A top-100 crypto wallet altcoin has surged by more than 22% this week, outpacing the vast majority of the digital asset market.
The utility and governance token for the mobile wallet app Trust Wallet (TWT) is trading at $0.946 at time of writing, up from $0.773 one week ago.
[adinserter block="1"]The 89th-ranked crypto asset is also up more than 5% in the past 24 hours.
TWT’s 22% price jump this week occurred while the overall crypto market cap gained less than 0.5%, according to CoinGecko.
The asset’s gains materialized a day or so after Trust Wallet rolled out a new update for its browser extension that enabled Ethereum Virtual Machine (EVM) swaps.
On Wednesday, Trust Wallet also teased something else “coming soon,” but didn’t specify what.
Trust Wallet is a multi-chain, self-custody wallet. The project, which says it has more than 60 million users, rolled out a new version of its security-scanning feature in July that assigns a risk level to each transaction and alerts users of any potential threats.
Trust Wallet said last week that the new feature had prevented over $17.5 million worth of user funds from being sent to scammers since its summer launch.
Despite TWT’s price gains this week, it remains more than 65% down from its all-time high of $2.72, which it set last December.
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