Bitget Wallet Achieves Milestone Growth, Overtakes MetaMask in Downloads
Bitget Wallet, the non-custodial Web3 wallet associated with the Bitget crypto exchange, has reached a significant milestone by surpassing 30 million global users, reflecting a 150% year-over-year increase. According to an August 13 announcement from the exchange, Bitget Wallet saw remarkable growth in July 2024, with over 1.6 million downloads across Google and Apple app stores, outpacing MetaMask’s 1.5 million downloads during the same period.
Global Expansion and Surge in Popularity
Bitget Wallet’s rapid growth has been particularly pronounced in Asia, with downloads in Japan, the Philippines, and Thailand surging approximately 20 times compared to the previous year. Additionally, user growth in India, Vietnam, and Singapore exceeded 300%, showcasing the wallet’s expanding influence in these markets.
In Nigeria, Bitget Wallet has even outperformed major social media apps such as YouTube, Telegram, WhatsApp, and TikTok in local app store rankings. The wallet’s popularity has also risen significantly in other regions, including Russia, Italy, Sweden, and Australia.
Driving Factors: User Experience and Meme Coin Trading
Since reaching 20 million users in March 2024, Bitget Wallet has seen a 50% increase in its user base in just four months. This rapid adoption can be attributed to its user-friendly interface, strong security features, and broad support for a variety of cryptocurrencies, blockchain networks, and decentralized applications (DApps).
The wallet has become a preferred platform for meme coin traders, offering features such as smart money tracking on Solana (SOL) and Ethereum Layer-2 chain Base, automatic slippage adjustments, zero gas fees, and instant trading capabilities.
In July 2024, Bitget Wallet introduced a multi-party computation (MPC) wallet solution compatible with the TON mainnet, enabling users to perform token exchanges within the TON network and acquire TON tokens via various fiat on-ramps. This new feature contributed to a surge in transaction volume, with TON surpassing other established blockchains in usage during the month.
Commitment to Education and Industry Leadership
Founded in 2018, Bitget has actively promoted cryptocurrency adoption and education on a global scale. The exchange collaborates with the University of Zurich in Switzerland to support its prestigious “Deep Dive Into Blockchain” summer school program, hosted by the UZH Blockchain Center, which was established in 2019 and includes a team of 65 international researchers focused on blockchain innovation.
In 2023, Bitget committed $10 million over five years to its corporate social responsibility initiative, “Blockchain4Youth.” This program offers blockchain courses and certifications through Bitget Academy and hosts campus lectures in collaboration with universities worldwide.
Platform Performance and Market Impact
In July 2024, Bitget expanded its token offerings by listing 29 new assets, bringing the total to 872. The platform’s trading volume reached $204.3 billion, marking a 7.2% monthly increase. Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) led the top 10 cryptocurrencies by trading volume, followed closely by Solana and Pepecoin (PEPE).
Bitget Wallet’s rapid ascent in the Web3 space, coupled with its commitment to education and expanding token offerings, positions it as a leading player in the global cryptocurrency market.
Powered by Crypto Expert BD
Follow us on Twitter: https://x.com/CryptoExpert_BD
Join our Telegram channel: https://t.me/CryptoExpert_BD
