On August 14, 2025, Gemini, co-founded by Cameron and Tyler Winklevoss, launched the Gemini Wallet and Onchain Dashboard to expand access to DeFi and Web3.
Immediate Effects
The immediate effects of Gemini's launch are felt across several industries. The company's decision to cover gas fees during initial onboarding seeks to lower user entry barriers significantly. This initiative holds considerable financial implications, particularly in enhancing cross-chain trading and DeFi yields. Notable tokens involved include ETH, ARB, and assets through WalletConnect-compatible apps.
Industry Impact
Industry experts believe that Gemini's strategic rollout will influence centralized exchanges and push further DeFi adoption. It could result in increased liquidity in the DeFi space and promote a seamless user experience. Historical trends suggest that similar launches from exchanges like Coinbase have led to significant market shifts. Data and analysis hint at possible short-term increases in total value locked (TVL) and heightened activity across L2 solutions.
Quote from Gemini Founder
We’ve built a first in class self custody wallet that unlocks DeFi and Web3 for every crypto user across the globe. A fully embedded experience powered by passkeys. Meet the Gemini Wallet. — Cameron Winklevoss, Co-Founder, Gemini
The launch of the new wallet and Onchain Dashboard by Gemini marks an important step in simplifying access to DeFi and Web3, and it may influence the dynamics of the cryptocurrency market.
