Bitget Wallet 2023 Keywords of the Year: Brand Upgrade and Web3 Transactions

2023 is a year full of variables, with Bitcoin spot ETF progress accelerating, Crypto payment adoption increasing, and crypto companies facing an increasingly stringent regulatory environment...

From BLUR and ARB igniting a year-long airdrop craze, to Bitcoin Inscription rewriting the new narrative of asset issuance, from Solana coming out of the bottom and continuously setting new highs during the year, to the Ethereum upgrade driving the popularity of the Layer 2 concept, we have witnessed the market gradually emerging from the deep bear .

The competition among exchanges is also changing. Many exchanges are optimistic that decentralized asset management and trading will become a future trend. They have launched Web3 wallet products one after another. The wallet track is growing day by day, and the dominance of CEX is beginning to tilt towards DEX.

During this change, we found that Bitget Wallet has updated the new standards of the current Web3 wallet: the earliest wallet with a full-chain perspective, a wallet that aggregates DEX prices, a wallet that enables seamless cross-chain transactions, a wallet that supports the NFT market... …

During this year, Bitget Wallet continued to improve its products, launch new features, establish Web3 wallet standards based on user needs and market trends, and actively cooperated with industry partners to establish a wallet ecosystem.

From BitKeep to Bitget Wallet, establishing a new direction for Web3 trading

In 2023, Bitget Wallet ushered in a major change. In March, it obtained an additional capital holding of US$30 million from the Bitget trading platform, and has since started the business integration of both parties; in August, it was officially upgraded from the BitKeep brand to Bitget Wallet. It also marks the beginning of a new direction - focusing on on-chain asset transactions.

Chief Operating Officer Alvin Kan shared his judgment on the future competitive landscape: We judge that many DApps in the future will have their own wallet functions instead of relying on external wallet connections. To highlight our own advantages, we choose to focus on transactions. Indeed, Web3 The traffic is naturally closely related to the transaction attributes, and the core value of the industry is also concentrated on asset issuance and trading. For current users, trading is one of the biggest needs.

With the goal of making the most useful trading wallet, Bitget Wallet maximizes the Swap function, supports nearly 30 public chains, aggregates the liquidity of hundreds of mainstream DEXs and cross-chain bridges, and achieves a level of performance comparable to that of centralized exchanges. experience.

This year, Bitget Swap has upgraded functions such as gas borrowing transactions and ETH gas stations, allowing users to realize multi-chain transactions Gas-free; it has also improved the market function, gathering full-chain trends, smart money and multi-dimensional market lists, allowing users to Investment opportunities can be captured earlier. In addition to market price flash swaps, this year BitgetSwap also introduced a limit order trading model and opened the Quick Buy service to global users.

Launched enterprise-level MPC wallet and established GetShield security system

In response to the common pain point in the industry of secure storage of mnemonic words/private keys, this year, Bitget Wallet released the MPC private keyless wallet, adopting the highest standard technical solution in the industry. This product function is also to lower the threshold for users to use wallets. Crypto and Web3 need to break out of the circle and require mass adoption. MPC wallets and AA wallets are positive attempts. Alvin added. Similarly, this year Bitget Wallet also implemented the AA smart contract wallet function on Starknet.

Bitget Wallet has also established the GetShield security system, which is applied to various functions and services of the product to ensure the security of every transaction or interaction scenario. This includes targeting on-chain phishing and fraud issues. The GetShield security system covers risk token detection, contract detection, authorization detection, fraudulent address identification, anti-phishing mechanisms, DApp security ratings, etc., for multi-faceted prevention. At the same time, for wallet security, not only has MPC wallet and AA wallet technology been introduced, Bitget Wallet also supports hardware wallet connections; it has completed the audit of core codes such as Swap and NFT market protocols; and integrated Flashbots in transactions to prevent malicious MEV attacks.

With the upgrade from BitKeep to Bitget Wallet, relying on the security system and fund protection measures built by Bitget, Bitget Wallet has shared a US$300 million risk protection fund and strengthened its ability to resist risks.

Create a multi-chain ecological entrance, Task 2 Get becomes an essential tool for airdrop interaction

With the open and shared DNA of Web3, Bitget Wallet continues to expand its ecosystem and has access to more than 90 popular public chains. It not only builds a bridge between users and popular assets and public chain ecology, but also plays a one-stop role in the Web3 world. The function of the portal is to provide a full range of services such as token management and trading, real-time market conditions, NFT market, and DApp interaction.

Since this year, more and more project parties and developers have established connections with Bitget Wallet, supported wallet access, and jointly organized various ecological interactive activities. The wallet entrance of Bitget Wallet has begun to appear widely on the official websites of leading projects in various fields such as DEX, cross-chain bridges, DeFi, and the Metaverse.

Airdrops have been widely recognized by the industry as an opportunity to make wealth. Nowadays, airdrops are no longer limited to computers. Task 2 Get, the Web3 exploration incentive platform launched by Bitget Wallet, is becoming a must-have mobile airdrop tool for users. At the same time, airdrop incentive activities organized in conjunction with popular mainnets and projects have also been aggregated and displayed on Task 2 Get.

Ranked among the top four in global growth, serving over 10 million users

This year, the number of Bitget Wallet users worldwide exceeded 12 million, and the user base ranked seventh in the wallet field. Especially in the fourth quarter, the number of downloads and installations ranked fourth in the world, and user usage and recognition continued to increase.

Looking forward to 2024, Alvin Kan also shared his views, “New assets and new narratives represent new opportunities. We will seize the opportunities brought by each round of new assets and narratives, continue to enhance product capabilities, and provide richer chains. On-chain assets and more powerful on-chain transaction services help users explore and develop the Web3 world.

In a rapidly changing industry, Bitget Wallet always adheres to its original intention, builds good infrastructure, serves the real needs of users, actively responds to each new wave of impact and model changes, and creates real value for the industry while adjusting itself.