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Trust wallet
Trust wallet












trust wallet

This is indeed the case for Trust Wallet Token. What gives any application-based token a fundamental purpose is either governance or some sort of utility within the application. TWT has been a phenomenal trade over the last several weeks but that doesn't necessarily mean the token itself has good tokenomics. On Ethereum, the trend is a little more flat and we're seeing the same on Polygon as well. In a typical day, there are a little over 8 thousand daily active users accounting for about $12.6 million in trading volume combined among Polygon, Ethereum, and Binance Smart Chain.īSC Trust Wallet Swaps (Dune Analytics/revoak)ĭespite the low number of users and trades, the general trend in swaps for Trust Wallet is positive on Binance Smart Chain.ĮTH Trust Wallet Swaps (Dune Analytics/revoak) But these metrics are a good picture into how the Trust Wallet application performs from a daily usage standpoint. It isn't the only DEX aggregator and these figures aren't absolute. Depending on the day, 1inch touches anywhere from 60-80% of the DEX traffic on Ethereum. Source: Dune Analytics/revoak, 7 Day averagesġinch ( 1INCH-USD) is the leading DEX aggregator used in DeFi. However when we dig into some of the platform usage metrics, we can see that daily active usage might be a bit underwhelming considering the quoted number of wallet users: Trust Wallet Usage via 1inch The Trust Wallet website claims more than 25 million people are using the wallet. Wallet UsageĪccording to BscScan, there are over 300K TWT token holders. This diminishing trust in centralized custody has led to a substantial move higher in some of the self-custodial wallet tokens including TWT. This reliance on third party custodians rather than self-storage of funds has clearly created problems with trust in the crypto industry. Despite decentralization and self-custody being some of the core principles of Bitcoin advocates, most of the trading that happens within the crypto industry is through centralized companies rather than through decentralized protocols or exchanges known as DEXes. Like Celsius ( CEL-USD ) and Voyager ( OTCPK:VYGVQ ) before it, FTX is yet another failing of a centralized cryptocurrency exchange. However, despite being a self-custodial wallet, Binance actually owns Trust Wallet after purchasing it in 2018. What has helped propel TWT higher is that self-custody of crypto is becoming fashionable and the token has benefitted from a narrative trade tailwind following the FTX disaster. Trust Wallet Token is one that is still 40% higher than where it was in early November while Bitcoin ( BTC-USD ) and Binance Smart Chain ( BNB-USD ) are both down over the same timeframe. Since the collapse of FTX ( FTT-USD ) in early November, very few crypto tokens are actually up.

trust wallet trust wallet

Trust Wallet is a self-custodial crypto application that allows users to hold cryptocurrencies off of exchanges. One of the top performing assets in the cryptocurrency market over the last two months has been Trust Wallet Token ( TWT-USD).














Trust wallet