New Non-Custodial, Cross-Chain Browser Wallet to Compete with MetaMask by Focusing on DeFi and NFTs
XDEFI has released its rival to the popular crypto wallet MetaMask which reported more than 10 million active users in August.
Last month, XDEFI Wallet raised $6 million led by Mechanism Capital and Defiance Capital, with other investors including Alameda Research, Sino Global, and Animoca Brands.
Now it has announced the public release of its non-custodial, cross-chain wallet built with a focus on decentralized finance (DeFi) and non-fungible tokens (NFTs).
This week, the team unveiled XDEFI Wallet 7.0 and introduced the Ape Mode for the apes and degens of crypto.
The wallet uses a proprietary gas algorithm to ensure that even during times of congestion, transactions get into the next block timely, says the team.
It is also optimized for EIP-1559 allowing “users the maximum benefit from Ethereum’s London hard fork while still maintaining an accessible interface.” By adding a network activity section in-app, it reduces reliance on third-party sites. ETH 0.71% Ethereum / USD ETHUSD $ 1,857.13
$13.190.71% Volume 6.21 b Change $13.19 Open $1,857.13 Circulating 120.23 m Market Cap 223.28 b 1 y Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 1 y A Possible Crypto Recovery Moving Into New Year, Risk-on Sentiments Send The Stock Market to Another Record High 1 y The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022
While the wallet already offers access to chains like Terra (LUNA) and THORChain (RUNE), which are not available on MetaMask, support for other popular blockchains like Solana (SOL) and Avalanche (AVAX) along with layer 2 solutions like Arbitrum will be added along the way. LUNA 21,296.88% Luna Coin / USD LUNAUSD $ 1.20
$255.1021,296.88% Volume 343.36 K Change $255.10 Open $1.20 Circulating 1.71 m Market Cap 2.04 m 1 y Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 y UST Grows 55x to Become the 4th Largest Stablecoin, Terra DeFi Ecosystem Amasses $18B in Assets 1 y Is This The Beginning of the Santa Rally? Markets Jump in Asia Session RUNE 0.02% THORChain / USD RUNEUSD $ 1.09
$0.000.02% Volume 22.79 m Change $0.00 Open $1.09 Circulating 332 m Market Cap 361.24 m 1 y Cryptocurrencies Sees Fresh Signs of Green, But Will It Last This Time? 1 y Over 160 Projects Are Launching on Terra by Early Next Year to 'Amplify Demand for UST' and Send it to $10 Bln, says Founder 1 y New Non-Custodial, Cross-Chain Browser Wallet to Compete with MetaMask by Focusing on DeFi and NFTs SOL -2.15% Solana / USD SOLUSD $ 18.93
-$0.41-2.15% Volume 381.61 m Change -$0.41 Open $18.93 Circulating 398.19 m Market Cap 7.54 b 1 y Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 1 y Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 y Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows AVAX -0.89% Avalanche / USD AVAXUSD $ 14.03
-$0.12-0.89% Volume 130.92 m Change -$0.12 Open $14.03 Circulating 344.87 m Market Cap 4.84 b 1 y Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi 1 y StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet 1 y Bitcoin Aims for $50k Ahead of Low-Liquidity Holiday Season as Girls Who Code Refuse to “Miss Out” on Crypto
As for NFTs, the wallet offers automatic detection and a drag-and-drop NFT display grid.
Users can also buy crypto directly within the XDEFI Wallet, for which it claims not to charge a fee.