Bitget Wallet Became the Second Most Downloaded Application

Web3 wallet Bitget Wallet reached nearly 6 million downloads in September, making it the second most downloaded crypto app worldwide, behind Binance. Bitget Wallet also surpassed 40 million users worldwide, an increase of over 100 percent since March 2024.

Key Factors Behind Growth

A few important factors stand out as driving the growth of Bitget Wallet. The intuitive user interface and robust product features make decentralized finance accessible, especially for first-time crypto users. All of Web3 is seamlessly integrated into a single application, including wallet, asset management, swaps, launchpads, crypto transactions, staking, and a DApp explorer.

A key aspect of its growth this year has been its integration with the TON ecosystem and Telegram, which makes it easier for users to access wallet services directly on the popular messaging platform Telegram, connecting Web2 users to Web3. In Q3 alone, wallet TON saw a 4,886 percent growth in on-chain addresses. Notably, Bitget Wallet experienced its strongest user growth in Q3, a staggering 413 percent in Africa, while it recorded a 126 percent increase in South Asia and a 105 percent increase in the Middle East.

Decentralized wallets are emerging as key gateways to Web3, increasingly competing with centralized exchanges in terms of user base and functionality. More wallets are now working directly with Web2 platforms such as payment solutions and social messaging applications to increase the availability of tokens directly in their non-custodial wallets.

Integration of All Web3 Services in a Single Application

It is among the largest decentralized marketplaces, supporting 100+ blockchains, 20,000+ DApps, and millions of tokens on-chain.

In the 3rd quarter, swap activity on Bitget Wallet increased by 125 percent, DApp activity increased by 128 percent, and token transfers increased by 175 percent, reflecting the growing adoption of decentralized financial services. Focusing on security, Bitget Wallet provides a secure and user-friendly experience by including features such as a keyless MPC wallet, on-chain fund tracking and a $300 million user protection fund.

Bitget Wallet COO Alvin Kan said: “Exceeding 40 million users is an important demonstration of our vision of making crypto accessible to everyone, everywhere. Bitget Wallet was downloaded approximately 6 million times in a month. It has approached leading exchanges in a sign that decentralized wallets are catching up with centralized platforms. We are excited to lead this change. Our mission is to provide a secure and user-friendly gateway to Web3 for the next billion users. The future of Web3 will depend on how effectively we bridge the gap between Web2 and Web3. By integrating with platforms like Telegram, we simplify the use of crypto for mainstream users and create tools that enable seamless interaction with decentralized platforms. Decentralized wallets will evolve to serve as one of the primary entry points for billions of new users discovering Web3 for the first time.”