Hanoi, Vietnam – July 2nd, 2024: SubWallet, a leading wallet solution for the Polkadot ecosystem, recently made significant updates to its platform. These updates include the support for the Polkadot <> Kusama bridge and the Polkadot <> Ethereum bridge on its browser extension. Additionally, the integration of the Asset Conversion pallet on its web dashboard allows users to swap between DOT, USDT, and USDC on the Polkadot Asset Hub network. These updates expand the use cases of the Polkadot ecosystem and SubWallet is proud to be the first to support them on its sleek user interface with an easy user experience.
The second quarter of 2024 has seen a number of long-term developments in the Polkadot ecosystem moving into the production and launch phase. Notably, the Polkadot <> Kusama bridge and the Polkadot <> Ethereum bridge have been in the works for several years. These bridges differ from the majority of current bridges as they are fully trustless, significantly reducing risks. Users can now securely bridge DOT and KSM between the Polkadot Asset Hub and Kusama Asset Hub, as well as swap several tokens including WETH and WBTC between the Polkadot Asset Hub and Ethereum.
Another highlight of Q2 2024 is the Asset Conversion pallet on the Polkadot Asset Hub. This feature allows for swapping between assets registered on the network. The Polkadot Asset Hub has been designed to become the liquidity hub of the entire ecosystem, and the launch of the Asset Conversion pallet is a crucial step towards realizing that vision.
While these updates are innovative and pivotal, they can be inaccessible to users without a clean user interface and friendly user experience. This is where SubWallet comes in. With 2.5 years of experience in building a user-friendly wallet for the Polkadot ecosystem on various platforms, SubWallet is the first wallet to integrate the two bridges and the Asset Hub swap. With over 1.6 million downloads and 800,000 active users and devices as of June 2024, SubWallet has established itself as a trusted and popular wallet solution.
The bridging feature is directly supported in the Transfer function, while the swapping feature is available in the Swap tab. The swapping process also includes cross-chain transfers, allowing users to seamlessly swap between different assets. For example, if a user wants to swap DOT to USDT on the Polkadot Asset Hub but only has DOT on Polkadot, SubWallet prompts the user to first transfer cross-chain from Polkadot to Polkadot Asset Hub before making the swap. This built-in cross-chain feature also applies when users try to liquid stake with SubWallet using DOT from the Polkadot relay chain. By integrating these features into a familiar user interface, SubWallet eliminates the need for users to navigate third-party apps or learn new flows from scratch.
The quick integration of these updates has received tremendous support from the community. The official Polkadot X account and numerous Key Opinion Leaders (KOLs) have reposted the announcements, generating even more excitement.
SubWallet is committed to onboarding more users to the Polkadot ecosystem and will continue to support new ecosystem updates as quickly as possible. Their goal is to provide users with an easy and seamless user experience to try out these features. To stay up-to-date with SubWallet’s latest updates, follow them on X.
About SubWallet:
SubWallet is the most used and comprehensive non-custodial wallet solution for the Polkadot, Substrate, and Ethereum ecosystems. With over 1.6 million installs and 800,000 active users and devices, SubWallet aims to bring users closer to Web3 and create a Web3 multiverse gateway. Their browser extension, mobile app, and web dashboard make it easier than ever to connect and use blockchain-based applications. SubWallet is backed by the Polkadot Treasury, Moonbeam Foundation, and Polkadot Alpha Program.
Contact:
Kate Ha
SubWallet Communications Officer
[email protected]
