{"id":24654,"date":"2025-05-01T08:31:35","date_gmt":"2025-05-01T08:31:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24654"},"modified":"2025-05-01T08:31:35","modified_gmt":"2025-05-01T08:31:35","slug":"multi-wallet-usage-up-16-but-ai-may-address-crypto-fragmentation-gap","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24654","title":{"rendered":"Multi-wallet usage up 16%, but AI may address crypto fragmentation gap"},"content":{"rendered":"
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\"Multi-wallet<\/p>\n

Fragmentation and complicated user experience remain two of the most significant obstacles to cryptocurrency\u2019s mainstream adoption, according to a new industry report. Most users now use at least two wallets to manage their cryptocurrency investments.<\/p>\n

The\u00a0lack of interoperability<\/a>\u00a0across blockchains means users need to create\u00a0multiple wallets<\/a>\u00a0to interact with different networks, with users having at least two wallets rising by 16% over the past year. <\/p>\n

According to a research report<\/a> published by onchain user experience platform Reown and crypto intelligence firm Nansen, 62% of crypto users reported using at least two wallets over the past three months, up from 45% in 2024.<\/p>\n

More than 18% of respondents said security was their top concern related to wallet use, while 10.6% cited poor user experience as the biggest issue.<\/p>\n

\"Multi-wallet
Wallet usage over the past 3 months. Source: Nansen, Reown<\/em><\/figcaption><\/figure>\n

Related: <\/strong><\/em>Bitcoin volatility lowest in 563 days, Hayes predicts $1M BTC by 2028<\/strong><\/em><\/a><\/p>\n

AI integration may be next \u201cbreakthrough\u201d for crypto wallets<\/h2>\n

\u201cWe\u2019re at a pivotal moment in the evolution of wallet UX,\u201d according to Eowyn Chen, the CEO at Trust Wallet. \u201cThe next wave of users, especially those coming from traditional Web2 or emerging markets, are bringing new expectations that challenge how we design tools and interfaces.\u201d<\/p>\n

Chen said wallets are shifting from asset storage tools to becoming the primary gateway to Web3 services, including digital identity, financial products, governance and gaming.<\/p>\n

\u201cThat\u2019s why we see wallets evolving into intelligent, personal companions \u2014 tools that not only hold your assets, but understand your behaviour, preferences, and needs,\u201d she said.<\/p>\n

Chen added that integrating artificial intelligence agents<\/a> could help users navigate Web3 as easily as they shop online, while also reducing risks from scams such as phishing attacks<\/a>. These scams typically involve tricking victims into sending assets to fake wallet addresses.<\/p>\n

The need for more robust wallets became more apparent after an unknown attacker stole $330 million<\/a> worth of Bitcoin (BTC<\/a>) in a social engineering scam from an elderly US citizen<\/a>, Cointelegraph reported on April 28.<\/p>\n

Related: <\/strong><\/em>Crypto hackers hit DeFi for $92M in April as attacks double from March<\/strong><\/em><\/a><\/p>\n

Mobile wallets dominate, hardware wallet usage on the rise<\/h2>\n

Out of the 1,000 surveyed participants, 51% of users preferred using a mobile wallet, down from 54.8% in 2024.<\/p>\n

\"Multi-wallet
Mobile vs hardware wallet usage. Source: Nansen, Reown<\/em><\/figcaption><\/figure>\n

Only 10% of the respondents preferred using a hardware wallet, up from just 7% a year ago, signaling that hardware wallets are slowly gaining traction among more advanced crypto users. However, only 3% of new investors reported using a hardware wallet.<\/p>\n

Social wallets, which are connected to a user\u2019s email or other social account and require no seed phrase, have \u201ctransformed onboarding,\u201d and are at the \u201cforefront of UX innovation, quickly adopting technologies like passkey signers and gas abstraction,\u201d according to Derek Rein, chief technical officer at Reown. He added:<\/p>\n

\u201cCrucially, they prioritize simple, easy design, users shouldn\u2019t need to understand gas tokens or chain switching just to transact.\u201d<\/p><\/blockquote>\n

\"Multi-wallet
Sentiment around social wallets. Source: Nansen, Reown\u00a0<\/em><\/figcaption><\/figure>\n

However, users are still hesitant, with 39% of surveyed respondents saying that improved security and trust would help them adopt social wallets.<\/p>\n