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.
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