Gate 研究院：ウォレットのエントリー地点としての地位が上昇、CEXの境界線がチェーン上に加速して拡大

PANews January 9 - Gate Research Institute recently released a report titled “Evolution of Crypto Wallets and CEX On-Chain Strategy,” tracing wallets’ evolution from private key and signing tools in the Bitcoin era to becoming core gateways for on-chain finance. The report indicates that DeFi Summer enabled wallets to transition from low-frequency asset management tools to essential gateways for dApps; after 2022, All-In-One wallets became the mainstream approach, completing capability validation through high-frequency scenarios like inscriptions and Meme coins, gradually gaining stronger control over transaction routing and traffic distribution.

The report further notes that as the wealth effect of VC coins diminishes and new on-chain assets and high-yield opportunities overflow, the traditional model of CEX users staying long-term within exchanges faces challenges, forcing CEX platforms to accelerate their on-chain strategies and pursue embedded wallet pathways, extending compliance, fiat on-ramps, and existing user scale to on-chain ecosystems.

Taking Gate Web3 as an example, the report indicates that CEX on-chain strategy is not a simple replication of non-custodial wallet models, but rather a deep integration of CEX’s account systems, trading capabilities, and on-chain applications while preserving user asset sovereignty, enhancing asset retention and user lifetime value. Gate Research Institute believes the industry is entering a functional reorganization phase: financial capabilities that can be on-chained and modularized continue to migrate to wallets, while CEX platforms respond to boundary erosion through on-chain strategy and ecosystem binding.