World Crypto Global
- Written by: Tareq Sikder
- Mon, 29 Jul 2024
- Israel
In the second quarter of 2024, Bitget Wallet experienced asignificant 34% increase in new user adoption in Japan. Data from data.aireveals that Bitget Wallet is now the second most downloaded Web3 wallet inJapan, just behind MetaMask.BWB Token Boosts AdoptionThe data focuses on mobile applications. Bitget Walletprovides more than just secure non-custodial asset management. It functions asa complete on-chain decentralized finance (DeFi) ecosystem. Features includetrading, market data analytics, a native launchpad, and a DApp browser. Withover 20 million global users, Bitget Wallet is a leading platform fordiscovering Web3 assets and opportunities.The introduction of Bitget Wallet's native token, BWB, inthe previous quarter has boosted its presence in Japan. The BWB token airdropinitiative contributed to this growth. CoinMarketCap data indicates that BWB isnow 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, 2024Wallets DeFi ExpansionBitget Wallets Swap function has also gained traction forits efficiency. The decentralized swap feature covers nearly 50 blockchains andaggregates liquidity from numerous DEXs and cross-chain bridges. This aims toprovide users with optimal trading experiences. Features such asgasless transactions, automatic slippage adjustments, and gasrebates address common user issues, enhancing the trading experience.Analysts from the Bitget Research Institute predict thatWeb3 wallets with integrated trading features and NFT support will capture alarger market share in Japan in the latter half of the year. The reporthighlights Japans role in cryptocurrency innovation, noting that approximately350,000 individuals in the region engage in daily on-chain transactions.Looking ahead, Bitget Wallet plans to focus on developingthe Bitget Onchain Layer. This segment aims to connect users to Web3 moreseamlessly while offering strong DeFi products. The Bitget Onchain Layer issupported by a $10 million BWB Ecosystem Fund, which supports promising Web3projects. The recent launch of Tomarket, the first project on this layer,focuses on new asset aggregation. Tomarkets Telegram Mini-App has gained over2 million users since its launch in June.This article was written by Tareq Sikder at www.financemagnates.com.
