XDEFI Wallet

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XDEFI Wallet
Area served Worldwide
Products Cryptocurrency wallet
Website https://www.xdefi.io/

XDEFI Wallet is a cryptocurrency wallet that allows users to store, swap, and send cryptocurrency and NFTs across 14 Blockchains.[1]

History

XDEFI Wallet was founded in 2020 by Emile Dubié and David Phan in London.[2] XDEFI Wallet operated in a closed beta version of the wallet until Q4 2021, when it was released to the public more broadly.

As of Summer 2022, XDEFI Wallet has raised a total of circa US$26M.[3][4][5]

Support

XDEFI Wallet supports 10,000+ cryptocurrencies on:[6]

  • Ethereum
  • Bitcoin
  • Polygon
  • Fantom
  • Avalanche
  • Arbitrum
  • Binance Smart Chain (BSC)
  • Binance Chain
  • THORChain
  • Bitcoin Cash
  • Dogecoin
  • Terra Classic[7]
  • Terra v2
  • Litecoin

XDEFI Wallet will soon launch support for Solana, NEAR, Aurora, Cosmos, Osmosis, Juno, and more.

Ratings

XDEFI Wallet has 100,000+ weekly active users and a 5-star rating in the Google Chrome Store after 190+ reviews.

Technology

XDEFI Wallet is a Google Chrome browser extension.[8][9][10] The wallet is non-custodial, meaning that the end-user is responsible for securing their own seed phrase.[11]

Google Chrome browser extension wallets like XDEFI Wallet allow users to interact with Web3, NFT, and Decentralized finance (DeFi) applications.[12]

XDEFI Wallet was audited by Kudelski Security in 2021.

Vision

The XDEFI Wallet team has said publicly their vision is to build the premier Web3 crypto gateway.

Four pillars of a Web3 gateway

The XDEFI Wallet team defines four pillars of a Web3 gateway:[13]

  1. Ability to swap 10,500+ assets natively within the wallet. This currently represents 60x more assets than Coinbase and 25x more than Binance.
  2. Permissionless onboarding & unlimited withdrawals: Any user from almost any country can instantly create a non-custodial account and begin trading. All XDEFI Wallet users enjoy unlimited swaps and unlimited withdrawals.
  3. Seamlessly connect to every dApp: Web2 exchanges are walled gardens. XDEFI Wallet seamlessly connects to every dApp in Web3 across every supported blockchain.
  4. A single gallery for all your NFTs: XDEFI Wallet neatly displays all your NFTs from every chain in a single customisable gallery, allowing your portfolio to travel with you as you move between blockchains.

References

  1. ↑ https://www.altcoinbuzz.io/defi/geckocon-2022-the-future-of-interoperability/
  2. ↑ https://captainaltcoin.com/defi-tools/
  3. ↑ https://www.coindesk.com/business/2021/10/26/xdefi-wallet-looks-to-raise-12m-in-initial-dex-offering/
  4. ↑ https://www.coindesk.com/tech/2021/09/29/cross-chain-wallet-xdefi-raises-6m-to-take-on-metamask-phantom/
  5. ↑ https://cryptoslate.com/metamask-challenger-xdefi-wallet-secures-6-million-to-scale-its-next-generation-defi-wallet/
  6. ↑ https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/how-to-use-the-xdefi-wallet/
  7. ↑ https://dailyhodl.com/2021/10/28/xdefi-wallet-unveils-integration-with-terra-and-announces-liquidity-program-on-pylon-protocol-to-support-the-terra-ecosystem/
  8. ↑ https://insidebitcoins.com/buy-cryptocurrency/buy-nft/nft-wallets
  9. ↑ https://cryptoslate.com/this-defi-founder-explains-why-all-users-need-a-multi-chain-wallet/
  10. ↑ https://cointelegraph.com/news/browser-based-defi-wallet-xdefi-launches-public-version
  11. ↑ https://cryptonews.com/news/metamask-phantom-brave-and-xdefi-wallets-patch-demonic-critical-vulnerability-before-an-attack.htm
  12. ↑ https://hackernoon.com/single-chain-vs-multi-chain-wallets-about-metamask-and-its-alternatives
  13. ↑ https://www.xdefi.io/mission-xdefi-wallet/

External links

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