Bitget Wallet overtakes MetaMask by downloads — CryptoRank

Bitget Wallet, a self-custodial cryptocurrency pockets owned by the Bitget alternate, has overtaken its largest competitor, MetaMask, by downloads final month.

Based on knowledge from the crypto analytics platform CryptoRank, the Bitget Wallet app amassed 1.6 million downloads in July 2024, beating MetaMask by 100,000 downloads.

Different high 10 wallets by the variety of downloads included Phantom Wallet with 667,000 downloads, Coinbase Wallet with 475,000 downloads and Animoca Manufacturers-backed SafePal with 157,000 downloads.

Bitget Wallet’s development got here from memecoin buying and selling, TON help and extra 

Bitget Wallet’s downloads have seen an enormous surge in 2024, leaping greater than 1,100% from simply 130,000 downloads in January, in line with Knowledge.ai data seen by Cointelegraph.

Alvin Kan, chief working officer of Bitget Wallet, linked the pockets’s fast development to the elevated onchain buying and selling, notably memecoins, which noticed massive transaction flows over the course of 2024.

Kan instructed Cointelegraph that Bitget Wallet additionally gained many customers from The Open Community (TON) ecosystem, because it was one of many first wallets to help the TON mainnet absolutely.

In July 2024, TON turned probably the most transacted community on Bitget Wallet, surpassing different chains resembling Polygon, Arbitrum and BNB Sensible Chain.

Amongst different development triggers, Kan mentioned the Bitget Wallet Token (BWB) launch in March 2024.

“Because the introduction of BWB, Bitget Wallet’s consumer base has expanded by over 50% to 30 million, pushed by elevated participation in governance, staking and ecosystem airdrops,” Kan acknowledged. 

Kan added that the launch of BWB has additionally contributed to increased buying and selling volumes and broader consumer interplay, notably in key markets resembling Japan and Nigeria.

Italy, Australia and Sweden are among the many fastest-growing nations on Bitget Wallet

Based on knowledge from Bitget Wallet, the app at the moment boasts customers from greater than 186 nations and areas and has been actively onboarding new customers throughout all continents.

Within the first half of 2024, Italy, Australia and Sweden had been the fastest-growing nations by app downloads, including 7,500%, 5,300% and 5,200% in downloads because the first half of 2023, respectively.

Different fast-growing nations utilizing Bitget Wallet embody the Philippines, Russia and Japan, which skilled 4,600%, 4,400% and a pair of,100% development over the identical interval, respectively.

“We emphasize the cellular expertise to push for mass adoption, as Web3 customers usually discover it inconvenient to make use of plugin wallets on computer systems,” Bitget Wallet’s Kan famous, including:

“We consider decentralized buying and selling will change into mainstream within the Web3 business, with funds being a key software for wallets.”

MetaMask is already downloaded for many Web3 customers, group suggests

Launched in 2018, Bitget Wallet was previously generally known as BitKeep. The Bitget alternate rebranded the wallet in August 2023 after buying a controlling stake for $30 million.

Reacting to the information, many social media customers expressed shock that Bitget Wallet managed to beat MetaMask in downloads, with some reporting that that they had by no means heard of it.

Alternatively, different customers suggested that almost all crypto customers have already downloaded MetaMask, so it’s no shock that different wallets like Bitget get extra downloads.

Some commenters additionally complained about points on MetaMask’s cellular app, in comparison with higher expertise with the browser extension.

Based on the data by Knowledge.ai, MetaMask’s downloads have surged 77% year-to-date, beginning 2024 at round 900,000 downloads per thirty days.

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