Trust Wallet Token (TWT) - one of the first "crypto wallet tokens"

Issuing its own token is a logical move, as such an asset can attract new investments and increase the user base for its products and services. The Trust Wallet team has done this by releasing a native token called TWT.

What is a Trust Wallet Token?

Trust Wallet Token (TWT) is a native utility token released by the developers of the popular multi-currency crypto wallet Trust Wallet. The token was initially released in Spring 2020 on the blockchain, then known as the Binance Smart Chain or BSC (now BNB Smart Chain), in the BEP-20 format. As of February 2025, the Trust Wallet Token is also available on the Solana blockchain in SPL format.

In July 2020, the token was listed on cryptocurrency exchanges, with a trading price of $0.006 at the start of trading. Since its listing, the value of the Trust Wallet Token has increased by more than 12600%, reaching $0.85 in February 2025.

The market capitalization of the TWT token is $354 million. According to this indicator, the asset ranks 145th in the overall ranking of cryptocurrencies. The total number of Trust Wallet Token tokens is almost 1 billion, of which 416 million are already circulating on the market. However, the TWT token has no-issuance limit, so developers are not restricted from issuing additional tokens in the future.

How is the Trust Wallet Token used, and what are its advantages and disadvantages?

TWT token holders who are users of the Trust Wallet cryptocurrency wallet receive several benefits, including:

Discounts when purchasing digital assets in the Trust Wallet app, as well as favorable trading commissions;
The ability to pay with TWT tokens for services in the wallet app.

The Trust Wallet Token also provides for various usage scenarios in the decentralized finance (DeFi) marketplace, such as revenue generation in liquidity pools on DEX exchanges and collateral for cryptocurrency loans on lending platforms.

The TWT token is endowed with governance features that allow altcoin holders to participate in voting and, as a result, in decision-making on the development of the Trust Wallet ecosystem.

The Trust Wallet project and the TWT token were launched with Binance's support. Still, as of February 2025, the altcoin is not involved in the ecosystem of this cryptocurrency exchange.

In addition, the Trust Wallet token has almost no use outside its ecosystem, limiting its utility. This makes it dependent on the performance of the Trust Wallet itself: for example, as the number of wallet users decreases, the demand for the TWT token will also drop.

Prospects for the Trust Wallet Token

The former head of the Binance cryptocurrency exchange, Changpeng Zhao (CZ), repeatedly mentioned the Trust Wallet Token on his X social network page, hinting at the possible integration of the asset into the trading platform. However, after Zhao departed from Binance, mentions of the TWT token ceased, so there is no word on any plans for the Trust Wallet Token.

Nevertheless, Trust Wallet has large user base allows it to maintain a high demand for the native TWT token. According to the analytical service Dune, in 2024, the total number of Trust Wallet users reached 140 million, 13 million of which were active. At the same time, by the end of 2023, there were only 80 million Trust Wallet users; that is, the growth amounted to 75% in just one year.

However, despite this rapid user base growth, the price of Trust Wallet Token has decreased by 24% over the past year. According to experts, the probable reasons could be factors such as:

Decreased demand among investors due to lack of significant news;
Increased competition among tokens and focus on new trends in the crypto industry (real-world assets (RWAs), artificial intelligence (AI), memcoins, DePIN, Layer-2 solutions);
Regular token unlockings, which create additional pressure on the price of Trust Wallet Token: while in 2022, the number of TWTs represented only 29% of the total issuance, in 2025, it already exceeds 40%;

Competition among wallets is also growing. New solutions such as Rabby and Zerion are appearing on the market, surpassing Trust Wallet in terms of functionality and planning to issue their own tokens.

The plans of the Trust Wallet team to develop TWT may change the situation. For example, the developers intend to expand the use cases for the Trust Wallet Token:

add the ability to use TWT for NFT trading,
get discounts on purchases through marketplaces.

The Trust Wallet team plans to launch Wallet-as-a-Service (WaaS), which aims to expand Web3's potential for private and corporate users.