Trust Wallet

Trust Wallet is one of the most widely used self-custody cryptocurrency wallets in the world, offering a non-custodial mobile and browser-extension wallet that supports over 100 blockchain networks, including Solana. Founded in 2017 and acquired by Binance in 2018, it has grown to serve more than 220 million users globally while maintaining the core premise that private keys never leave the user's device.

Origins and Ownership

Viktor Radchenko, a Ukrainian developer with a background in cybersecurity and mobile application development, launched Trust Wallet in 2017. The wallet initially focused on Ethereum ERC-20 and ERC-223 tokens before expanding its multi-chain support. Binance acquired Trust Wallet in July 2018 — its first-ever acquisition — recognizing the strategic value of a mature self-custody product. Radchenko stepped down in 2022, and Eowyn Chen was appointed CEO, leading the company through its most aggressive period of feature expansion and user growth.

Despite the Binance connection, Trust Wallet operates as a non-custodial product: Binance cannot access user funds or private keys. The wallet's design deliberately separates custody from the exchange relationship, positioning it as a wallet for the broader ecosystem rather than a Binance-exclusive tool.

Scale and Market Position

Trust Wallet claims the position of the world's number-one self-custody wallet by Monthly Active Users, holding approximately 35% MAU market share as of its 2025 year-end report. The 220 million user figure represents a more than tenfold increase from its 2022 base, reflecting both organic growth and the broader adoption of self-custody practices as centralized exchange risk became a focal concern in crypto markets. The app holds a 4.7-star rating on the App Store (from over 197,000 reviews) and a 4.6-star rating on Google Play (from over 2.5 million reviews).

Revenue grew 150% year-over-year in 2025, driven by swap fees, fiat on-ramp integrations, and the launch of premium financial products including perpetual futures trading and tokenized real-world assets.

Solana Support

Trust Wallet has supported Solana since early in the network's growth and continues to be one of the primary mobile wallets for SOL holders. Users can store, send, receive, buy, and swap SOL directly within the app, with the wallet maintaining full self-custody of Solana private keys. Fiat purchase of SOL is available in USD, EUR, GBP, and more than 100 other currencies via integrated third-party providers.

Solana staking is supported natively: users can delegate SOL to validators directly from the wallet without moving funds to an exchange or third-party service. Staking rewards accrue each epoch, and unstaking completes within approximately two to three days at the end of the current epoch. This delegation model keeps tokens on-chain and in the user's own address throughout the staking period.

In 2025, Trust Wallet added MEV protections on supported Solana transaction flows, reducing certain forms of extractive behavior that can inflate effective costs for users on high-activity networks. Swap coverage was also expanded to include over 110 chains total, with Solana swaps benefiting from the platform's cross-chain routing infrastructure.

Security Architecture and Incidents

Security is the central product promise of any self-custody wallet, and Trust Wallet's approach rests on local key generation and storage — private keys are generated on the user's device and are never transmitted to Trust Wallet's servers. The wallet includes a built-in Security Scanner that simulates transactions before signing, flagging interactions with known scam contracts or suspicious approval patterns. In 2025, Trust Wallet reported that its Security Scanner prevented an estimated $191 million from reaching known scam addresses.

The platform also recovered $260,000 in stolen funds through direct investigation and secured an additional $370,000 through coordination with exchanges — a level of active incident response unusual in the self-custody space.

However, Trust Wallet faced a significant security event in December 2025 when a compromised update to its Chrome browser extension resulted in seed phrase theft, with confirmed losses totaling approximately $7 million. Binance committed to compensating affected users. The incident underscored ongoing risks inherent to browser extension wallets and prompted internal security audits of the extension update pipeline.

TWT Token and the Trust Premium Ecosystem

Trust Wallet Token (TWT) is a BEP-20 utility token integrated across the Trust Wallet product suite. After years of limited utility, Trust Wallet released a tokenomics LitePaper in 2025 that significantly expanded TWT's role, causing the token to surge approximately 49% on announcement.

The primary utility mechanism is FlexGas, which allows TWT holders to pay network transaction fees across more than 100 blockchains using TWT rather than native gas tokens. Discounts range from 20% to 50% depending on the user's tier. Trust Premium, the platform's loyalty program, is structured around TWT staking — more than $50 million worth of TWT was staked following the program's launch. Tiers (Seeker, Explorer, Moonwalker) unlock progressively deeper discounts on swaps, fiat transactions, and other platform fees, along with priority access to new product launches.

Alongside Trust Premium, Trust Wallet launched Trust Alpha as a token launch platform and Trust Moon as a Web3 accelerator program, expanding its footprint from a pure wallet product into a broader ecosystem of launch infrastructure and developer tooling.

Financial Products and DeFi Access

Beyond basic asset management, Trust Wallet has evolved into a multi-product financial platform. Stablecoin Earn launched with over $155 million in total value locked, offering yield on stablecoin deposits through integrated protocols. Perpetuals trading covers more than 80 pairs with up to 200x leverage, and prediction markets have been integrated for users in eligible jurisdictions.

For fiat access, Trust Wallet added Cash App Pay (powered by MoonPay) in 2026 alongside Apple Pay and Google Pay options already in market. A P2P fiat on-ramp is also available, improving coverage for users in regions with limited third-party payment rails.

Developer Tooling

In 2025, Trust Wallet released the Trust Wallet Agent Kit (TWAK), enabling AI agents to execute cryptocurrency transactions programmatically through the wallet's infrastructure. This positions Trust Wallet as infrastructure for agentic applications, not just human users. The broader developer platform includes Wallet Core — an open-source cross-platform library powering the wallet's multi-chain signing — as well as documentation for asset listing and dApp submission.

Network Management

Trust Wallet actively manages which blockchain networks it supports, sunsetting chains that lack active user bases or present maintenance overhead without proportional usage. On September 15, 2026, support for several networks was discontinued, with the company advising users to transfer assets to supported chains or preserve access through alternative methods.

Summary

Trust Wallet is an ACTIVE, broadly deployed self-custody wallet with deep Solana integration, a growing financial product suite, and a maturing token ecosystem. Its 220 million user base and 35% MAU market share make it one of the most consequential non-custodial wallets in crypto. Solana users benefit from native SOL staking, MEV-protected swap routing, and cross-chain asset management — all within the same app used across more than 100 other blockchains.