The Crypto Boom: Bitget Wallet’s Phenomenal Growth
Recent data analyses have revealed an extraordinary increase in on-chain activity within the Base mainnet, as reported by Bitget Wallet executives. Daily transactions have consistently surpassed the 1 million mark over the past month, with a peak of 3 million transactions in a single week. This surge was initially predicted on March 28 when daily transaction volumes exceeded 2 million.
Bitget Wallet’s Staggering Growth
Bitget Wallet, a leading Web3 wallet, has played a significant role in fueling this heightened activity. In a recent development, Bitget Wallet recorded daily transactions exceeding 200,000, accounting for over 10% of the total transaction activity on the Base chain. Alvin Kan, the COO of Bitget Wallet, highlighted three primary factors contributing to the recent uptick in the Base ecosystem.
- Dencun upgrade resulting in a 6x increase in high-quality developers
- Surge in total value locked (TVL) on Base from $477 million to $1.47 billion
- Meme Fever within the Base community and trading of popular meme coins
MOEW Coin Impact
The surge in activity on the Base chain can also be attributed to the impact of the meme coin MOEW introduced by Bitget Wallet. Launched on April 3, MOEW quickly gained traction by distributing a substantial amount of free tokens to BWB point holders. With nearly 100,000 addresses holding MOEW and a total transaction volume exceeding $120 million, the coin briefly claimed the top spot on the Base chain’s interaction leaderboard.
Future Prospects within the Base
As a vibrant on-chain ecosystem within Ethereum’s active Layer 2 solutions, Base boasts an engaged user base, broad developer support, and the backing of the Coinbase Foundation. These factors directly influence the quantity and caliber of projects that Base can attract. With these strengths, Kan believes that the Base chain is well-positioned to tackle regulatory and compliance challenges in the future.
Hot Take: Get on Board with Bitget Wallet and Ride the Crypto Wave 🌊
With Bitget Wallet’s impressive growth driving on-chain activity to new heights, now is the perfect time to immerse yourself in the fast-paced world of cryptocurrency. Stay ahead of the curve by exploring opportunities within the Base ecosystem, leveraging the momentum created by MOEW and other innovative developments. Embrace the future of finance and witness the transformative power of blockchain technology in action!
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