XDEFI Wallet

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XDEFI Wallet
Type Private
Industry Cryptocurrency
Founder(s) Emile Dubié and David Phan
Area served Worldwide
Products Cryptocurrency wallet
Website https://www.xdefi.io/

XDEFI Wallet is a cryptocurrency wallet that was founded by Emile Dubié and David Phan in 2020. It allows users to store, swap, and send NFTs (non-fungible tokens) and cryptocurrency across 14 different blockchains.[1][2]

Vision

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

Four pillars of a Web3 gateway

According to XDEFI Wallet, the four pillars of a Web3 gateway are:[3]

  1. Ability to swap 10,500+ assets natively within the wallet. This currently represents 60 times more assets than Coinbase and 25 times more than Binance.
  2. Permissionless onboarding and 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.[2]
  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.[2]

History

In 2020, XDEFI Wallet was founded by Emile Dubié and David Phan in London, United Kingdom.[4] XDEFI Wallet operated in a closed beta version of the wallet until the fourth quarter of 2021, when it was released to the public more broadly.

In 2021, XDEFI Wallet was audited by Kudelski Security.[5]

As of mid-2022, XDEFI Wallet has raised a total of approximately $26 million USD.[6][7][8][9]

Support

XDEFI Wallet supports more than 10,000 cryptocurrencies on:[10]

  • Ethereum
  • Bitcoin
  • Polygon
  • Fantom
  • Avalanche
  • Arbitrum
  • Binance Smart Chain (BSC)
  • Binance Chain
  • THORChain
  • Bitcoin Cash
  • Dogecoin
  • Terra Classic[11]
  • Terra v2
  • Litecoin

XDEFI Wallet also plans to launch support for Solana, NEAR, Aurora, Cosmos, Osmosis, Juno, among others.

Ratings

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

Technology

XDEFI Wallet is a Google Chrome browser extension.[12][13][14] The wallet is non-custodial, meaning that the end-user is responsible for securing their own seed phrase.[15]

Google Chrome browser extension wallets such as XDEFI Wallet allow users to interact with NFT, Web3, and Decentralized finance (DeFi) applications.[16]

References

  1. ↑ Lemmens, Camille (2022-07-22). "GeckoCon 2022: The Future of Interoperability". https://www.altcoinbuzz.io/defi/geckocon-2022-the-future-of-interoperability/. 
  2. ↑ 2.0 2.1 2.2 "What blockchains does XDEFI Wallet support?". 2022-07-21. https://www.xdefi.io/article/multichain-wallet-xdefi-support/. 
  3. ↑ Beardsley, Kevin (2022-05-19). "The XDEFI Wallet Mission". https://www.xdefi.io/mission-xdefi-wallet/. 
  4. ↑ Küster, Felix (2022-06-30). "Best DeFi Tools To Get Started With Decentralized Finance 2022". https://captainaltcoin.com/defi-tools/. 
  5. ↑ Beardsley, Kevin (2021-07-06). "Kudelski Security architecture 2021 audit". https://www.xdefi.io/kudelski-security-audit/. 
  6. ↑ Crawley, Jamie (2021-10-26). "XDEFI Wallet Looks to Raise $12M in Initial DEX Offering". https://www.coindesk.com/business/2021/10/26/xdefi-wallet-looks-to-raise-12m-in-initial-dex-offering/. 
  7. ↑ Thurman, Andrew (2021-09-29). "Cross-Chain Wallet XDEFI Raises $6M to Take on MetaMask, Phantom". https://www.coindesk.com/tech/2021/09/29/cross-chain-wallet-xdefi-raises-6m-to-take-on-metamask-phantom/. 
  8. ↑ Malwa, Shaurya (2021-09-30). "XDEFI scores $6 million to build its DeFi browser wallet". https://cryptoslate.com/metamask-challenger-xdefi-wallet-secures-6-million-to-scale-its-next-generation-defi-wallet/. 
  9. ↑ "XDEFI Wallet successfully raises over US$19.4M from 10,736 supporters". 2021-11-23. https://www.xdefi.io/xdefi-wallet-crypto-successfully-raises-over-us19m/. 
  10. ↑ "How To Use The XDEFI Wallet - Bitcoin & Crypto Guide". 2022-04-12. https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/how-to-use-the-xdefi-wallet/. 
  11. ↑ "XDEFI Wallet Unveils Integration With Terra and Announces Liquidity Program on Pylon Protocol To Support the Terra Ecosystem". 2021-10-28. https://dailyhodl.com/2021/10/28/xdefi-wallet-unveils-integration-with-terra-and-announces-liquidity-program-on-pylon-protocol-to-support-the-terra-ecosystem/. 
  12. ↑ Dunne, Eric (2022-05-20). "Best NFT Wallets (2022 Rankings)". https://insidebitcoins.com/buy-cryptocurrency/buy-nft/nft-wallets. 
  13. ↑ https://cryptoslate.com/this-defi-founder-explains-why-all-users-need-a-multi-chain-wallet/
  14. ↑ Avan-Nomayo, Osato (2021-10-12). "Browser-based DeFi wallet XDEFI launches public version". https://cointelegraph.com/news/browser-based-defi-wallet-xdefi-launches-public-version. 
  15. ↑ "MetaMask, Phantom, Brave, and XDefi Wallets Patch 'Demonic Critical Vulnerability' Before an Attack". 2022-06-16. https://cryptonews.com/news/metamask-phantom-brave-and-xdefi-wallets-patch-demonic-critical-vulnerability-before-an-attack.htm. 
  16. ↑ "Single-Chain vs. Multi-Chain Wallets: About Metamask and its Alternatives". 2021-12-15. https://hackernoon.com/single-chain-vs-multi-chain-wallets-about-metamask-and-its-alternatives. 

External links

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