Bitget Wallet Surpasses 40 Million Users, Becoming the Second Most Downloaded Crypto App Globally After Binance

Bitget Wallet's growth is largely contributed by its deep integration with the TON ecosystem, offering seamless access to decentralized apps and services through Telegram.

Cryptocurrency wallet provider Bitget announced on Wednesday that its Web3 non-custodial wallet has now surpassed 40 million users, reflecting a 100% growth in just six months.

According to a press release shared with CoinDesk, the wallet has become the second most downloaded crypto app globally after Binance. The surge in users is said to be closely tied to the rapid expansion of the TON ecosystem and rising DEX trading activity.

Highlighting the role of Telegram in the growth, the press release stated that Bitget Wallet has offered users seamless access to decentralized apps (DApps) and services through the messaging platform. This year, the wallet reportedly integrated with over 40 TON projects and saw a 4,886% increase in TON addresses in Q3 2024.

Overall, on-chain activity surged with token swaps up 125% and token transfers rising 175%, reflecting growing user demand for decentralized solutions. Bitget Wallet's features, including asset management, swaps and staking, make it a key entry point for new Web3 users, including those onboarding through Telegram.

The explosive growth of Bitget Wallet is also said to be linked to the rising popularity of DEX trading, as more users seek decentralized solutions to manage their digital assets.

According to DeFiLlama, DEX trading has hit an all-time high of over 20% of the total spot trading volume. As more users turn to decentralized exchanges, Bitget Wallet's user-friendly interface and comprehensive product offerings have enabled first-time crypto users to easily engage with DeFi.

A standout feature driving this growth is Bitget Wallet's advanced Swap function, which aggregates liquidity from over 100 DEXs, enabling fast and cost-effective token exchanges. In Q3 2024, the wallet saw a 125% increase in Swap activity, underscoring its crucial role in facilitating seamless trading experiences for users.

This signals a broader trend in the industry, where decentralized wallets are competing with centralized exchanges and becoming critical gateways to Web3 trading.

The press release also highlighted the growth of meme coins, which has attracted both new users and seasoned investors. Solana and TON ecosystems have demonstrated significant wealth effects, bringing liquidity and innovation to decentralized exchanges, while meme coins have boosted transaction demand and user engagement. This surge has increased on-chain activity and positioned Bitget Wallet as a hub for decentralized trading.

Since its inception in 2018, Bitget Wallet has established itself as a comprehensive Web3 hub. Supporting over 100 blockchains, 20,000+ DApps and 500,000+ tokens, it stands out in the decentralized marketplace. The wallet's Swap feature not only enables efficient token exchanges but also enhances the overall user experience by providing access to real-time market insights and trading tools.

Alvin Kan, COO of Bitget Wallet, commented, "Surpassing 40 million users is a clear indication that we're meeting the demand for accessible crypto solutions in a rapidly evolving market. Our Swap feature has become a vital tool for users looking to trade seamlessly and efficiently. We're excited to be at the forefront of this decentralized finance revolution.”