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

The introduction of Bitget Wallet's native token, BWB, in the previous quarter has boosted its presence in Japan. The BWB token airdrop initiative contributed to this growth.

Bitget Wallet Surges in Japan with 34% New User Increase, Ranks 2nd Web3 Wallet

Bitget Wallet experienced a remarkable surge in Japan during Q2 2024, with a 34% increase in new users, according to data from data.ai. This performance propelled Bitget Wallet to become the second most downloaded Web3 wallet in the country, following closely behind MetaMask.

The data, which pertains to mobile applications, highlights the growing adoption of Bitget Wallet among Japanese users. As a comprehensive on-chain decentralized finance (DeFi) ecosystem, Bitget Wallet offers more than just secure non-custodial asset management. It boasts a wide range of features, including trading, market data analytics, a native launchpad, and a DApp browser, all seamlessly integrated within the wallet. With over 20 million global users, Bitget Wallet serves as a leading platform for discovering Web3 assets and opportunities.

The presence of Bitget Wallet's native token, BWB, in Japan also contributed to this growth. In the previous quarter, Bitget Wallet launched its native token, BWB, which played a role in boosting the wallet's presence in the region. Notably, the BWB token airdrop initiative also supported this growth.

According to CoinMarketCap data, BWB is currently among the top ten cryptocurrencies in Japan.

Bitget Wallet's Surging Adoption in Japan

This news comes as Bitget Wallet continues to solidify its position as the second largest Web3 wallet globally, trailing only behind MetaMask. The wallet's performance in Japan is a testament to the country's thriving Web3 ecosystem and the increasing demand for user-friendly and feature-rich Web3 wallets.

As Japan boasts one of the highest cryptocurrency adoption rates in the world, with approximately 350,000 individuals engaging in daily on-chain transactions, the country is set to play a pivotal role in driving Web3 innovation.

Analysts from the Bitget Research Institute anticipate that Web3 wallets with integrated trading features and NFT support will capture a larger market share in Japan during the latter half of the year.

Moreover, the institute's report highlights Japan's role in cryptocurrency innovation, noting that around 350,000 people in the region carry out daily on-chain transactions.

Bitget Wallet's Expansion in DeFi

Another factor contributing to Bitget Wallet's success in Japan is its Swap function, which boasts efficiency due to its decentralized nature. The swap feature covers nearly 50 blockchains and aggregates liquidity from numerous DEXs and cross-chain bridges to provide users with optimal trading experiences.

Furthermore, features like "gasless" transactions, automatic slippage adjustments, and gas rebates address common user issues, enhancing the trading experience.

Looking ahead, Bitget Wallet will focus on developing the Bitget Onchain Layer, which aims to connect users to Web3 more seamlessly and offer strong DeFi products.

This segment is supported by a $10 million BWB Ecosystem Fund, which supports promising Web3 projects. The recent launch of Tomarket, the first project on this layer, focuses on new asset aggregation. Tomarket’s Telegram Mini-App has gained over 2 million users since its launch in June.