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.
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 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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