The thing about wallets is that it's simple when you say it is, and complex when you say it is. You might not have expected that it has undergone tremendous changes in recent years.



To be honest, early blockchain wallets were just simple tools. Bitcoin Wallet, Ethereum Wallet, each managed its own, and you had to download one after another, it was like collecting stamps. Who could have imagined back then that this thing could evolve into something so elaborate?

Later, the situation changed. The Ethereum ecosystem became vibrant, with various L2s, sidechains, and cross-chains flooding the market, leaving users exhausted—just transferring funds between different blockchains could take a long time. It was at this point that multi-chain wallets emerged. Products like MetaMask and Rabby became popular, allowing you to manage multiple chains with one wallet and switch freely. The evolution from "single-chain tools" to "multi-chain gateways" marks the first key turning point.

But this is not the end. By the end of 2024, experts in the Wallet space are already pondering the next step – simply aggregating multiple chains is no longer so rare, where is the real competitive edge?

The answer is: business capability.

What are the leading wallets starting to do now? They have built-in Swap, support Staking, integrate lending, and even directly connect to CEX and DEX. Some wallets have simply transformed into a small trading hub. Users no longer need to switch back and forth; they can complete most operations within the wallet. This is a qualitative leap—from a passive "asset storage place" to an active "business operation center."

In 2025, this trend will become more apparent. Wallets will no longer just support multiple chains simply, but will show their unique features: some will focus on security, some will highlight social functions, and some will emphasize the aggregation of trading depth. The market will begin to differentiate, with different wallets finding their own positioning.

So when you choose a wallet now, you can't just look at "how many chains it supports" as the only dimension. You have to consider its business ecosystem, user experience, security mechanisms... this is when the true test of product strength comes.
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Liquidated_Larryvip
· 2025-12-23 10:21
I think it's a bit unlikely that the wallet will become a trading hub.
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WhaleStalkervip
· 2025-12-23 05:03
The evolution of the Wallet is indeed amazing, from a stamp collection style to an all-in-one trading center, which has saved me space from several apps.
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NotGonnaMakeItvip
· 2025-12-22 02:33
Now the wallet is rolled up like this, one more competitive than the other.
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FOMOmonstervip
· 2025-12-21 05:22
The competition within wallets has become so fierce, I feel like I need to choose.
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HashBardvip
· 2025-12-21 03:29
wallet evolution hits different when you realize it's basically become a narrative arc—from pure utility theater to this messy multiplex of competing narratives. the sentiment shift from "i need somewhere safe to hold this" to "this thing better have swap liquidity" is lowkey a market psychology tell, no cap
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MidnightMEVeatervip
· 2025-12-21 03:28
Good morning, I woke up at three in the morning and realized that the essence of Wallet evolution is the upgrade of the Liquidity Trap. From single chain to multi-chain and then to exchange hubs, to put it simply, users are being gradually trapped in a deeper Bots paradise. Miner tips, price impact, sandwich attacks, these things will only become more concealed after swap is built into the Wallet. Have you understood the logic of midnight Arbitrage? The more Wallets resemble exchanges, the easier it is for users to be eaten. I bet five bucks that by 2025, the biggest profits won't come from the Wallet itself, but from players who know how to create price impacts within the Wallet. Wait, these so-called "business capabilities"... could it be that they are just helping CEX and DEX to suck blood? One Arbitrage interval after another, quite regular. Making Wallets into aggregators sounds safer, but it actually just jumps all the pitfalls from one place to another, saving time. Truly brilliant. Choosing a Wallet based on security mechanisms? Ha, in the face of gas wars, any mechanism is useless, the key is whether your opponent has better Bots.
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BankruptWorkervip
· 2025-12-21 03:27
Really, the wallet has rolled up like this now...
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OffchainWinnervip
· 2025-12-21 03:15
The wallet has evolved into a trading hub, which is quite impressive; this feeling of being controlled is something no one can escape from.
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AlphaWhisperervip
· 2025-12-21 03:13
In short, MetaMask is getting dangerous.
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