Hanoi, Vietnam, July 2nd, 2024,
Chainwire
In the last two weeks of June, SubWallet announced support for
Polkadot <> Kusama bridge and Polkadot <> Ethereum
bridge on its browser extension, followed by the integration of the
Asset Conversion pallet on its web dashboard that allows swapping
among DOT, USDT, and USDC on the Polkadot Asset Hub network. These
bridges and swaps are important updates that expand use cases of
the Polkadot ecosystem, and SubWallet is the first to support them
on a sleek UI with easy UX.
Polkadot Expands Ecosystem Use Cases
The second quarter of 2024 has witnessed many long-term
developments in the Polkadot ecosystem moving into the production
and launch phase. Notable among those are the Polkadot <>
Kusama bridge and the Polkadot <> Ethereum bridge, both in
the works for a few years now.
Unlike the majority of current bridges which are centralized to
some extent, the Polkadot bridges are fully trustless and thus
significantly reduce risks. For now, users can securely bridge DOT
and KSM between Polkadot Asset Hub and Kusama
Asset Hub, and several tokens including WETH and WBTC between
Polkadot Asset Hub and
Ethereum.
Another highlight in Q2 2024 is the Asset Conversion pallet on
Polkadot Asset Hub that allows swapping between assets registered
on the network. Ever since its inception, Polkadot Asset Hub has
been wired to become the liquidity hub of the entire ecosystem, and
the Asset Conversion pallet going live marks the crucial first step
towards realizing that vision.
SubWallet Elevates Polkadot UX
Innovative and pivotal these updates are, they appear
inaccessible to users without a clean UI and friendly UX. That’s
where SubWallet comes in. With 2.5 years of experience building a
user-friendly wallet for the Polkadot ecosystem on three platforms,
including browser extension, mobile app, and web dashboard with
1.6M+ downloads and 800K+ active users and devices as of June 2024,
SubWallet is the first wallet to integrate the two bridges and
Asset Hub swap.
“As a proactive agent in the Polkadot ecosystem, we
follow ecosystem updates closely and are always one of, if not, the
fastest to provide support. Polkadot has long been deemed
unfriendly to users, and it’s our responsibility as the first touch
point to change this belief. Bridging and swapping are crucial
components of a flourishing DeFi landscape that Polkadot is heading
towards and we want users to have the smoothest and easiest
experience with SubWallet.” — Hieu Dao, Co-founder & CEO of
SubWallet.
Bridging
is supported directly in the Transfer function and swapping in the
Swap tab. Cross-chain transfer is embedded in the swapping process:
if a user wants to swap DOT to USDT on Polkadot Asset Hub but only
has DOT on Polkadot, SubWallet prompts the user to first transfer
cross-chain from Polkadot to Polkadot Asset Hub, then make the
swap. This built-in cross-chain feature also applies when users try
to liquid stake with SubWallet with DOT from the Polkadot relay
chain. This way, users can easily try out new features on a
familiar UI/UX without having to navigate a third-party app and
learn a new flow from scratch.
The quick integration received enormous support from the
community. The official Polkadot X account reposted the
announcements, followed by numerous KOLs making reposts.
With the mission of onboarding more users to the Polkadot
ecosystem, SubWallet will continue to support new ecosystem updates
as quickly as possible so that users will have an easy UX to try
out these features. Follow them on X to stay up-to-date!
About SubWallet
With 1.6M+ installs and 800K+ active users and devices,
SubWallet is the most used and most comprehensive non-custodial
wallet solution for Polkadot, Substrate & Ethereum ecosystems.
With the mission of bringing users closer to Web3, we envision a
Web3 multiverse gateway through which users can enjoy multichain
services with utmost ease and absolute security. Connecting and
using blockchain-based applications is smoother than ever with
SubWallet Browser Extension, SubWallet Mobile App, and SubWallet
Web Dashboard. SubWallet is backed by the Polkadot Treasury,
Moonbeam Foundation, and Polkadot Alpha Program.
Contact
CGO
Kate
Ha
SubWallet
kate@subwallet.app