Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

Bitget Wallet surpasses MetaMask in number of downloads in July

3 min read

Bitget Wallet, a non-custodial Web3 wallet from cryptocurrency exchange Bitget, has reached over 30 million users globally, marking a 150% year-over-year growth, the exchange announced on August 13.

Bitget Wallet surpasses MetaMask in number of downloads in July

According to CryptoRank, Bitget Wallet garnered over 1.6 million downloads across the Google and Apple app stores in July 2024, surpassing MetaMask’s 1.5 million downloads in the same period.

Bitget’s global expansion

In Asia in particular, Bitget Wallet has seen “extraordinary growth.” Downloads in Japan, the Philippines, and Thailand have increased by approximately 20 times compared to the same period last year. In addition, user growth rates in India, Vietnam, and Singapore have exceeded 300%.

The wallet has also become quite popular in Nigeria, surpassing established social apps like YouTube, Telegram, WhatsApp and TikTok in local app store rankings.

According to Bitget’s press release, the platform has also gained significant traction in countries such as Russia, Italy, Sweden, and Australia.

Bitget Wallet surpasses MetaMask in number of downloads in July

Focus on user experience and meme coin trading

Since surpassing 20 million users in March 2024, Bitget Wallet has seen a 50% increase in users in just four months.

This surge in popularity can be attributed to the platform’s user-friendly interface, robust security features, and wide range of available cryptocurrencies, blockchain networks, and decentralized applications (dApps).

Additionally, Bitget Wallet offers several features for meme coin trading, such as smart money tracking on Solana (SOL) and Ethereum’s layer-two chain, Base, automatic slippage adjustments , zero gas fees, and instant trading, making Bitget Wallet a go-to platform for meme coin traders.

In July 2024, Bitget Wallet launched a multi -party computation (MPC) wallet solution compatible with the TON mainnet. As a result, users were allowed to perform token swaps within the TON network and acquire TON tokens via various fiat currencies.

This support has also led to significant transaction volume on the platform, with TON usage surpassing more established blockchains in July.

Educational initiatives

Founded in 2018, Bitget has been promoting cryptocurrency adoption and education globally. The exchange collaborates with the University of Zurich in Switzerland to support the university’s renowned “Deep Dive Into Blockchain” summer program.

The UZH Blockchain Center, established in 2019, houses a team of 65 international researchers dedicated to blockchain innovation.

In 2023, Bitget allocated $10 million over five years to its corporate social responsibility project “Blockchain4Youth,” which offers blockchain courses and certifications through Bitget Academy and holds lectures in partnership with universities around the world.

Bitget’s commitment to education is complemented by the strong performance of its platform. In July, the cryptocurrency exchange expanded its token offerings, listing 29 new assets, bringing the total to 872.

Finally, the platform’s trading volume soared to 204.3 billion USD, marking a 7.2% monthly increase. Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) dominated the top 10 cryptocurrencies by trading volume, followed by Solana and Pepecoin (PEPE).

 

All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.