas rebates address common user issues, enhancing the trading experience.
Analysts from the Bitget Research Institute predict that Web3 wallets with integrated trading features and NFT support will capture a larger market share in Japan in the latter half of the year. The report highlights Japan’s role in cryptocurrency innovation, noting that approximately 350,000 individuals in the region engage in daily on-chain transactions.
Looking ahead, Bitget Wallet plans to focus on developing the Bitget Onchain Layer. This segment aims to connect users to Web3 more seamlessly while offering strong DeFi products.
The Bitget Onchain Layer is supported by a $10 million BWB Ecosystem Fund, which supports promising Web3 projects. The recent launch of Tomarket, the first project on this layer, focuses on new asset aggregation. Tomarket’s Telegram Mini-App has gained over 2 million users since its launch in June.
This article was written by Tareq Sikder at www.financemagnates.com.
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