Trust Wallet in 2024: A Year of Setting New Standards For Web3 Wallets

Introduction

Welcome to our end-of-year wrap-up! 2024 was a year of incredible milestones for Trust Wallet, and we’re excited to share them with you. We introduced groundbreaking features to the Web3 wallet space and set several industry firsts, including becoming the first major Web3 wallet to achieve ISO certifications for both security and privacy. We also launched passkey-based smart wallets, making it easier for beginners to explore the world of Web3.

But the innovation didn’t stop there. Our brand and growth campaigns reached millions, and our community grew to nearly 150 million people—making Trust Wallet the largest and leading self-custody wallet.

Together, we’ve built more than just a wallet—we’ve created a thriving Web3 ecosystem that empowers users to take control of their Web3 journey.

Key Highlights:

• We added highly requested new features to make navigating Web3 easier and more rewarding, including; ETH Pooled staking, Quests, a decentralized launchpool, and SWIFT smart contract wallet

• We became the first major self-custody wallet to achieve global ISO certifications in both security and privacy

• We developed the standard for interoperable smart wallets with ERC-7779

• Our security scanner prevented $450 million from being sent to scammers

• Our incredible global team grew by 30% and Trust Wallet was listed as a Top 20 Web3 Employer by Calyptus

But this 2024 wrap-up isn’t just a list of achievements; it’s a reflection on how far we’ve come this year, and the foundation we’ve built to lead Web3 wallet innovation. With that in mind, let’s dive into the highlights of 2024, what they mean for you and everyone in our community, and how we plan to continue redefining what’s possible in the decentralized space in 2025 and beyond.

Product Innovation: Empowering Users with Advanced Tools

2024 was a transformative year for Trust Wallet’s product offerings. We launched a range of powerful features that enhanced functionality and usability, making it easier than ever for users to navigate and engage with the Web3 ecosystem. These innovations reflect our commitment to delivering cutting-edge tools that meet the needs of both seasoned crypto enthusiasts and beginners.

Key Highlights:

• Introduced ETH Pooled Staking, becoming the largest staking pool for Ethereum.

• Launched Quests, allowing users to earn Trust Points and unlock future rewards.

• Rolled out a decentralized launchpool, activating our users and TWT holders with exclusive participation opportunities.

• Expanded multi-chain support to over 10M+ assets, 100+ blockchains, 20+ native staking options, and 1M+ swap pairs, including cross-chain.

• Integrated swap engine improvements, including an updated design, as well as faster and more cost effective transactions.

Why This Matters:

These product advancements ensure that users have access to state-of-the-art tools, making Web3 more accessible, rewarding, and efficient. From staking to swapping and participating in DeFi, Trust Wallet empowers users with unparalleled versatility. These updates lay the groundwork for Trust Wallet to remain the leading self-custody wallet as Web3 adoption accelerates.

Security: Protecting Users at Every Step

Security has always been the backbone of what we do, and in 2024, we raised the bar even higher. From preventing scams to recovering stolen funds, we introduced new measures and achieved key milestones that solidify our position as a leader in safeguarding the Web3 experience.

Key Highlights:

• Prevented $450 million from being sent to scammers through advanced security scanning.

• Helped recover $1.19 million in stolen funds for users—an industry-first achievement.

• Achieved ISO certifications for security and privacy: ISO/IEC 27001:2022 and ISO/IEC 27701:2019.

• Successfully shut down 780+ phishing sites and removed 2,300+ scammer accounts across platforms.

Why This Matters:

By prioritizing Web3 security, Trust Wallet empowers users to interact with Web3 safely and confidently. We believe wallet security is an integral part of giving users the confidence they need for self-custody. These measures not only protect individuals but also enhance the overall integrity of the decentralized ecosystem, laying a strong foundation for broader adoption.

Community: Strength in Numbers

The Trust Wallet community is the heart of our ecosystem, and in 2024, it grew to unprecedented levels. Through events, social engagement, and direct user support, we’ve fostered a vibrant global network of users who trust us to guide them through Web3.

Key Highlights:

• Launched our community-focused brand film, ‘In Freedom We Trust’, which reached ~7 million views on YouTube in under 1 month.

• We grew to over 6 million followers across our socials—including 4 million followers on X (Twitter).

• Our airdrop campaigns with Telegram Mini Apps resulted in over 7 million new users, and our campaign with W-coin became the most impactful growth campaign in the history of Trust Wallet with almost 3 million new users.

• Hosted 7 major events in 7 global cities, celebrating 7 years of Trust Wallet with over 1,200 attendees.

• Expanded our Trust Squad volunteer program, strengthening support for users around the world.

Why This Matters:

Community is what drives Web3 forward, and our growing network helps amplify the accessibility and adoption of decentralized technologies. These efforts not only build stronger connections but also ensure our users feel empowered and supported as they explore Web3.

We also want to highlight the invaluable contributions our Trust Squad members and community management. Their hard work in managing communities, ensuring security by keeping away spam, assisting new users with their questions, and raising any issues has been crucial to Trust Wallet's success. Additionally, receiving their feedback during various product feedback sessions has been essential to our company's growth and improvement.

Innovation: Pioneering Standards for a Seamless Web3 Experience

In 2024, Trust Wallet continued to lead the Web3 space by developing and implementing standards that enhance interoperability and user experience. Our commitment to innovation is exemplified by the introduction of ERC-7779 and the launch of Trust Wallet SWIFT, both of which simplify and secure interactions within the decentralized ecosystem.

Key Highlights:

• ERC-7779 Standard: Developed in collaboration with the Ethereum Foundation and other key partners, ERC-7779 establishes a unified framework for interoperable and developer-friendly smart wallets.

• Trust Wallet SWIFT: Launched in early 2024, Trust Wallet SWIFT is a Smart Contract Wallet powered by Account Abstraction. It simplifies Web3 access with features like gas fee abstraction, one-click transactions, and biometric-protected passkeys, making Web3 more accessible for both beginners and experienced users.

Why This Matters:

These innovations demonstrate our dedication to enhancing the Web3 experience by making it more user-friendly and secure. The ERC-7779 standard facilitates interoperability across different platforms, reducing technical barriers and fostering a more cohesive ecosystem. Trust Wallet SWIFT offers a simplified interface with advanced security features, allowing users to engage with decentralized applications effortlessly. Building upon the success of our security scanner, which has prevented millions from reaching scammers, these developments underscore our ongoing commitment to providing a safer and more accessible Web3 environment for our community.

Business Growth: Building a Sustainable Future

2024 marked a significant turning point for Trust Wallet as we achieved financial self-sustainability for the first time. This milestone ensures our ability to scale, innovate, and deliver value to users without reliance on external support.

Key Highlights:

• Became fully self-sustaining financially, eliminating operational losses.

• Achieved significant adoption through successful campaigns with Telegram Mini Apps, driving more than 7 million downloads in just 6 months.

• Maintained 15 million monthly active users (MAUs) while growing our infrastructure to support even more users.

Why This Matters:

Financial independence means Trust Wallet can continue delivering reliable and innovative services for years to come. Sustainability ensures that we remain independent, user-focused, and able to invest in the tools and features our community needs most.

Team: Growing Together, Globally

Our success is powered by the incredible people behind Trust Wallet, and in 2024, our team grew stronger than ever. With a 30% expansion in staff, we’ve built a diverse and talented group ready to tackle the challenges of Web3’s future.

Key Highlights:

• Team grew by 30%, and now includes people from over 30 nationalities.

• Recognized as a Top 20 Web3 Employer by Calyptus, highlighting our commitment to fostering a supportive and inclusive workplace.

Why This Matters:

A stronger team means better support, faster innovation, and a more resilient platform. By investing in our people, we’re investing in the future of Trust Wallet and the community we serve.

7 Years of Trust: Celebrating a Milestone

2024 marked seven incredible years of Trust Wallet, and we celebrated this milestone with our community across the globe. These events were a testament to the relationships we’ve built and the progress we’ve made together.

Key Highlights:

• Hosted 7 events in 7 cities, including Singapore, Lagos, Dubai, Paris, and more.

• Over 1,200 attendees joined the celebrations, with 4,800+ registrations, showing the enthusiasm of our community.

• Each event was fully booked, showcasing the growing demand for Trust Wallet’s presence and connection.

Why This Matters:

These celebrations aren’t just about looking back—they’re about recognizing the community that made Trust Wallet what it is today. By coming together, we strengthen the bonds that will drive the next seven years of growth and innovation.

Looking Forward to Next Year and Beyond

As we reflect on the milestones achieved in 2024, our focus is firmly set on the future. The innovations and standards we’ve introduced lay a robust foundation for continued growth and leadership in the Web3 space.

We’re committed to further enhancing user experience, security, and interoperability, ensuring that Trust Wallet remains at the forefront of decentralized technology. Our community’s trust and engagement drive us to push the boundaries of what’s possible, and together, we look forward to a future where Web3 is accessible and beneficial to all.

Disclaimer: Content is for informational purposes and not investment advice. Web3 and crypto come with risk. Please do your own research with respect to interacting with any Web3 applications or crypto assets. View our terms of service.

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Note: Any cited numbers, figures, or illustrations are reported at the time of writing, and are subject to change.