Aiming for a multi-chain future, TokenPocket is becoming a main player in the crypto wallet sector

Since the birth of Bitcoin in 2009, it has been 12 years of development for cryptocurrencies and blockchain technology, a cycle that can be considered neither long nor short. However, the market landscape has undergone tremendous changes in these 12 years, especially in the vertical field of wallets, where the "feudal lords' contention" has become increasingly fierce.

As the most crucial part of the ecosystem, the importance of crypto wallets is self-evident. During the previous stage of wild growth in the crypto ecosystem, the "invisible hand" of the market fully played out a grand drama of "survival of the fittest"—especially in recent years, the speed of wallet iteration has accelerated, with some wallets being brutally eliminated for their inability to adapt, while others have gained huge transaction volumes and liquidity through increasingly rich and mature product structures, becoming the absolute protagonists on the current crypto stage.

It is undeniable that the competition in the cryptocurrency market has become increasingly fierce, and users are more mature than in the early stages of the industry. For crypto wallet service providers, relying solely on dazzling gimmicks is no longer sufficient to establish a foothold in the industry. Only by being grounded, continuously BUIDLing, and actively developing infrastructure can they remain invincible—this is also one of the driving forces behind many crypto wallets beginning to explore innovative businesses. In this wave, TokenPocket wallet has leveraged its unique "multi-chain" advantage to break through and gradually become the absolute protagonist on the current crypto wallet stage.

Finding breakthroughs through multi-chain, what distinguishes TokenPocket wallet?

It is well known that the most watched public chain in the crypto industry is undoubtedly Ethereum. However, it is unrealistic to pin all hopes on this single public chain and "expect" Ethereum to independently bear the entire public chain track.

Limitations in block size, high gas fees, slow confirmation speeds, and network bandwidth have already hindered the development of some projects on Ethereum. Therefore, it is unlikely that a single public chain will dominate the market. The future ecosystem will inevitably form a situation of "multi-chain coexistence."

As more and more public chains choose to directly support the Ethereum Virtual Machine (EVM), exchanges are also launching their own public chains, such as Binance's Binance Smart Chain (BNBChain, formerly BSC), Huobi's Huobi Eco Chain (HECO), and OKX's OKXChain. The problem is that direct transfers between different public chains are not possible; for example, USDT on Ethereum cannot be directly transferred to HECO. If one wants to withdraw coins from an exchange, they must be very careful about the withdrawal channel/public chain. If the wrong channel is selected, the transfer will fail (for instance, to withdraw from Binance to Binance Smart Chain, one must select the BEP20 or BNB Chain option; similarly, to withdraw from Huobi to Huobi Eco Chain, one must select the HECO channel).

In this context, the position of multi-chain wallets in the crypto ecosystem becomes particularly important. The significant role of multi-chain wallets in terms of iteration speed, configuration convenience, and composability has become increasingly prominent, and TokenPocket wallet's "multi-chain advantage" has thus begun to play a huge role. TokenPocket wallet not only supports dozens of public chains based on the ERC-20 token standard but also supports NFT assets under the 721 and 1155 standards, achieving full-chain asset compatibility and becoming a leader in this field.

The table below shows several mainstream multi-chain wallets currently in the crypto market (data source: Coinmarketcap, data extraction date April 27), let’s make a simple comparison:

From the table above, it can be seen that TokenPocket's overall advantages are quite obvious. As a globally leading multi-chain self-custody wallet, TokenPocket supports all mainstream public chains including BTC, ETH, BSC, Polygon, Solana, HECO, Klaytn, Avalanche, Tron, OKC, Arbitrum, Fantom, Polkadot, Kusama, EOS, HSC, etc. The wallet's private keys are stored on the user's device and are never uploaded to the server, allowing users to have complete control over their crypto assets.

TokenPocket has provided safe and reliable services to over 10 million users worldwide, with more than 3.5 million monthly active users across over 200 countries and regions. At the same time, the wallet supports fiat currency deposits from numerous countries, further lowering the barriers for users to enter the blockchain.

More importantly, TokenPocket wallet integrates functions such as wallet creation or import (for TP-supported digital tokens, users can generate new wallets using TP or import compatible wallets generated by other wallet tools in related blockchain systems), market analysis (view real-time digital token exchange rates, K-lines), transaction transfers (users can manage digital tokens using TP's transfer and receipt functions, i.e., using private keys for electronic signatures to modify the ledgers of related blockchains), DApp access (users can jump to DApps through TP and directly use the services provided by those DApps), and information browsing, providing users with the most efficient usage experience and transaction operations.

As competition in the wallet sector intensifies, TokenPocket leverages product advantages to become a powerhouse of traffic entry

For users, TokenPocket wallet has continuously improved its functions in asset storage, trading, market analysis, DApp, DeFi, NFT, and voting governance, providing a one-stop solution for user needs. It has integrated OTC and instant exchange functions in trading, along with various decentralized exchanges, making it more convenient for users to buy and sell fiat currencies, conduct cross-chain exchanges, and engage in decentralized trading. TokenPocket wallet is very close to user needs, responding promptly to user demands and updating products accordingly.

In fact, within the cryptocurrency ecosystem, whether it is trading, wealth management, cross-chain, custody, or mining, the connections between them are becoming increasingly tight. In this context, infrastructure like TokenPocket wallet plays the role of an "ecological planner," integrating every service and product in the ecosystem into a whole, supporting and interrelating with each other, ultimately bringing greater market competitiveness to TokenPocket wallet itself.

In terms of DApps, TokenPocket wallet has become an entry point for the DApp ecosystem, currently supporting over 10K DApps. It is no exaggeration to say that users can find almost all the latest and most interesting DApps on the market.

To allow users to access these DApps more conveniently, TokenPocket wallet users can use them according to their habits; they can also categorize frequently used and favorite DApps into a folder for easy management and viewing, similar to operations on mobile systems, simply searching to bookmark their desired DApps.

In terms of DEX, TokenPocket wallet supports leading DEXs on all mainstream public chains, including Uniswap, SushiSwap, and Curve on the Ethereum blockchain, PancakeSwap and biswap on Binance Smart Chain, QuickSwap on Polygon, Raydium on Solana, and JustSwap on Tron.

In fact, the DEX operation interface on TokenPocket wallet adopts a concise and minimalist style, making it very suitable for beginners. Users can find and start trading in the popular positions of the corresponding public chains.

In terms of NFTs, TokenPocket wallet not only supports NFT asset management (receiving, sending, etc.) but also provides certification specifications, asset skin settings, avatar, receipt code background, and exclusive certification identifiers. According to official sources, TokenPocket wallet will also launch an NFT aggregation trading market, allowing users to find and purchase one or more NFTs in the shortest time possible, saving both time and gas fees.

At the same time, addressing the pain points of data islands and the inability to freely trade assets between different public chains, TokenPocket also provides Transit, a decentralized cross-chain bridge, enabling users to achieve decentralized rapid cross-chain transactions within the wallet, facilitating asset flow between different chains, providing convenience for users, and occupying a favorable position in the two huge tracks of instant exchange and cross-chain. Today, Transit has become one of the top 5 daily active user swaps in the market.

Undoubtedly, wallets are the most important and fastest traffic entry points in the blockchain world, and they are indispensable infrastructure in the entire ecosystem. In the process of developing in the crypto wallet field, many projects are competing for wallet market space. Compared to other competitors, TokenPocket wallet has leveraged its advantages to evolve from a single digital asset management tool into a blockchain ecological service platform based on multi-chain wallets, becoming an important part of the entire digital currency industry's development history.

Utilizing compliance advantages, TokenPocket steadily advances in competition

You may wonder why TokenPocket wallet can remain strong in this turbulent field of crypto wallets. The answer is quite simple: adherence to compliance. Only by operating in compliance and effectively controlling risks can users and consumers be fully protected, and only when users and consumers genuinely feel protected will they entrust their trust to you.

In fact, TokenPocket wallet has been steadily advancing in compliance work, achieving impressive results. Last October, TokenPocket wallet announced that it had obtained the MSB (Money Services Business) license issued by the U.S. Financial Crimes Enforcement Network (FinCEN), which will fully expand overseas operations, with plans to apply for compliance licenses in more countries and regions. The U.S. MSB license is issued by the Financial Crimes Enforcement Network (FINCEN), an agency under the U.S. Department of the Treasury, which has published authoritative U.S. documents such as the "Legal Status of Bitcoin" and the "Regulations on Personal Management of Virtual Currency." Obtaining this license means that TokenPocket wallet complies with the "Bank Secrecy Act" (BSA) that U.S. financial institutions and the financial industry must adhere to and has a complete anti-money laundering (AML) monitoring network system.

Moreover, TokenPocket wallet's compliance work is also reflected in many details.

For example, the application requirements for DApp onboarding on TokenPocket wallet are stricter than many other crypto wallets. In addition to providing detailed basic information about the DApp, clear interaction logic, and mobile compatibility, the project party must also provide a publicly accessible and stable URL, ensure that the smart contract has been deployed on the mainnet, open-source sensitive logic, and provide third-party security agency audit reports for sensitive contracts. Each onboarded DApp must comply with relevant laws and regulations and must not engage in fraud or infringement.

In terms of digital asset security, TokenPocket wallet has established strategic partnerships with blockchain security companies such as SlowMist Technology and OKLink, allowing TokenPocket wallet users to enjoy precise address health detection services. Users can also query on-chain related data and risk information for any address through the TokenPocket wallet App entrance, further ensuring the security of users' digital assets.

As mentioned earlier, to gain user trust, compliance risk control is crucial—whether this work is done adequately and whether execution can keep pace with market changes is absolutely key to whether a crypto wallet can succeed. Undoubtedly, TokenPocket wallet has proven itself in this regard over nearly five years.

Conclusion

In the future, multi-chain has almost become a confirmed trend in the development of the crypto industry. Currently, various crypto services and products such as DeFi, Swap, and NFT are thriving on dozens of public chains, and the competition in the multi-chain ecosystem is intensifying. Wallets are the most important ecological entry points, and TokenPocket is undoubtedly the wallet product that deserves the most attention in this field. By covering almost all mainstream public chains and exchange public chains in the market, while integrating DEX, DeFi, DApp, and NFT's full ecological business, TokenPocket wallet users can seamlessly complete a series of cross-chain asset operations, thereby gaining advantages and more benefits in many vertical crypto fields.

If we say that from 2009 to 2022, the crypto market experienced its first cycle, then with the increasing maturity of the crypto wallet infrastructure, we believe that the robust TokenPocket wallet is already prepared to lead the digital currency and blockchain industry into the next cycle based on its ecological development advantages, bringing users a better experience and stronger confidence.