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.
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
1,000 #TWT - 10 winners
With AX1 set to soar at #BinanceBlockchainWeek in Istanbul, we're revisiting our seminal #TrustWallet research & marking the occasion with a special Airdrop.
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1,500 #TWT - 15 winners
In light of the launch of #TrustWallet 2.0 and almost hitting 1 million views on our research, we're jazzed to present you with this incredible prize.
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1,000 #TWT - 10 winners
Today alongside our exquisite research, we are offering you something extra. We are not typically engaged in giveaways, yet there is undeniable elegance in bestowing something of value.
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[NEW] Research: https://t.co/cZhlfmaPNp
From the competitive landscape of #TrustWallet & #MetaMask to the evolving regulatory frameworks, our latest research offers a 360 degree view of the Web3 Gate.
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Who will create the Super App to reshape the economy?
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