At the last sharing session in Japan, Binance announced not only to revamp the Web3 wallet but also to build it into the largest airdrop platform!
In this revision, the key phrase from the official side is 'less is more', with the core goal of simplifying Web3 operations and reducing the pain points of on-chain operations!
Through comparison, it can be found that the current layout of the wallet is almost identical to that of Binance Exchange:
This is crucial because once users' operating habits are established, any change will make users feel that the product is difficult to use, even if the product design is not at fault.
This change requires decisions from the management level, as seen in the top products of Web2 giants like Alipay, where changes in user operation logic can only be made through management decisions, because every change can lead to user loss.
Continuing to observe, each menu item is quite similar to the logical layout of the exchange, the only difference is that the exchange's 'contract' has been replaced with 'discovery' in the wallet.
And this discovery page, by default, presents the entry to the Binance Wallet airdrop section to users. It is important to know that contract trading is the largest source of income for every exchange; the fact that airdrops and contracts are in the same position in the layout also proves the importance of airdrops!
To celebrate the wallet upgrade, Binance launched an airdrop carnival worth over $5 million, lasting for several weeks. After reading this article, hurry to check out the discovery section!
Another key point mentioned in the sharing session is the 'unified wallet,' which is Pipi's favorite aspect!
This is an important improvement in asset management, especially for users with multiple wallets.
For example, all these wallets of Pipi have USDT. In the wallet interface, all USDT from different wallets will be aggregated and displayed. When clicked, it will show how much USDT each wallet has.
This corresponds to the classification of currencies in the assets of Binance Exchange, clicking on the currency temporarily distributes them into spot, contract, or wealth management accounts; it truly feels good to have a seamless experience, and the learning cost of the software has been reduced.
For example, every time Pipi wants to find out which wallet a certain cryptocurrency is in, he always has to switch between multiple wallets, which is indeed quite painful.
For example, if you want to find a wallet that has USDT, you need to look through multiple wallets. For this matter, Pipi even wants to use the binary search method used in programming. 🤣
➤ Next, let's expand the field!
▪️ Binance Wallet will be built into the largest airdrop platform; what does this mean?
The first to be impacted will be projects that originally focused on task platforms and airdrops as their core business. Binance has a huge attraction for both project parties and users. Projects like Galxe, Layer3, and QuestN cannot resist user loss, which is one of the reasons for their transformation. Pipi has written an analysis on Galxe's transformation into the full-chain network Gravity, which led to his investment doubling, but the subsequent advice is to refrain from entering the market until the transformation shows results.
For insights on the task platform, see the analysis of Galxe, check out this article 🔻
https://www.binance.com/zh-CN/square/post/10959349994849
▪️ Is the unified wallet the final form?
Pipi believes it is not, after all, the current multi-chain layout is quite confusing. The unified wallet effectively solves existing problems, but the multi-chain gas situation remains unresolved. This needs to be addressed through chain abstraction and intent. Pipi boldly predicts that the Binance wallet will evolve into a chain abstraction/intent wallet in the future!
For insights on the complexities caused by multi-chain user operations, as well as liquidity fragmentation and user fragmentation, see this article 🔻
https://www.binance.com/zh-CN/square/post/12912643643178
🔔 Finally, everyone should pay more attention to Binance Wallet's efforts in airdrops; a single wallet's airdrop of a bowl of pig's trotter rice is definitely not a problem!
⚠️ The Binance App needs to be upgraded to the highest version. If you encounter X tasks that cannot be completed, remember to enable global magic, and it's best to choose Taiwan as the node.