💛 Section 1: Homepage

1.1 Provide more wallet options, not limited to MPC

Ease of importing wallets into other PC wallets for dApp connectivity is important for experienced users.

As an experienced user, I'm looking for a decentralized wallet that offers easy import functionality across different PC wallets. However, I have concerns about the MPC wallet's ability to facilitate smooth imports and potential risks associated with importing private keys into a new wallet.

The information provided on the page only mentions that the action cannot be undone, without specifying the actual consequences. As a result, I'm hesitant to transfer a significant amount of assets into the wallet. While I am aware that I can use it with Binance's endorsement, the uncertainties surrounding the MPC quality of the wallet discourage me from using it frequently. Hence, I have refrained from making any deposits into the wallet thus far.

👉 Suggestion: Increase wallet options to cater to user preferences

-> A difficult-to-“move” MPC wallet may deter experienced users from using the Binance Web3 wallet.

1.2 Advanced: introduction of AA wallet

I tried the AA wallet when OKX Wallet launched it. Although it was initially challenging for new users to navigate, the process of creating an AA wallet was relatively straightforward. OKX Wallet allowed me to satisfy my basic needs of AA wallet, a trending topic in the space, and explore its capabilities before its corresponding application gained widespread popularity. In contrast, the Binance Web3 wallet offers limited opportunities for enthusiasts to engage in extensive exploration.

👉 Suggestion: Develop and launch AA wallet feature

-> Provide users with the choice to delve deeper into its functionalities and expand their horizons

1.3 Multiple wallet creation

Upon clicking the "+" symbol on the screen, I discovered that the Binance Web3 wallet only allows the creation of a single wallet, which I find to be quite limiting. Typically, I prefer to have at least two wallets within a single app. As a loyal user, I usually transfer my assets into a primary wallet to make conservative investments across various dApps. Simultaneously, I like to create a secondary wallet to take more risks and explore new projects. Occasionally, I may even require a third wallet to test websites with potential risks. The absence of multiple wallet creation options in the Binance Web3 wallet becomes bothersome for me.

👉 Suggestion: Enable users to create multiple wallets within the app to cater to their diverse needs and preferences.

1.4 PFP customization

The current options for customizing my profile picture (PFP) are quite limited, and the meanings behind these choices are often difficult to comprehend.

👉 Suggestion: Enable users to set our own PFP with images or NFTs

-> Provide users with a wider range of personalization options, enhancing user satisfaction and allow for greater expression of individuality within the platform

1.5 Wallet import options

The UI for importing wallets in the Binance Web3 wallet is currently quite basic. It would greatly benefit from the inclusion of additional options to provide users with more choices. Two common methods that should be considered are iCloud integration and importing via private keys. It is worth noting that the Binance Web3 wallet already enables users to back up their wallets using iCloud. Therefore, it would be advantageous to allow users to import wallets directly from iCloud as well.

Additionally, some wallets provide users with word choices as they enter partial words, which enhances the user experience and reduces the chances of errors.

👉 Suggestion:

• Add additional ways to import wallet: iCloud / private keys

• Optimize the UI of importing wallet

1.6 Wallet deletion option

In situations where a wallet has been compromised by scammers or contains risky records, it is crucial for users to have the ability to transfer all their assets to a new wallet and delete the hacked one. In such cases, the absence of a wallet deletion option becomes problematic. I can delete imported wallet, but not the MPC one. It’s suggested to add explanation of why the MPC wallet cannot be deleted.

1.7 Too many features limited by Backup

When clicking on the "Receive, Transfer & More" section, the presence of the "Back Up Now" pop-up window poses a barrier to utilizing the features within the wallet. This is a common occurrence across different wallets. When trying out a new wallet, it is important for users to have the opportunity to explore its features extensively before depositing any crypto assets. However, the requirement to back up the wallet creates limitations and inhibits further exploration.

👉 Suggestion: Reduce the barriers associated with the backup process and allow users to have a greater freedom in exploring the various features of the wallet.

-> One way to achieve this could be by incorporating a more prominent reminder to back up the wallet on the homepage, making users aware of the importance of this step while still providing them with the flexibility to explore and experiment with the wallet's functionalities.

1.8 Send/Receive/Transfer confusion

In a decentralized wallet, the usual options are limited to "Send" and "Receive" since they represent the two primary actions related to assets - sending and receiving. Consequently, when I encountered the "Transfer" option on the homepage, it initially caused some confusion. Though "Transfer" in Binance Web3 wallet serves the same purpose as “Send”, it indeed is very convenient to make transfers between the DEX wallet and the CEX wallet.

(Optional) Suggestion: Integrate the "Transfer" functionality into the "Send" option

1.9 Simplify the “More” section

As a wallet user, I prioritize having access to the essential wallet features and important gateways on the homepage. However, upon checking the "More" section, I find it overwhelming with excessive information.

👉 Here are some specific suggestions to optimize the "More" section:

Networks: Since the network change can be conveniently accessed in the asset zone, there is no need to duplicate it in the "More" section. It can be removed from there as it is not of significant importance.

Connect dApps: The function to connect with various dApps is more relevant when exploring different dApps. Therefore, it can be excluded from the "More" section to declutter the homepage.

Approvals: A more practical approach would be to place the approvals feature beside the tokens on the homepage. This allows for easier access and management.

FAQ: Experienced users may not require detailed instructions, while new users may not fully understand the information by directly reading the articles on the page. To address this, it is suggested to include a clear entry for the FAQ section, usually within the wallet settings. This ensures that users can easily access and refer to the necessary instructions when needed.

-> By implementing these changes, the "More" section can be transformed into a simplified and easy-to-access area for important features.

1.10 Copy button for CA

When clicking on the "!" icon on the page, it leads to the page of token introduction and contract address (CA). While the contract address is already displayed, it would greatly enhance the user experience to have a convenient "COPY" button available. This button would allow users to effortlessly double-check and verify the CA without the risk of manual errors when copying it.

👉 Suggestion: Add copy button for CA

1.11 Wallet not recognizing backup on homepage

After completing the wallet backup, it is clearly displayed on the Wallets page with “Backed Up”. However, upon returning to the homepage and attempting to access the areas that were previously disabled by the backup process, a message stating that the wallet has not been backed up is still shown. This issue is a bug that needs to be addressed and resolved. For a better understanding of the problem, you can refer to the video provided in the Google Drive.👇

https://drive.google.com/file/d/106eAFGiLbZb2TKNGP-w9jh41xO59MUO9/view?usp=sharing

1.12 Inability to find ENS domain addresses on Send page

When accessing the sending page, the option "Address or Domain Name" is displayed, suggesting that domain names are supported for transactions. However, upon entering an ENS domain name, the wallet fails to locate the corresponding address.

👉 Suggestion: Explicitly indicate the types of domain names that are supported within the wallet

💛 Section 2: Markets

💎 Sub section 1: Inscriptions

2.1 Default page for “Markets”

I have noticed that Binance Web3 wallet has been actively promoting the inscription market recently, particularly through channels like Twitter. I was genuinely impressed by the promotions and decided to explore the inscription market within the wallet. However, I find it puzzling that when users click on "Markets," it does not default to the "Inscriptions" page.

Considering the significant effort put into promoting the “Inscription” market, it would be more user-friendly to set the "Inscriptions" page as the default page when users click on "Markets." This would make it easier for users to directly access and explore the inscription market, aligning with the promotional efforts and enhancing the overall user experience.

👉 Suggestion: Make the "Inscriptions" page more accessible to users within the app by setting it as the default page when clicking on “Markets"

-> Streamline the user journey and ensure that users can effortlessly explore and engage with the inscription market.

2.2 Additional BRC-20 token information

When trading BRC-20 tokens with the goal of short-term profit, liquidity becomes a critical concern. In addition to monitoring trends on social media and other channels, it is essential to have access to comprehensive analysis information. This includes details such as price history, previous transaction history, and other indicators. These pieces of information allow me to ensure that I can buy at a favorable price and have the ability to sell when desired, with a satisfactory level of liquidity.

I appreciate the display provided by the OKX wallet, as it offers a wealth of token details that assist me in making informed investment decisions. Furthermore, the OKX wallet separates my listings and activity, which proves to be highly convenient, especially in low liquidity markets. This separation allows me to easily check the current status of my listings.

👉 Suggestion:

• Incorporate more comprehensive information for BRC-20 tokens, including features such as price history and previous transaction history

• Implement a separate display for listings, making it convenient for sellers to track and manage their current status

💎 Sub section 2: Crypto

2.3 Optimizing token display

The current display of tokens in the “Hot” zone appears to be centralized and not aligned with the preferences of Web3 users. Many of the tokens featured in this section are popular coins on centralized exchanges (CEX), such as ADA and BCH. To better cater to the needs and interests of Web3 users, it is crucial to adjust the display logic of tokens and make it more suitable for decentralized finance (DeFi) users.

To address this issue, I suggest optimizing the Crypto section to reflect a more decentralized approach. This can be achieved by categorizing tokens according to hot ecosystems within the Web3 space, such as Solana or AI. By featuring tokens that are highly relevant to the Web3 and DeFi communities, users will have a more tailored and engaging experience within the wallet.

👉 Suggestion:

• Optimize the token display in a more decentralized way

• Categorize tokens based on hot ecosystems like Solana or AI

-> Enhance the wallet's appeal to the Web3 community and provide users with a more relevant and engaging token selection.

💛 Section 3: Swap

3.1 Risky unlimited approvals

When granting approvals on the Swap page, the default setting for the quantity is set as unlimited, which poses a significant risk to users' assets and security.

👉 Suggestion: Empower users to set token approval amounts

-> Reduce the potential for unauthorized or unintended transactions

💛 Section 4: Earn

4.1 Improving recommendations in “You May Be Interested In”

The current layout of the Earn page seems to be lacking in terms of user appeal and high returns for Web3 users. Despite reviewing the details, I noticed that the top recommended tokens offer very low returns. This is particularly disappointing for Web3 users, with BNB, ETH, and BTCB displaying APYs of just 0.03%, 1.44%, and 0.01% respectively.

👉 Suggestion: Manage the top section of the Earn page more effectively to provide users with better recommendations

-> This entails featuring tokens with more attractive APYs that align with the interests of Web3 users. By highlighting tokens with higher potential returns, the Earn section becomes more appealing and enticing for experienced users.

4.2 Support for more chains

It is crucial to expand the range of supported chains in the lending section. Currently, there are only TWO chains supported, which limits the choices available to users. For example, on the BNB Chain, only the first two stablecoins offer significant APYs, while the others generate relatively low returns. Similarly, on the Ethereum chain, although there may be more options with high APYs, users often face high gas fees that reduce the overall appeal of the chain.

👉 Suggestion:

• Expand the selection of tokens with high APYs in the "Earn" section

• Add support for more chains to provide users with more choices

-> By implementing these suggestions, the Earn section can become more appealing to experienced users, offering a wider selection of tokens with attractive APYs across multiple supported chains.

💛 Section 5: Discover

5.1 Trending dApps: Just a dApp list, no trending info

The current "Trending DApps" section lacks effective information to assist users in further exploring the listed dApps. It is currently only useful if I already know which specific dApp I want to invest in. However, as a wallet user, I would greatly appreciate it if the wallet could recommend trending dApps to me. This would encourage me to explore and engage more within the wallet app. The section should present dApps that align with the current trends, as suggested by the section title, such as dApps in the Solana ecosystem or AI dApps.

👉 Suggestion: Optimize the display of dApps and providing users with a clearer trending guide

-> Add more sub-sections that focus on HOT dApps within specific categories

5.2 Popular Collections: Too much info, actually no info

The current "Popular Collections" section is the only NFT section I have found in the app. However, I find it to be overwhelming with too much information and, paradoxically, lacking in relevant details. It is evident that an upgrade is needed to improve the user experience.

👉 Suggestion: Consider finding a better way to display NFT information if it's not a key focus area for the wallet.

5.3 Additional Tools section (Optional)

The current section lacks useful tools that can enhance the user experience. It would be beneficial to incorporate additional tools that allow Web3 users to perform actions such as revoking approvals or participating in airdrops on various platforms.

Suggestion: Consider the addition of a dedicated "Tools" section -> Provide users with a range of helpful tools that streamline their interactions with different platforms and enhance their overall usability

5.4 Event & airdrop center

Binance Web3 wallet hosts various ongoing events, but I couldn't locate a dedicated section to access information about past events and ongoing ones. This lack of a centralized event hub makes it inconvenient for users like me, as I have to resort to checking social media platforms instead of being able to access all event-related information within the app.

👉 Suggestion: Create an event or airdrop center within the wallet

-> This centralized hub would serve as a comprehensive resource for users to stay updated on past and ongoing events, including airdrops.

5.5 Wallet bug on connecting to Radiant dApp, requiring re-entry

When attempting to access the Radiant dApp and clicking on the "Binance Wallet" option to connect, the wallet abruptly switches back to the homepage instead of establishing a connection. Upon tapping "Continue," the dApp successfully connects, but the wallet remains on the homepage. To access the dApp, I have to switch to the "Discover" section and re-enter the dApp. This issue requires resolution, as it disrupts the seamless user experience.

5.6 Inaccurate count of connected dApps in "More" Section of homepage

Despite successfully connecting the wallet to multiple dApps, the "More" section of the homepage only displays a count of one connected dApp. This discrepancy results in an inaccurate representation of the number of connected dApps. It is crucial to rectify this bug and ensure that the displayed count accurately reflects the actual connected dApps.

Others:

Notification center

Binance Web3 wallet currently lacks a notification center, making it challenging to find and review past messages. As a user, I am unable to locate a centralized location within the wallet to access notifications and check for any missed or previous messages.

👉 Suggestion: Add a notification center directly into the Web3 wallet for users to access and review past messages

Social media content: Diversify content & partnerships

Binance has likely formed partnerships with numerous projects across the crypto space, and it's important to highlight that the BRC-20 or Bitcoin ecosystem is just one of the many hot trends. However, I have noticed that the majority of the content on the Binance Web3 wallet's Twitter account revolves around BRC-20. To provide a more diverse and engaging experience, it would be beneficial to expand partnerships in other areas and introduce a wider range of airdrop events associated with different ecosystems.

👉 Suggestion:

• Focus on enriching the Web3 space with a diverse range of content

• Actively seek partnerships in various ecosystems and regularly rolling out airdrop events associated with different projects and platforms

-> By involving diversified content & partnerships, the wallet can avoid appearing monotonous and ensure that users are exposed to a broader spectrum of trends and projects within the crypto industry

This February is destined to be a unique one with the BLAST-off.

🟡 What is Blast?

Blast is an Ethereum Layer-2 (L2) platform created by the same talented team behind Blur, a leading NFT marketplace protocol that shared the top marketplace ranking by volume with OpenSea.

Under the leadership of Pacman, a notable figure in the blockchain community, and a team experienced in DeFi and Web3, Blast aims to transform the L2 space with its unique offerings and revolutionary technology.

🔹 What sets Blast apart from other Layer2s?

Blast is the first L2 that incorporates native yield, with balance on Blast compounding automatically. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. The default interest rate on other L2s is 0%. On Blast, it's 4% for ETH and 5% for stablecoins. Additionally, community members who join Blast will have the opportunity to earn the Blast Airdrop.

🔹 How Blast works?

Auto Rebasing: Blast introduces a unique feature where ETH is natively rebasing on the L2. The ETH balance for EOAs automatically rebases, and smart contracts can opt-in to this rebasing. Besides, Blast’s native stablecoin, USDB, also undergoes automatic rebasing for EOAs and smart contracts, with the latter having the option to opt-out from this rebasing.

L1 Staking: In the future, the Blast community will have the power to supplement, or even fully replace, Lido with Blast-native solutions or other third-party protocols.

T-Bill Yield: Users who bridge stablecoins receive USDB, Blast’s auto-rebasing stablecoin. The yield for USDB comes from MakerDAO’s on-chain T-Bill protocol. In the future, the Blast community will have the power to supplement, or even fully replace, MakerDAO with Blast-native solutions or other third-party protocols.

Gas Revenue Sharing: Unlike other L2s, Blast redistributes net gas revenue back to dApps programmatically. dApp developers can keep this revenue for themselves or use it to subsidize gas fees for users.

🔹 TVL of Blast

Blast’s TVL currently stands at $2.1 billion, marking an increase of more than 2,200% since the bridge protocol's initial launch on November 22, as reported by DefiLlama.

A significant portion of this value is contributed by users who are locking their Ethereum into the protocol in anticipation of future Blast token airdrops. The protocol team has announced that the airdrop is scheduled for May.

The upcoming airdrop has garnered considerable interest among airdrop hunters, especially since the project Blur, founded by Pacman, has previously executed the fifth-largest airdrop in Ethereum's history.

🔹 Financial Information

Regarding fundraising, Blast successfully completed a $20 million seed round on November 21, 2023. The round was led by Paradigm and Standard Crypto, with additional participation from eGirl Capital, Manifold Trading, and notable individuals in the crypto space such as Andrew Kang, Hasu, Larry Cermak, Santiago R. Santos, Dovey Wan, Foobar, Cole Petersen, Hsaka, icebergy, and gainzy.

🟡 Blast Big Bang Winners

🔹 What is Blast Big Bang Competition?

Blast Big Bang Competition invited developers and innovators to explore the capabilities of their Layer 2 solution, emphasizing native yield for both ETH and stablecoins. Participants were encouraged to leverage the platform to create innovative decentralized applications (DApps) that take advantage of Blast’s auto-rebasing mechanism and unique features.

The competition concluded on February 24 with an impressive turnout of 3,000 teams and 47 winning projects. The team expressed their delight on Twitter, highlighting the high quality of submissions. As a result, they’ve reserved an additional airdrop allocation for all participating teams. Non-winning teams will be eligible to claim the airdrop in May, while winning teams will receive the largest allocation to date. This shows the generosity of the Layer 2 platform.

The participating projects have been categorized into four groups, winners, runner ups, honorables and participants. Here’s an official breakdown of how the Blast developer airdrop will be allocated, including Mainnet dApps.

🔹 What are the winners?

Among the 120+ projects disclosed by Blast, my focus will be on the category of winners, which include 47 projects. Infrastructure, NFTs/Gaming, and lending projects rank at the top among them.

Below is a rundown of all the projects. Most of them are still in the early stages of development. DeFi degens and airdrop hunters can explore the opportunities presented by these new projects. However, always remember to DYOR before making any investment decisions.

Due to the large number of projects, this article will specifically cover the sectors of Spot Dex and Perp Dex.

🔻 Spot Dex (5/47)

👉🌟 1/5 Ambient Finance

X: @ambient_finance (46K)

Token: Not issued

Key Financial Info: On July, 2023, Ambient Finance raised $6.5M in a seed round led by Blocktower Capital with participation from Jane Street, Circle, Tensai Capital, Naval Ravikant, Yunt Capital, Susa Ventures, Quantstamp, and Hypotenuse Labs, along with angel investors Julian Koh, llllvvuu, Dogetoshi, afkbyte, Jai Prasad, Don Ho, and others. (Details)

Before this, Ambient Finance has raised funds with 2 rounds, with funding not disclosed.

Intro: Ambient is an AMM that combines concentrated liquidity, fungible full-range xyk LP tokens, and pure on-chain limit orders into a common liquidity pool. Ambient is a singleton contract supporting hooks, dynamic fees, auto-compounding and gas savings.

Ambient has been deployed across three networks: Ethereum, Scroll, and Canto. As of now, its TVL has surpassed $30 million.

👉🌟 2/5 Thruster

X: @thrusterfi (59.2K)

Token: Not issued

Intro: Thruster is a degen-first, purpose-built DEX bringing the best of composable DeFi to Blast. For devs, Thruster has fair launch mechs and liquidity tools; for users, Thruster has the best LP yield opps, built-in analytics, & an easy trading experience.

Thruster will launch its points system soon to measure a user's contribution to the Thruster ecosystem to earn many more benefits. Stay tuned for more of the project.

👉 3/5 Bebop

X: @bebop_dex (44K)

Token: Not issued

Intro: Bebop was created and incubated at Wintermute. It’s an App and API suite that brings efficient and seamless spot crypto trading to everyone.

The most innovative feature of Bebop is that it enables users to sell multiple tokens in one transaction. Besides, Bebop has continuously refined its trading slippage and speed to provide the best trading experience for user.

👉 4/5 Mangrove

X: @mangrovedao (16.7K)

Token: Not issued

Key Financial Info: Mangrove secured $2.7 million in a seed fundraising round in 2021, which was backed by crypto trading titans including Wintermute Ventures and QCP. In 2023, Mangrove raised $7.4 million in Series A round, with Cumberland and Greenfield Capital co-leading the raise. CMT and Gumi Crypto Capital (gCC) also participated in the fundraising effort.

Intro: Mangrove is an orderbook DEX where LPs are able to restake liquidity sitting on other protocols. On Mangrove, code can be attached to offers posted on the orderbook, enabling the aggregation of all liquidity within Blast ecosystem and doubling yields. Mangrove has completed the audit of its smart contract by Nethermind, a leading auditor in the field. The team will distribute 100% 0f the Blast developer airdrop to Mangrove users.

👉 5/5 Ring Protocol

X: @ProtocolRing (10K)

Token: Not issued

Intro: Ring Protocol is a New Era Decentralized Exchange on Blast that maximizes asset utilization. Their spot DEX, Ring Swap, allows liquidity providers to earn swap fees and yields by staking underlying assets and/or RWAs.

🔻 Perp Dex (6/47)

👉🌟 1/6 SynFutures

X: @SynFuturesDefi (211.6K)

Token: Not issued

Key Financing Info: SynFutures has had significant funding rounds, with their Series B raising $22,000,000 led by Pantera Capital. In the Series A round, they raised $14,000,000 with Polychain as the lead investor. Additionally, their Seed round raised $1,400,000 with Dragonfly and Standard Crypto as the lead investors.

Intro: SynFutures is a Perp DEX with up to 100x leverage and native yield powered by Blast. Oyster AMM model = CLMM + On-chain Limit order. They are building a next-generation Web 3.0 decentralized derivatives infrastructure that operates across multiple blockchains.

The team behind SynFutures includes talented individuals like Matthew Liu, Wenni Cai, Mark Lee, and Rachel Lin. Each of them brings unique expertise to the project. As a winner of the Blast Big Bang Competition, SynFutures will give back 100% of their developer airdrop allocation to its users.

👉🌟 2/6 Blast Futures Exchange(BFX)

X: @BlastFutures (31.8K)

Intro: Blast Futures Exchange (BFX) is a fully integrated order book perpetual futures exchange with native yield. BFX offers an all-in-one trading platform with omni-chain liquidity and max efficiency. The team's dedication to community support is evident as they commit to distributing 100% of their developer airdrops, including the Big Bang winner allocation. Users can start earning BFX airdrop points right from day one, and further details will be disclosed soon.

👉 3/6 Blitz

X: @tradeonblitz (6.6K)

Intro: Blitz is Binance on Blast. Blitz is a self-custodial futures exchange, spot exchange, and money market with CEX-level performance. Blitz posted on Twitter that an independent Points Program has been confirmed and will be unveiled soon, with points drop, Blitz points and community points.

👉 4/6 100x Finance

X: @100xfinance (5.1K)

Intro: 100x is a low latency CLOB DEX built for Blast focused on scalability, capital efficiency, and liquidity. Blast users can trade pre-launch futures and perps on any asset with leverage on 100x.

👉 5/6 InfinityPools.finance

X: @InfPools (12.6K)

Intro: InfinityPools is a DEX that offers unlimited leverage on any asset with no liquidations, no counterparty risk and no oracles.

👉 6/6 Bloom

X: @BloomOnBlast (2.2K)

Intro: Perpetuals DEX offering 1 click / gasless trades, up to 50x leverage, and loss-rebates via rebasing yield. The team shared on Twitter that 100% of the developer airdrop they received will go to long-term LPs & traders.

Registration for Bloom early access is now open and all users can sign up for updates.

Disclaimer: The information provided is solely for informational purposes and should not be considered as financial advice. It is essential to DYOR before making any investment decisions.