Particle Network recently announced that it surpassed 15 million wallet activations, notably within a year of releasing its Wallet-as-a-Service (WaaS) V2. This rapid adoption underscores both the effectiveness of WaaS and the growing appetite for intuitive web3 onboarding systems.
Rapid Onboarding with WaaS
Within 12 months of launching WaaS, Particle Network’s milestone of 15 million activations was reached. This impressive figure suggests that the demand for straightforward web3 solutions is soaring. A significant factor propelling this surge in user numbers has been the integration of WaaS by many decentralized applications (dApps).
In the past year alone, over 800 dApps have leveraged the capabilities of Particle Network’s products, exposing their innovative web3 wallet to millions. WaaS has found integration in projects spanning from Xter.io and Hooked Protocol to ApeX and CyberConnect, among numerous others.
The influence of Particle Network’s WaaS isn’t limited to just dapps. The company’s web3 wallet has been seamlessly incorporated across multiple levels of the blockchain domain. Particle has cultivated strong alliances with major networks, including BNB Chain, Linea, Near, Sei, and zkSync. Intriguingly, above 70% of the most bustling projects on BNB Chain, such as CyberConnect and Hooked Protocol, have harnessed the prowess of WaaS. Besides, infrastructure collaborations have been established with prominent entities like Biconomy and Certik.
Gaming Sector’s Overwhelming Response
A noteworthy segment showcasing immense demand for WaaS is the gaming industry, accounting for a substantial 60% of all projects. Particle’s wallet solution is a game-changer, allowing novices to initiate in approximately 20 seconds, a vast improvement over the typical several-minute setup for standard web wallets. This efficiency positions WaaS as the top pick for multiple gaming enterprises venturing into web3.