BitKeep Wallet hits 10 million users driven by successful Arbitrum airdrop

Decentralized multichain integer wallet solution BitKeep Wallet has announced that it has surpassed 10 cardinal users arsenic of April. The level has seen tremendous maturation successful caller months, with implicit 560,000 caller users onboarded successful March alone. The surge successful users tin beryllium attributed to respective palmy campaigns with fashionable blockchains similar Arbitrum and Sui.

BitKeep's Arbitrum run saw the palmy motorboat of ARBK. This autochthonal token recorded 708,800 on-chain transactions and was airdropped to implicit 100,000 users participating successful campaign-related tasks and activities. During the run period, ARBK was exchangeable for ARB, the authoritative autochthonal token of the Arbitrum chain, and ranked archetypal connected Arbitrum's ecosystem popularity illustration with 150,000 token-holding addresses, with an enactment measurement of 330,000.

Following BitKeep's caller success, cryptocurrency derivatives speech Bitget has invested $30 cardinal into the platform. As a effect of the investment, BitKeep volition beryllium rebranded arsenic Bitget Wallet but volition proceed to relation arsenic an autarkic entity some operationally and structurally. BitKeep volition absorption connected gathering its ecosystem and autarkic tokenomics portion protecting the rights and interests of existing BitKeepers and BKB holders during the modulation process.

According to the announcement sent to Cointelegraph, BitKeep plans to proceed expanding its Swap relation by introducing caller cross-chain enactment for Optimism and Conflux Space, arsenic good arsenic decentralized speech aggregation enactment from Swappi, Camelot, and WOO Network. BitKeep has besides acceptable its sights connected enhancing its scope of products, with plans to research MPC (multi-party computation) and AA (account abstraction). Additionally, the institution shared that it is processing functionalities related to Web3 DID (decentralized identity) and is extending enactment for the zk-Rollup ecosystem.

Related: BitKeep completes compensation for $8M APK exploit, announces rebranding

On March 24, Cointelegraph reported that the caller Arbitrum (ARB) airdrop had garnered important attention, arsenic blockchain investigation level Lookonchain reported that token hunters consolidated astir $3.3 cardinal worthy of ARB into 2 wallets. The archetypal wallet received 1.4 cardinal ARB from 866 addresses, which were subsequently added to Uniswap for liquidity provision. This magnitude of ARB is presently valued astatine astir $2 million. The 2nd wallet received 933,375 ARB from 630 addresses, amounting to astir $1.38 million. These consolidations suggest that immoderate users are taking vantage of the airdrop by accumulating ample amounts of ARB tokens.