Progress Update | 2023/02/10 – imToken - Ethereum Wallet, Bitcoin Wallet - Help Center

2022 Year in Review

Over the past year, imToken faced industry-wide events such as the LUNA crash, The Ethereum Merge, Devcon VI, and FTX's bankruptcy, which had a significant impact. Despite the challenging climate, it presents an opportunity for experience and robust development during the difficult winter.

In 2022, imToken had achieved several milestones:

Released 11 version updates, continuing to build an easy-to-use, secure and reliable wallet for everyone.
Held 7 different themed Learn and Earn campaigns, leading tens of thousands of participants to learn about Layer 2, Ethereum Merge, NFTs, etc.
Attended Devcon VI and ETHVietnam conference, and shared valuable insights.

For further details on imToken's achievements in 2022, please see our 2022 Year in Review.

Observation of the new year

Following January 2023, there was a general uptick in the cryptocurrency market, with considerable growth in Layer 2 and LSD (Liquid Staking Derivatives) digital assets. As a result, these assets gained more attention within the market.

Layer 2

Layer 2 inherits security from Ethereum and offers lower fees, so there is a growing interest in the two major Layer 2 projects: Optimism and Arbitrum. Optimism has utilized its token economics to provide robust support for public projects in its ecosystem, while the emergence of two exceptional projects on Arbitrum, GMX and MAGIC, has renewed people's enthusiasm for Layer 2.

A step-by-step tutorial on how to participate in Layer 2 on imToken has been prepared for you.

Layer 2 Concept and Tutorial

LSD (Liquid Staking Derivatives)

With the upcoming Ethereum Shanghai Upgrade in March, investors will be able to withdraw staked ETH principal and profits. In light of this development, projects like Lido and Rocket Pool related to Layer 2 solutions are gaining market attention.

If you're interested in ETH staking, please refer to The pros and cons of different ETH staking solutions

Tech for Innovation Event

At the Tech for Innovation event hosted by Alibaba Cloud, Chuck Ko, imToken's VP, gave an outstanding speech on "Payment Break Through the Encirclement," where he shared his perspectives on payment integration, user supremacy, and next five-year vision. To learn more about the speech, click here.