It appears that @TrustWallet not only feels good but demonstrates terrific leadership.
The revenue from swaps has reached an all-time high (ATH) and has already surpassed that of MetaMask. This is particularly noteworthy given their disproportionate spending on maintaining a startup's pre-IPO phase.
https://t.co/tGilGm81wt
When considering additional revenues and unaccounted providers like SWFT Bridgers, we could be nearing $20M in fees per month.
If we factor in the potential integration of @Hyperliquidx, we could see annual revenue reaching $1BL in the long run, with minimal spending on the team.
Outsiders in this space have faded away. Bitget and OKX Wallet are engaging in wash trading on swaps, artificially inflating their statistics (THORSwap etc.).
The real competition in the Wallet space is now centered around:
- Trust Wallet MULTI Chain
VS
- Coinbase Wallet BASE Chain
These two share between 50% and 70% of the future on-chain market as top-tier infrastructure providers, essentially acting as on-chain keepers.
The swap infrastructure surrounding them is improving significantly. Providers are competing to offer the best bridging mechanisms and exchange paths.
For instance, @RangoExchange could potentially increase its performance tenfold in the next six months. This enhancement (and any similar) is partially designed to ultimately strengthen the position of $TWT holders.
*BTW* while they're receiving additional income from the TRUST Launchpool.
@TrustWallet clearly holds unambiguous leadership for Web3 smart money.
Open sources reveal @TrustWallet intro of swap fees, akin to MetaMask. Their crosschain affiliate fees alone (0.7%, undercutting MetaMask) raked in a cool $120K in a day – projecting a whopping $44M annually.
Thanks @THORChain for the data.
The crucial point here is that the total revenue could effortlessly surge to somewhere between $200M and $500M:
1. Dominant swaps via platforms like 1inch.
2. An impressive influx of 2.5M new users every month – outpacing rivals, including #MetaMask.
3. Integration of WaaS & merchant services, coupled with ambitious expansion plans, is a key focus. Notably, the surge in South Asia, alongside potential WaaS collaborations, follows the lead of their flagship client #Binance, setting a precedent that could attract a staggering 20-200M users.
4. Marketing? Only the free kind. And with a lean, 100-strong team, they’re slicing costs to the bone.
Where's this heading?
If #TrustWallet nails its strategy, we're looking at a potential Web3 titan. They're setting up to be the most profitable player in the game, the kingpin of gateways.
Market wise? TRUST could hit a $10 billion valuation within a year, without breaking a sweat. As Web3 penetration deepens and with the advent of new account abstraction tech, while holding their market share, a leap to $50B isn't fantasy—it's strategy.
So, is this a clarion call for #TWT to stride into the top 10 CMC? The market's movers will be the final judges.
Claim your FREE Mystery Box NFT to celebrate our new launch! 🎁 #TrustWallet#FreedomFoundations
Trust, Freedom, Ownership; which one will you get?
Entry:
💙 Like & RT
💚 Follow @TrustWallet
💙 DL Trust: https://t.co/Jq6HOBOoA3
👇 Claim with Trust
https://t.co/hEppLcbFF5
Introducing #TrustWallet's biggest update yet; our reimagined brand, revamped app & #TrustWalletExtension💙💚
We’ve evolved into more than just a wallet. Explore our new #Web3 gateway & control your own financial freedom. #FreedomFoundations
Get ready⤵️
https://t.co/qawtvtsfIm
🚀 AMA “Security: More Than Wallet” with @ax1vc with 3,000 $TWT up for grabs! (RU below)
🎁 Claim a special #TrustWallet#NFT! 25 participants will share 2,500 $TWT
Rules:
💙 Follow @trustwallet_ru & @ax1vc
💙 Like & Retweet
💙 Complete simple steps:
https://t.co/L0TIvIwVQL
Web3 Smart Wallet and Account Abstraction: the path to 1 billion users
The world of cryptocurrencies is buzzing with potential, and the race is on!
The current ceiling for Monthly Active Users (MAU) of crypto exchanges stands at 35 million, while Web3 wallets are not far behind with a cap of 20 million users.
The real question is: who among the major players - #TrustWallet, #CoinbaseWallet, #MetaMask, or #Worldcoin - will revolutionize the game by introducing a super user-friendly Smart Wallet functionality?
Right now, these platforms are attracting between 500,000 to 2 million users per month. However, a significant portion of these newcomers fade away without even making a single transaction. Why? Because the current system is riddled with outdated practices:
- Seed phrases? They're as old as the hills.
- Taking more than 8 seconds to create a wallet? That's ancient history.
- Paying for gas only in native tokens? So last year.
- No first free transaction? That's a thing of the past.
- Built-in browsers? They're going the way of the dinosaurs.
Sure, you can dress up the user experience (UX) all you want, but Web3 won't truly scale until the underlying mechanisms are user-friendly. And let's face it, Web3 will continue to be a hotbed for social effect scams until its structure becomes as simple and understandable as an atom.
Enter the Smart Wallet, a solution already hinted at by none other than @VitalikButerin. This innovation could simplify even the most basic transactions, like paying for your morning coffee at a cafe.
The real race in Web3 is about who among the flagship products will be the fastest to implement account abstraction (AA). The moment one of these big players solves the issues of gas payments and login, the Web3 economy will be set to scale like never before.
Imagine a wallet breaking through the 100 million MAU barrier, with a high proportion of Web3 interactions. That's the future we're looking at. And whoever controls the gateway (the Wallets) will control the entire economy. They could even create their own token OVER the blockchain native through an easy promotion program.
Whether it's our beloved #TWT, the future #MASK, the unexpected #BASE token, or #WLD, time is of the essence. The next 1 to 6 months will be crucial in the wallet race and the next round of Wallet adoption.
P.S. Keep an eye out for @X, who is gearing up to seize a 90% of the Web3 market. As the clock ticks, the crypto world holds its breath. The future is not just promising, it's transformative!
Art by: @ArtiPainter
#TrustWallet has partnered with #Arkham to bring you an exclusive quest campaign, with $50,000 in $ARKM up for grabs! 🚀
Entry Rules:
💙 Like & RT
💙 Follow @TrustWallet@ArkhamIntel
💙 Complete the Quest below👇
🔗 https://t.co/agT5zzbd7n
Announcing Arkham's Partnership with Trust Wallet
We’re partnering with Trust Wallet to bring their over 60 million users to the Arkham ecosystem.
Read their announcement for more details & to learn how you can connect your Trust Wallet to Arkham:
https://t.co/z9326TJXNR
Our first deep dive is focused on THE Crypto Wallet Market and the industry leader, @TrustWallet
Why #TWT has already won and how it presents unique smart money opportunities.
Full report: https://t.co/iWefH7rdsR
Crazy things that no one notices.
In memory of #MetaMask
📢 We are thrilled to announce SoonSwap Airdrop 1.0 is Now LIVE! 🔥
🏆 Prize Pool -- A Total of 2,100,000 $SOON will be Split!
✅Follow, RT & Join
✅Complete Gleam: ⤵️
https://t.co/K62lnqpjbm
📅 Deadline: Mar 31st, 10:00 am UTC
👉Details: https://t.co/o0aDHZKvGf
DON'T MISS IT
Wen WL?
We're launching 12+ FREE gaming mints in 30 Days 👾🤯
Want a chance to be a part of these amazing communities? 👀
We’ve created an insane opportunity to get some Mint Madness whitelists here: https://t.co/kcUwT60ILH 🪄
What mint are you the most excited for?👇
1/ To celebrate being an official launch partner of the #TrustWalletExtension, we've teamed up with @TrustWallet to give away $2,000 in $BUSD rewards!
Plus... everyone who completes entry will earn a FREE NFT! 💙
Entry link here👇
https://t.co/M5ThyQGAo6
I'm excited about the @Shardeum Liberty alphanet! #Shardeum is building an EVM-based L1 that can deliver low gas fees forever by adding more nodes.
Requesting 100 #SHM from the Shardeum faucet. https://t.co/fhOTrcOHWa
My address is: 0x2959eA51041393dd5B58A6816ef912be819F3cC4