"I do think all capital markets move on-chain over time, in the same way almost all commerce eventually became e-commerce..."
-From new interview with @maplefinance co-founder @syrupsid from @AndrewSteinwold (link in next tweet)

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Author | Shisi Jun

1. Introduction
In the blink of an eye, I've been working in the wallet industry for four years. Many people think the wallet landscape in 2025 is already solidified, but that's not the case—it's been turbulent beneath the surface. This year:

· Coinbase launched its new CDP wallet, built on TEE technology;

· Binance's MPC wallet introduces key sharding and hosting to the TEE environment;

· Bitget just released its social login feature last week, hosted on a TEE basis;

· ...

A brief overview of the history of blockchain wallets and the market landscape in 2025.

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