Trust Wallet has come a long way since its launch in November 2017. Back then, it was a simple, user-friendly mobile wallet that allowed users to securely store and manage their cryptocurrencies. But as we all know, the world of cryptocurrency is constantly evolving, and so is Trust Wallet. Over the years, Trust Wallet milestones of numerous changes and improvements led to its becoming a powerful and feature-rich wallet that is trusted by millions of users around the world.
Launch and Early Glory Days (2017-2020)
Launch of Trust Wallet and its initial features (2017)
Trust Wallet was launched in November 2017 with the goal of providing users with a secure and user-friendly way to store and manage their cryptocurrencies. The initial version of Trust Wallet was a simple, easy-to-use mobile wallet that supported Ethereum and ERC20 tokens. Despite its simplicity, Trust Wallet quickly gained popularity among cryptocurrency users, thanks to its user-friendly interface and robust security features.
Acquisition by Binance and integration with the Binance ecosystem (2018)
In July 2018, Trust Wallet was acquired by Binance, one of the largest and most trusted cryptocurrency exchanges in the world. This acquisition marked a major milestone in Trust Wallet’s history, as it enabled the wallet to become an integral part of the Binance ecosystem. As a result of the acquisition, Trust Wallet was able to support more than 40 different blockchains and hundreds of thousands of tokens, providing users with access to a wide range of digital assets.
Addition of new supported blockchains and tokens (2019)
Following its acquisition by Binance, Trust Wallet continued to expand its support for new blockchains and tokens. Trust Wallet now supports a wide range of cryptocurrencies, including Bitcoin, Binance Coin, Litecoin, XRP, and many others. Trust Wallet’s support for multiple blockchains and tokens has helped to make it one of the most versatile and popular mobile wallets in the cryptocurrency space.
Introduction of staking and support for DeFi protocols (2019)
One of the most significant milestones in Trust Wallet’s development has been its support for staking and DeFi protocols. By allowing users to stake their cryptocurrencies and participate in DeFi applications, Trust Wallet has helped to fuel the growth of this emerging sector. Trust Wallet’s support for DeFi protocols has also helped to make it one of the most popular wallets among DeFi enthusiasts and investors.
Integration with decentralized exchanges (DEXs) (2019)
In addition to supporting a wide range of cryptocurrencies, Trust Wallet has also integrated with several decentralized exchanges (DEXs), including PancakeSwap, Uniswap, and SushiSwap. By allowing users to trade cryptocurrencies without having to go through a centralized exchange, Trust Wallet has provided users with greater privacy, security, and control over their funds.
Launch of Trust Wallet Token (TWT) and TrustSwap (SWAP) (2020)
Trust Wallet Token (TWT) is the native token of Trust Wallet, and is used to incentivize users and support the development of the wallet. TWT has become one of the most popular tokens in the cryptocurrency space, with a market capitalization of over $1.4 billion as of February 2023. TrustSwap (SWAP), on the other hand, is a decentralized token exchange that allows users to swap different tokens and coins.
Introduction of a built-in DApp browser
Trust Wallet introduced a built-in DApp browser, which allows users to interact with decentralized applications (DApps) directly from the wallet. This has made Trust Wallet a popular choice among users who want to participate in the growing ecosystem of decentralized applications.
Trust Wallet’s most noteworthy collaborations
Chainlink
In August 2020, Trust Wallet announced a partnership with Chainlink, a decentralized oracle network that provides reliable data to smart contracts. The partnership allowed Trust Wallet users to access Chainlink’s decentralized price feeds, which provide real-time price information for cryptocurrencies.
Decentraland
In November 2020, Trust Wallet announced a partnership with Decentraland, a decentralized virtual world built on the Ethereum blockchain. The partnership allowed Trust Wallet users to easily access and use Decentraland’s native cryptocurrency, MANA, within the Decentraland ecosystem.
Kyber Network
In December 2020, Trust Wallet announced a partnership with Kyber Network, a decentralized liquidity protocol that enables the exchange of cryptocurrencies. The partnership allowed Trust Wallet users to easily access and use Kyber Network’s liquidity protocol, which provides fast and secure token swaps.
Polygon
In May 2021, Trust Wallet announced a partnership with Polygon (formerly Matic Network), a Layer-2 scaling solution for Ethereum. The partnership allowed Trust Wallet users to easily access and use Polygon’s network, which provides fast and cheap transactions for Ethereum-based assets.
Avalanche
In August 2021, Trust Wallet announced a partnership with Avalanche, a decentralized platform for building blockchain applications. The partnership allowed Trust Wallet users to easily access and use Avalanche’s ecosystem, which includes decentralized finance (DeFi) applications, non-fungible token (NFT) marketplaces, and other decentralized services.
Solana
In January 2022, Trust Wallet announced a partnership with Solana, a high-performance blockchain designed for decentralized applications and digital assets. The partnership will allow Trust Wallet users to easily access and use Solana’s ecosystem, which includes decentralized finance (DeFi) applications, non-fungible token (NFT) marketplaces, and other decentralized services.
Band Protocol
In February 2022, Trust Wallet announced a partnership with Band Protocol, a decentralized oracle platform that provides reliable and secure data to smart contracts. The partnership will allow Trust Wallet users to access Band Protocol’s decentralized price feeds, which provide real-time price information for cryptocurrencies.
Reef Finance
In March 2022, Trust Wallet announced a partnership with Reef Finance, a decentralized platform for yield farming, liquidity provision, and other DeFi applications. The partnership will allow Trust Wallet users to easily access and use Reef Finance’s ecosystem, which includes various DeFi protocols and services.
What Drove Expansion and Adoption of Trust Wallet
Increase in the number of users and downloads over time
Trust Wallet has experienced a significant increase in the number of users and downloads since its launch in 2017. As of February 2023, Trust Wallet has millions of active users from all around the world, with its popularity continuing to grow. The wallet has been downloaded millions of times on both iOS and Android devices, making it one of the most popular mobile wallets in the cryptocurrency space.
Trust Wallet’s support for multiple languages and its global reach
One of the main factors contributing to Trust Wallet’s popularity and adoption is its accessibility to users from all around the world. Trust Wallet has been designed to support multiple languages, making it accessible to users from different countries and regions. This has helped Trust Wallet to expand its user base and achieve a global reach, with users from countries as diverse as the United States, Russia, Brazil, India, and China. Trust Wallet’s global reach is reflected in its user base, which includes people from all around the world.
Bottomline
From its inception, Trust Wallet has gone a long way and reached a great deal of success along the road, racking up a number of important landmarks along the way. Trust Wallet is well-positioned to continue to be a leading mobile wallet in the cryptocurrency field for many years to come as a result of its dedication to security, user-friendliness, and continual innovation.
