Gemini Launches Web3 Wallet with Passkey and Gas Fee Subsidies

Gemini has launched a new self-custody wallet that integrates Web3 functionality and passkey authentication to simplify user interactions with blockchain ecosystems [1]. The wallet, introduced through the company’s official X account, is designed to serve both everyday users and developers, aiming to enhance the overall crypto experience [1]. It supports on-chain activities and eliminates the need for complex recovery phrases by leveraging passkey technology, allowing users to log in securely through biometric authentication [1]. This innovation is expected to lower entry barriers for new users in the crypto space.

The Gemini Wallet supports decentralized applications (dApps) and enables seamless interaction with major layer-2 (L2) networks such as Arbitrum, Polygon, Optimism, and Base. In a move to further reduce transaction costs for users, Gemini has partnered with these networks to cover gas fees for key actions [1]. Additionally, all users receive a free ENS subdomain—such as satoshi.gemini.eth—providing a personalized digital identity [1].

Alongside the wallet, Gemini introduced the Onchain Dashboard, a browser-based interface that allows users to monitor their crypto holdings, test dApps, and access DeFi vaults for yield generation [1]. The dashboard is integrated with Gemini accounts, enhancing user experience by streamlining account management and on-chain activity. The wallet also partners with Blockaid to provide on-chain fraud protection and connects via WalletConnect for broader Web3 compatibility [1].

The company is also utilizing Bungee, a cross-chain liquidity marketplace, to facilitate seamless asset swaps across blockchains. This infrastructure has already processed over $20 billion in volume [1]. For users interested in passive income, Gemini has integrated Morpho to offer access to DeFi vaults on Arbitrum, allowing deposits to generate returns quickly and withdraw at any time [1].

Gemini’s approach represents a strategic shift toward simplifying crypto onboarding. The wallet eliminates the need for app downloads and complicated setup procedures, offering a “tap-to-use” experience that mirrors the evolution from traditional internet to modern digital interfaces [1]. Analysts have noted that this approach could attract the next billion users to the blockchain space by making self-custody more accessible and secure [1].

The Gemini Wallet is currently available via web-based access and does not yet exist as a standalone mobile app or browser extension. However, the company has indicated future plans to expand its platform in these formats [1]. While the current version may lack deep integration with external dApps and trading platforms, its user-friendly interface has been well-received, especially among newcomers [1]. Analysts suggest that further development of the Onchain Dashboard could significantly enhance the wallet’s utility and appeal to a wider audience [1].

By focusing on usability, security, and ease of access, Gemini aims to strengthen its position in the competitive crypto wallet market. The move aligns with the broader industry trend of making DeFi and Web3 more approachable for non-technical users. As the ecosystem evolves, the Gemini Wallet’s integration of passkey authentication and gas fee subsidies could set a new standard for user experience in self-custody solutions [1].

Sources:

[1] Live, https://www.livebitcoinnews.com/gemini-launches-self-custody-wallet-with-web3-and-passkey-support/

[2] AInvest, https://www.ainvest.com/news/gemini-launches-custody-wallet-boost-web3-security-accessibility-2508

[3] Blockworks, https://blockworks.co/news/gemini-wallet-review