Gate Wallet Upgrade Sparks On-Chain Wallet Revolution: A $27 Billion Asset Experience Overhaul

When users open the upgraded Gate Wallet, 99+ public chain assets load in seconds on the multi-chain dashboard, allowing for seamless switching between ecosystems like Bitcoin, Ethereum, Solana, and TON with just a tap. The pre-integrated 15,000+ DApps cover everything from DeFi to GameFi, while the Gas prediction engine quietly saves users over 80% on on-chain transaction costs.

This is just the tip of the iceberg of Gate Wallet’s disruptive experience. In 2024, the number of new addresses for Gate Wallet surpassed 61 million, an increase of 33 times year-on-year, on-chain custodial assets soared to 27 billion USD, and Swap trading volume crossed the 1 billion USD threshold. Behind these numbers, a reshuffle in the on-chain wallet sector is taking place.

Breaking the Island, How Does Gate Wallet Reshape the Value Dimension of Wallets?

The WalletConnect website showcases over 350 wallets, making industry saturation a reality. While most wallets are caught in homogeneous competition, Gate Wallet redefines its product core along three dimensions:

1. Seamless access to the multi-chain universe: becoming the technological foundation. Supporting 99+ public chains, covering 90% of on-chain TVL, users do not need to switch between dozens of Wallets, whether it is Bitcoin Ordinals in_script_ion minting or Aptos DeFi operations can be completed through a unified interface.
2. Dual elevation of security and cost: directly addressing industry pain points. Private keys and mnemonic phrases are completely controlled by the user, combined with hardware Wallet isolation and a real-time risk scanning engine, maintaining a zero theft record. Its Gas prediction engine dynamically segments strategies by analyzing mempool data, achieving over 80% cost savings for regular transactions.
3. The outbreak of ecological aggregation power: defining new entry standards. Pre-integrating 15,000+ DApps covering all on-chain operations, over 1.6 million USD airdrop benefits will be distributed in 2024, attracting 5 million participants. The developer ecosystem is thriving simultaneously, with 10+ language SDKs and 200+ API interfaces reducing the DApp access cost by 90%.

In the Wallet Sector’s Undercover Battle, How Does Gate Redefine the Competitive Boundaries of the Industry?

The upgrade of Gate Wallet is rewriting the competition rules in the track:

• The threshold for multi-chain compatibility has been significantly raised: previously, the wallet ecosystem showed clear differentiation: general-purpose (such as Trust Wallet), professional (such as Zerion), specific ecosystem (such as Phantom), and function-oriented (such as staking wallets). Gate Wallet breaks through the quadrant boundaries with support for 99+ chains, forcing competitors to accelerate chain integration.
• Gas optimization technology has become the new standard: as users get accustomed to the cost advantages brought by Gate Wallet’s smart Gas leveling and liquidity aggregation (15 DEX aggregators), the high-friction model of traditional wallets faces challenges. Just like MetaMask’s 0.875% transaction fee leading to user attrition, cost sensitivity is reshaping product design logic.
• One-stop entry devours scene islands: Gate Wallet integrates trading, asset management, and DApp interaction into a single entry point, which is different from OKX. Web3 The “multi-chain seamless switching” and “AA smart contract wallet” concepts of Wallet are converging. However, Gate goes a step further by connecting the Gate Card payment network with the TON Mini App ecosystem, surpassing one million monthly active users and achieving a genetic fusion of CEX and DEX experiences.

Where Will the Wallet Ecosystem Go in the Future Battle?

The explosion of Gate Wallet reflects two major trends in the evolution of the track:

• Embedded Wallets: Disrupting the “Universal Entry” Logic. DApps like Friend.Tech are pushing the paradigm from “one wallet fits all DApps” to “each DApp has its own dedicated wallet” through Privy infrastructure built-in wallets. This requires universal wallets like Gate to enhance their non-fungibility—the scale of their pre-integrated DApps and airdrop operations is building a moat.
• The competition for control over the MEV supply chain is heating up: wallets, as compilers of user intent, control transaction routing rights. When Gate Wallet handles $27 billion in asset flow, its control over RPC endpoints and order flow forms a hidden power. There have been cases in the industry where Metamask defaults to binding Infura, forming a control chain of “wallet - RPC - order flow - MEV.”

Safety benchmarks have shifted from optional to essential. Gate’s zero theft record drives the industry’s benchmarking upgrade, just as CertiK’s proposed dynamic “Security as a Service” model calls for surpassing static audits to build a comprehensive mechanism that integrates code, behavior, culture, and compliance.

Conclusion

As the F1 Red Bull Racing car, emblazoned with the Gate logo, raced across global circuits, hundreds of millions of viewers witnessed the breakout of this Web3 gateway. In the on-chain world, Gate Wallet’s $27 billion in asset custody and millions of monthly active Mini App users are redefining the realm of wallets.

A wallet is no longer just an asset container; it has become a super router connecting public chain ecosystems, a digital fortress to resist risks, and a universal key to unlock Web3 services.