New York City, NY, United States, 5th Jul 2023 – Martian Wallet, the self-custodial wallet that has become a leader in the blockchain ecosystem, is setting new standards in the industry. With over 1.5 million installs and more than $300 million processed in transactions over the last few months, Martian Wallet is positioned as a leading self-custodial wallet for the Aptos and Sui blockchains.
Notably, Martian Wallet is backed by prominent players including Race, Aptos, Jump, and Superscrypt.
Utkarsh Sinha, co-founder & CEO of Martian Wallet, and an alumnus of Columbia University, previously associated with McKinsey, shared his thoughts on the company’s growth. “At Martian, our growth is testament to the robust technology and processes we’ve put in place. Raising more than $3 million in funding and reaching over 1.5 million installs, is not just a milestone, but a sign of trust that we have earned through technical excellence. We believe in creating a seamless user experience while striving to improve security and privacy,” said Sinha.
Siddharth Jain, co-founder of Martian Wallet, also emphasized the company’s commitment to innovation. “At the heart of Martian is an unwavering commitment to technical innovation. With over $300 million in transactions processed, we’ve proven that our technology not only works, but it can scale and adapt to ever-evolving market needs. We’re working on cutting-edge technologies like Multi-Party Computation to make the Martian experience smoother and more secure,” said Jain.
As Ethereum has been the dominant player in the blockchain space, it is facing competition from emerging blockchains like Aptos and Sui. Sui is a permissionless Layer 1 blockchain designed to cater to the next billion users in web3. It employs a Block-STM approach, which enables fast transactions with sub-second finality at extremely low gas fees.
Martian Wallet is uniquely positioned to capitalize on these new players, as it is the default wallet for the Move ecosystem and supports both Aptos and Sui. This places Martian Wallet at the center of an ecosystem that is challenging Ethereum’s dominance.
Ethereum has long been favored for its smart contract capabilities and has played a significant role in the proliferation of decentralized applications. However, the challenges of high gas fees and scalability issues are paving the way for alternatives like Aptos and Sui.
Martian Wallet’s emphasis on security and privacy, including non-custodial services where users have complete custody of their private keys, is a part of its appeal. Additionally, Martian Wallet’s support for NFT management and minting, as well as token staking, demonstrates a commitment to a broad spectrum of blockchain applications.
As the blockchain space continues to evolve, Martian Wallet’s commitment to innovation, security, and user experience is setting the stage for the next wave of blockchain adoption.
Media Contact
Organization: Martian Wallet
Contact Person: Frederik Bussler
Website: https://martianwallet.xyz/
Email: support@martiandao.xyz
City: New York City
State: NY
Country: United States
Release Id: 0507234544