tl;dr
Bitget Wallet has achieved a significant milestone, doubling its user base to 30 million within less than a year and setting a new record for global app downloads in July 2024 with over 1.7 million downloads. The surge in growth is attributed to its advanced on-chain trading capabilities, particular...
Bitget Wallet has achieved a significant milestone, doubling its user base to 30 million within less than a year and setting a new record for global app downloads in July 2024 with over 1.7 million downloads. The surge in growth is attributed to its advanced on-chain trading capabilities, particularly for meme coins, as well as the traction gained by the TON ecosystem and the recently launched BWB token. Bitget Wallet saw substantial growth rates in Europe, North America, and Oceania, with notable user growth in specific countries. This growth aligns with the broader trend in the decentralized finance (DeFi) ecosystem, where Web3 application users reached a record high in Q2 2024. Despite this growth, the complexity of user experience (UX) and user interfaces (UI) in the Web3 space remains a challenge. To address this, Bitget Wallet has introduced features to enhance user experience, including integrating a Multi-Party Computation (MPC) wallet to simplify the wallet creation and management process. Bitget Wallet has achieved a remarkable milestone, doubling its user base to 30 million within less than a year. In July 2024, Bitget Wallet set a new record for global app downloads, surpassing even Metamask’s growth for that month. With over 1.7 million downloads, Bitget Wallet’s growth was 140% from the previous month. MEME COINS, TON ECOSYSTEM, AND BWB TOKEN: KEY DRIVERS FOR BITGET WALLET’S GROWTH Sponsored Sponsored This surge is largely fueled by the platform’s advanced on-chain trading capabilities, particularly for the meme coins. In 2024, Bitget Wallet became one of the top wallets in the meme coin ecosystem . It offers features such as smart money tracking on the Solana and Base chains, automatic slippage , zero gas fees , and an instant trade mode. TON ecosystem has also gained traction . It has become the most transacted network on Bitget Wallet, surpassing established public chains such as Polygon, Arbitrum , and BNB Chain. Read more: A Comprehensive Guide to Bitget Wallet (BitKeep) Bitget Wallet's User Growth. Bitget Wallet’s User Growth. Source: Courtesy of Bitget Wallet Sponsored Sponsored The recently launched BWB token has also significantly contributed to growth by serving various roles within the Bitget Wallet ecosystem. BWB is now central to community governance, staking, and gas fee payments across multiple chains. Moreover, its introduction has increased user engagement and broadened the platform’s reach, particularly in key markets such as Japan and Nigeria. The wallet saw the most significant growth rates in Europe, North America, and Oceania, with notable user growth in Russia, Italy, Sweden, and Australia. These countries experienced growth rates exceeding 40 times compared to the previous year. In France, the UK, Turkey, and Canada, user numbers have also surged by over 1,000%. Alvin Kan, COO of Bitget Wallet, highlighted that this global expansion showcases the platform’s ability to adapt to diverse markets and meet users’ growing demands worldwide. He stressed the company’s commitment to expanding its market presence and propelling the whole industry forward. Bitget Wallet’s growth aligns with a broader trend in the decentralized finance (DeFi ) ecosystem. According to DappRadar, Web3 application users reached a record high in Q2 2024, with daily unique active wallets (dUAW) hitting 10 million. Unique Active Wallet in Q2 2024. Unique Active Wallet in Q2 2024. Source: DappRadar This figure represents a 40% increase from Q1 and marks the highest number of active wallets to date. This surge in wallet usage across the DeFi space reflects a growing interest in decentralized applications (dApps) and the increasing adoption of Web3 technologies. MAKING WEB3 USER-FRIENDLY TO TACKLE COMPLEXITY Sponsored Sponsored Despite the significant growth, Kan acknowledged that one of the main challenges in the Web3 space is the complexity of user experience (UX) and user interfaces (UI). Web3 users are often required to navigate through multiple steps, sometimes involving complex blockchain jargon and processes. Kan believes such a complexity can be daunting. This is especially true for new users who are more accustomed to the seamless, intuitive interfaces of Web2 applications. > “We need to make sure that UI/UX is done like Web2. Web2 has really done it > very well. And that shouldn’t be an excuse for why we can’t do it in Web3. I > think this has to do with certain things, like better talent coming from Web2 > to Web3 to increase the products’ UIs,” Kan explained to BeInCrypto in an > interview. Read more: 16 Best Web3 Wallets In 202
More about TriMas Corporation
Company: TriMas Corporation
Overview: TriMas Corporation manufactures and supplies products for the consumer, aerospace, and industrial end markets globally. The company is headquartered in Bloomfield Hills, Michigan.
Industry: Manufacturing
Segment: Metal Forgings & Stampings
Market Cap: 965373000
Stock Price: $24.23
Price Change: $0.16
Percentage Change: 0.98%
Previous Close: $22.19
Price-Earnings Ratio (P/E): 0.0444
Shares Outstanding: 912500000
Dividend Yield: 40
EPS: $0.034
EBITDA: $0.031
More about Marathon Petroleum Corp
Marathon Petroleum Corp - Stock Analysis Summary
Marathon Petroleum Corporation is an American petroleum refining, marketing, and transportation company headquartered in Findlay, Ohio.
Industry: ENERGY & TRANSPORTATION
Sector: PETROLEUM REFINING
Market Cap: $58.85 billion
Current Ratio: 9.22
Quick Ratio: 3.3
Price to Earnings Ratio (P/E): 19.08
52-Week High: $402.63
Dividend Yield: 4.83%
Revenue: $148.77 billion
Stock Price: $196.67
Price Change: -0.186
Change %: 3.8%
More about Ubiquiti Networks Inc
Company: Ubiquiti Networks Inc
Description: Ubiquiti Inc. develops network technology for service providers, businesses and consumers. The company is headquartered in New York, New York.
Industry: MANUFACTURING, RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
Market Cap: 10528144000
Current Price: 30.13
PE Ratio: 2.4
EPS: 5.78
52-Week High: 31.63
52-Week Low: 0.183
Volume: 1912114000
RSI: 134
MACD: -0.227
Signal Line: 0.077