In the second quarter of 2024, Bitget Wallet experienced a significant 34% increase in new user adoption in Japan. Data from data.ai reveals that Bitget Wallet is now the second most downloaded Web3 wallet in Japan, just behind MetaMask.

BWB Token Boosts Adoption

The data focuses on mobile applications. Bitget Wallet provides more than just secure non-custodial asset management. It functions as a complete on-chain decentralized finance (DeFi) ecosystem.

Features include trading, market data analytics, a native launchpad, and a DApp browser. With over 20 million global users, Bitget Wallet is a leading platform for discovering Web3 assets and opportunities.

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. CoinMarketCap data indicates that BWB is now among the top ten cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term in Japan.

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.

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Wallet’s DeFi Expansion

Bitget Wallet’s Swap function has also gained traction for its efficiency. The decentralized swap feature covers nearly 50 blockchains and aggregates liquidity from numerous DEXs and cross-chain bridges.

This aims to provide users with optimal trading experiences. Features such as “gasless” transactions, automatic slippage Slippage In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price In financial trading, slippage refers to the difference in price between the price an order was intended or expected to be filled and the actual price an order was filled. Slippage is a very contentious issue among retail traders, which can lead to issues. Many traders view levels of slippage at brokers as a key determinant for their business. For example, in forex trading, if a trader places a trade intending to enter a buy on the EUR/USD at 1.1080, but they only get into the market at a price Read this Term adjustments, and gas rebates address common user issues, enhancing the trading experience.

Analysts from the Bitget Research Institute predict that Web3 wallets with integrated trading features and NFT support will capture a larger market share in Japan in the latter half of the year. The report highlights Japan’s role in cryptocurrency innovation, noting that approximately 350,000 individuals in the region engage in daily on-chain transactions.

Looking ahead, Bitget Wallet plans to focus on developing the Bitget Onchain Layer. This segment aims to connect users to Web3 more seamlessly while offering strong DeFi products.

The Bitget Onchain Layer 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.