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Driving Mass Adoption Through Web2 Integration

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Release: 2024-09-12 15:05:12
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Alvin Kan, COO at Bitget Wallet, highlighted that the company's impressive growth this year stems largely from deep integration with Web2 platforms

Driving Mass Adoption Through Web2 Integration

Bitget Wallet, a renowned non-custodial Web3 wallet and decentralized ecosystem platform, has experienced remarkable growth this year, largely driven by its deep integration with Web2 platforms, especially Telegram.

According to Alvin Kan, COO at Bitget Wallet, the company's strategy focuses on eliminating technical barriers in onboarding users from Web2 to Web3, making Web3 services more accessible with a simplified process.

Bitget Wallet utilizes MPC (Multi-Party Computation) keyless wallet technology, enabling users to easily create and manage wallets with familiar Web2 logins like email, Apple, Google, or Telegram accounts.

Since introducing MPC wallet supporting the TON network, interactions with the Telegram/TON ecosystem have become more convenient. Over 40% of Bitget Wallet users now use the TON MPC wallet. By offering Telegram-based wallet logins and developing Telegram trading bots, the transition from Web2 to Web3 has been streamlined, with MPC wallet creation increasing by 2.7 times since opening to Telegram users.

The popular T2E (Tap to Earn) games within the TON ecosystem have further boosted user growth. Tomarket, a TON app invested by Bitget Wallet, gained over 20 million users in just two months, highlighting the massive market potential.

According to a recent report, TON ecosystem users prefer mobile apps, as opposed to traditional Web3 users who prefer browser extensions. This trend also shows that users now prefer Bitget Wallet over others, making it the top wallet of choice, used by 68% of Telegram game users

Bitget Wallet's global expansion aims to offer financial solutions to underserved communities. By combining global reach with localized services, the wallet has overcome geographical and economic barriers, offering support in over 168 countries.

Countries such as Japan, the Philippines, Thailand, India, Nigeria, Russia, Italy, Sweden, Australia, France, Portugal, the UK, Turkey, and Canada have seen user growth by 1000% compared to last year, with many users accessing decentralized finance for the first time through Bitget Wallet

Bitget Wallet’s collaboration with over 50 TON ecosystem projects, such as Catizen, Tomarket, and Notcoin, has enhanced the Web3 user experience. Onchain data shows that Bitget Wallet contributes 17% of active addresses on the TON network

Bitget Wallet has become a leader in the industry with its "platform-style" approach, combining multiple blockchain networks and supporting everything from crypto trading to NFTs and Launchpads, all in one easy-to-use app. Its features, like keyless wallets and account abstraction, make it easier for beginners to start using Web3

Known for its success in meme coin trading, Bitget offers tools like automatic slippage, gas-free transactions, fast trading modes, and AI-powered Smart Money tracking to help users make smarter trades. The company also launched a $10 million BWB ecosystem fund to support new blockchain services and projects. This has made Bitget the go-to wallet for meme coin trading on networks like Solana and Base

"With over 90% of tokens only available on decentralized exchanges (DEXs), we’re helping users tap into new opportunities," said Alvin. "Our goal is to bring Web2 users into the world of Web3, making crypto easy to access, especially for those in regions where traditional finance is limited

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