Dan
@ddadybayo
1) Wallet Swap Revenue in 2025: Market Disruption Analysis š My latest analysis reveals dramatic shifts in market leadership and revenue projections for crypto wallets. Let's dive into the numbers...
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Dan
@ddadybayo
2) š° Revenue Leaders: MetaMask Dominance MetaMask has established clear dominance with $323M in total swap fees, dramatically outpacing Trust Wallet's $60M. But the 2025 forecast shows interesting trends. š® 2025 Forecast Breakdown: Trust Wallet: $87M (projected 45% growth) MetaMask: $73.8M (projected market contraction) @rainbow: $4.2M Coinbase Wallet: $5.9M Trust Wallet poised to potentially overtake MetaMask!
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Dan
@ddadybayo
3) š Daily Revenue Generators: Trust Wallet: $237,708/day MetaMask: $202,118/day @rainbow: $11,706/day Coinbase Wallet: $16,315/day Trust Wallet's daily earnings now exceed MetaMask - a significant shift from last year's dynamics. š YTD 2025 Performance: Trust Wallet has already collected $13.8M this year, while MetaMask shows $8.7M. This early performance supports the forecast of Trust Wallet potentially claiming market leadership by year-end.
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Dan
@ddadybayo
4) š± User Efficiency Metrics: Trust Wallet: ~$0.35 revenue per user (170M+ users) MetaMask: ~$10.77 per user (30M+ users) MetaMask generates more revenue from a smaller audience - but this is changing! š§© Market Evolution: The 2024-2025 shift suggests changing user preferences, with Trust Wallet's mobile-first approach gaining momentum as crypto adoption expands beyond traditional DeFi power users.
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Dan
@ddadybayo
5) š” Technological Growth Drivers: - Cross-chain integrations (THORChain, 1inch and Rango Exchange) - Native multi-chain support without bridges - Lower gas fees through route optimization š Regulatory Impact: Increasing regulatory pressure on exchange-connected wallets is benefiting independent solutions like Trust Wallet and MetaMask, driving users toward self-custody options.
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Dan
@ddadybayo
6) š Market Correlation: Swap revenue growth remains resilient despite crypto asset volatility, confirming strengthening infrastructure and increasing adoption across market cycles. š® Market Predictions: - Trust Wallet will likely surpass MetaMask in revenue by Q3 2025 - Mobile wallets will continue gaining market share - Cross-chain swap aggregators will become a strategic advantage
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Dan
@ddadybayo
7) š Coinbase Wallet: The Sleeping Giant? With just $21M in historical swap fees but $5.9M forecast for 2025, Coinbase Wallet shows potential for significant growth as it leverages its massive user base. š @rainbow's Hidden Potential: Despite modest $6.5M in historical revenue, Rainbow's focus on UX/UI and NFT capabilities could lead to unexpected growth as Web3 gaming and social applications evolve.
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Dan
@ddadybayo
8) š§ Key Takeaway: The wallet swap market is experiencing a fundamental shift, with Trust Wallet's trajectory suggesting a changing of the guard in 2025, emphasizing mobility and cross-chain capabilities. Here's the link to my dashboard - I'll be adding data on more wallets soon! https://dune.com/dadybayo/the-state-of-wallet-swap-revenue
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