Basic analysis of the Coin98 project | Multi-chain gateway and DeFi (01/2024 - 07/2025)
(Data updated to 07/2025 and is just basic information about the project to facilitate basic evaluation – This is one of the most notorious projects among Vietnamese people at the moment. Not investment advice).

🔥 Overview
Coin98 (@coin98_wallet) is a decentralized multi-chain wallet, providing a comprehensive DeFi ecosystem with tools such as SwapX, Coin98 Messenger, and AI assistant Cypheus. Supporting over 120 blockchains (Ethereum, Solana, BNB Chain, Arbitrum, Viction), Coin98 serves 10 million users in 170+ countries, integrating DEX, cross-chain bridge, and dApp browser. From 01/2024 to 07/2025, Coin98 will launch version V16 with an improved interface and AI features, staking. 💥

🕒 Important timeline
- Q1/2024: Launch of Coin98 V15, improving UI/UX, integrating Coinbase Pay and Mercuryo.
- 08/2024: Integration of Monad Testnet, preparing for mainnet.
- 02/2025: Coin98 Staking V1 ceases operations, transitioning to PowerPool with airdrop $WCT, $DADA.
- 03/2025: Collaboration with UXLINK (@UXLINKofficial), distributing 16,000 $UXLINK through the Connect & Collect campaign.
- 07/2025: Integration of Unizen (@unizen_io), optimizing SwapX on Ethereum, BNB Chain, Polygon, Arbitrum.

🤝 Strategic partnerships
Coin98 partners with major projects and funds:
- Unizen (@unizen_io): Increasing liquidity for SwapX on EVM chains.
- UXLINK (@UXLINKofficial): Airdrop campaign and SocialFi integration.
- Somnia (@Somnia_network): Integrating Shannon Testnet for gaming and digital identity.
- Artemis (@artemisxyz): Supporting staking and earning with 900 $oMETIS.
- Binance Labs, Pantera Capital: Reputable backers, providing financial and strategic support. 💼

💰 Tokenomics & Current Price
- Tokenomics: $C98 (total supply 1 billion, circulating ~983.47 million) used for governance, transaction fees, and staking rewards. Additionally, BOBA is currently the campaign they are promoting to encourage users to use SwapX.
- Price (07/2025): $C98 at 0.051 USD, 24h trading volume ~**8.2 million USD** (CoinMarketCap). Historical peak price 6.445 USD (2021). Historical low price 0.0343 USD (2025). Check CoinMarketCap/CoinGecko for real-time updates! 📈

🔓 Token Unlock Schedule
- Currently (07/2025): 983.47 million $C98 is in circulation. 185 million tokens have been unlocked through airdrop and staking rewards (2021-2024). The final round for seed round is about to unlock...

🛠️ Products & Technology
- Coin98 Super Wallet: Multi-chain wallet supporting 120+ blockchains, integrating Social Login, Matrix Password, and hardware wallets (Ledger, Trezor).
- SwapX: Integrating multi-chain swapping and bridging, supporting Unizen, Orderly.
- Coin98 Messenger: On-chain chat, supporting sending/receiving money and lucky gifts.
- Cypheus AI: AI assistant analyzing wallet addresses, protecting against scams.
- Coin98 Vault: Exclusive token claim and airdrop feature. 🔧

💼 Business Model & Profit
- Business model: Coin98 generates revenue from SwapX fees (0.1-0.5% per transaction), cross-chain bridging fees, and staking fees. Coin98 Vault charges a token claim fee (~0.01-0.05 USD). 50% of fees are distributed into the $C98 treasury for airdrop, grants, and buybacks. The Coin98 Creator Program rewards $C98 for community content.
- Profit: Revenue from SwapX and bridging is estimated at ~15 million USD/year (DappRadar, based on 10 million transactions/month). Vault and staking fees contribute ~5 million USD/year. Operating costs (~6 million USD/year, including server, audits) result in a net profit of ~14 million USD/year. The treasury supports buybacks of $C98, increasing token value. (Validation from third parties, not officially from C98, so accuracy is still unclear)

🗣️ Reviews from Famous KOLs
- @Young_bakerr: “Coin98 V16 with Cypheus AI is an all-in-one tool, strong security, ideal for DeFi.”
- @sns: “Coin98 leads in multi-chain wallets, integrating the $SNS pool is a smart move.”
- @Web3Insider: “SwapX and Coin98 Messenger are great, but UX needs to be simpler for newcomers.”
⚠️ Some KOLs are concerned about complicated UX and the significant drop in $C98 price, but the community is optimistic with new integrations. 🌟

🛤️ Future Roadmap
- Q3-Q4 2025: Expanding SwapX to Solana, Polygon; launching Coin98 Card for crypto spending.
- 2026: Increasing decentralized governance, improving Cypheus AI, adding more non-EVM chains.
- Long-term: Leading multi-chain wallet and DeFi, competing with MetaMask, Trust Wallet. 🚀

✅ Opportunities
- Multi-chain ecosystem: Supporting 120+ blockchains, integrating @unizen_io, @UXLINKofficial, @solana.
- AI and security: Cypheus AI and Matrix Password attract users concerned about scams.
- Strong community: 10 million users, airdrop $WCT, $DADA increases engagement. 💸

⚠️ Challenges
- Competition: @MetaMask, @TrustWallet competing in the multi-chain wallet space.
- Improved UX: Complex interface hinders new users.
- Price volatility: $C98 has dropped ~95% from its peak, needs to increase utility to recover. 🛑

📝 Conclusion
Coin98 (@coin98_wallet) is the leading multi-chain wallet with SwapX, Coin98 Messenger, and Cypheus AI, achieving revenue of ~20 million USD/year and 10 million users. Partnering with @unizen_io, @UXLINKofficial, @solana and backers like Binance Labs, Coin98 has the potential to lead DeFi. Do you think $C98 will surpass 1 USD again? Have you participated in the airdrop or are you waiting for a dip? Comment now to discuss! 🗣️

References:
- CoinMarketCap
- CoinGecko
- Coin98
- Blogtienao
- DappRadar
- Coinspeaker