$100,000 to find the strongest on-chain trader, the original intention and innovation of Bitget Wallet's "trading"

On October 16, the Web3 wallet Bitget Wallet (formerly BitKeep Wallet) announced the launch of its most significant annual event - the NewDegen 2023 On-chain Trading Challenge. On October 19, this competition, aimed at global Web3 players and offering a reward of 100,000 USDT, officially commenced.

During the event period from October 19, 18:00 to November 18, 18:00, users can download Bitget Wallet to register on the competition's official website (Competition entry: Click to register), trade using Bitget Swap, and compete in both individual and team events to showcase their on-chain trading skills, team popularity, and trading volume, sharing the 100,000 USDT reward and limited edition honorary SBT medals.

Attracting NewDegen, Experience the Charm of On-chain Trading

In this on-chain event, Bitget Wallet uses "New Degen" as its theme. In the DeFi world, "Degen" represents a group of enthusiastic players who are willing to try new protocols and strategies, eager to challenge high returns and high risks. Bitget Wallet hopes that through this event, both DeFi newcomers and veteran players can experience the charm of the decentralized world and on-chain trading.

In many people's perceptions, crypto wallets are merely tools for storing and managing crypto assets or gateways to interact with Web3 applications. Bitget Wallet presents a refreshed perspective: focusing on asset trading and decentralized trading, striving to excel in this field. The Bitget Wallet team believes that the core value of the industry mainly lies in asset issuance and asset trading, with trading being one of the biggest demands for users and the best entry point for platforms to capture value.

Looking ahead, as technology advances and user experience continues to improve, along with the overall maturation of the industry, decentralized trading will become the mainstream choice, and more users will tend to migrate to DEX or wallets. Bitget Wallet aims to provide users with a more convenient and user-friendly one-stop trading service.

As Asia's largest and a leading global one-stop Web3 multi-chain wallet, Bitget Wallet has positioned its trading aggregation function as its core business since its brand upgrade from BitKeep in August this year. Unlike the traditional vague positioning of Web3 entry points, Bitget Wallet strives to create the most convenient and user-friendly trading wallet through continuous innovation and optimization, ushering in an era of wallet aggregation trading.

Bitget Swap, Continuously Innovating Around "Trading"

As a leading trading wallet, Bitget Wallet maximizes the Swap function through continuous product iteration and innovation, allowing users to trade any asset on any public chain freely within the wallet.

Bitget Swap, as the core product of Bitget Wallet, is a powerful multi-chain DEX aggregator that supports nearly 30 public chains and aggregates liquidity from hundreds of mainstream DEXs and cross-chain bridges. Its pioneering features such as gasless trading and automatic slippage provide users with price advantages and a smooth multi-chain trading experience; intelligent market analysis further assists users in making informed trading decisions. Bitget Swap not only satisfies market price swaps but also offers diverse trading modes such as limit orders and has opened the Quick Buy service for global users.

Currently, Bitget Wallet has surpassed 12 million global users, and as a core product, Bitget Swap's innovations are evident:

Aggregated Liquidity: Liquidity is the lifeline of trading platforms, and Bitget Wallet fully recognizes this, having aggregated liquidity from hundreds of DEXs and cross-chain bridges across all chains. Through efficient algorithms, it provides users with optimal price strategies covering the widest range of tokens. Currently, Bitget Wallet supports nearly a hundred Layer 1 and Layer 2 chains across six major ecosystems, totaling over 250,000 tokens. The core philosophy of Bitget Wallet is that as long as any two tokens have basic economic value, whether on the same chain or across chains, whether Layer 1 assets or Layer 2 assets, seamless exchange can be achieved.

K-line Market Data: Bitget Wallet goes beyond basic trading functions by providing users with comprehensive trading information services. Users can make trading decisions through K-line charts instead of blindly selecting as on traditional DEXs. Bitget Wallet is the world's first wallet to support on-chain asset K-line market data, having launched the Uniswap asset trading leaderboard during the DeFi Summer of 2020, and has since developed token K-line market data. The current Bitget Wallet is enhancing its intelligent market features, such as real-time, intelligent presentation of the rise and fall rankings of all chain tokens while automatically excluding risky tokens, providing users with more comprehensive, timely, and accurate market information to help them quickly discover potential and popular projects.

Gasless Trading Experience: Bitget Wallet is also the first wallet in the industry to achieve a gasless trading experience, implementing this innovation across nearly ten chains, including BNB Chain, Polygon, and TRON. This feature has also been extended to the Ethereum mainnet, where gas costs are high and volatile, providing convenience for users to quickly obtain gas fees during trading. Additionally, Bitget Wallet's pioneering GASU subsidy automatically offsets various gas fees incurred within the app for users.

Automatic Slippage: The automatic slippage feature is another industry-first innovation by Bitget Wallet, which automatically sets an optimal slippage for users to complete transactions by comprehensively considering slippage and token burn rates, simplifying the trading process and ultimately reducing trading friction and enhancing execution speed.

Preventing MEV: BitKeep Swap has also integrated Flashbots to enhance transaction privacy and security, preventing malicious MEV attacks, and automatically returning MEV profits generated from transactions to users through Flashbots' MEV-Share protocol, requiring no action from users.

In terms of product innovation, Bitget Swap has maintained a leading position. Although UniswapX announced the upcoming UniswapX protocol this year, highlighting features such as aggregating DEX liquidity, gasless trading, and preventing MEV, in fact, Bitget Swap had already implemented these features in the first half of the year or even earlier.

According to CoinGecko statistics, Bitget Wallet ranks seventh among the most popular crypto hot wallets globally. Meanwhile, DappRadar data also shows that Bitget Wallet's Swap frequently ranks in the top ten among all DeFi projects in terms of trading volume and active users, nearly on par with MetaMask, and sometimes even leading. In community feedback, Swap trading is also the most favored and commonly used feature, receiving many positive reviews for its smooth trading experience.

The Bitget Wallet team stated: Bitget Swap has maintained a leading position but is still continuously iterating. Aggregating liquidity scattered across different DEXs and protocols to create a Swap that is comprehensive in trading pairs, offers competitive prices, fast transactions, and full functionality, while maintaining a simple and user-friendly UX, is our original intention and the direction of our continuous innovation.

About Bitget Wallet

Bitget Wallet, formerly BitKeep Wallet, is Asia's largest and a leading global one-stop Web3 multi-chain wallet. It provides users with a comprehensive range of on-chain products and DeFi services, including wallet, Swap trading, NFT trading, and DApp browser.

Since its establishment five years ago, it has gained recognition and support from over 12 million global users and hundreds of leading industry projects such as Ethereum, BNB Chain, Arbitrum, and Polygon due to its secure and convenient products and services.

In March 2023, the crypto derivatives trading platform Bitget invested $30 million in BitKeep, becoming the majority shareholder; in August, BitKeep officially rebranded to Bitget Wallet, with a complete upgrade of products and services, focusing on "trading" to provide users with a higher quality trading experience.