The public version of XDEFI Wallet has been released on the Chrome Store, the wallet hopes to challenge MetaMask’s dominance of the browser wallet space by offering a new user experience for DeFi and NFTs.
The XDEFI Wallet, like the popular browser extension wallet MetaMask, supports DeFi applications across various blockchains.
The Ethereum (ETH) network and other Ethereum Virtual Machine-compatible chains are supported by the web wallet, according to the statement.
XDEFI Wallet now supports THORchain and Terra, with plans to add Avalanche, Solana, and Arbitrum in the future.
Émile Dubié, co-founder and CEO of XDEFI Wallet, claimed in a recent interview that cross-chain compatibility was required to ensure better use of Web 3.0.
“There’s no need to transfer wallets or deal with several seed phrases – just use the same vehicle to get to other places,” Dubié said.
The XDEFI Wallet includes an “Ape Mode” that allegedly uses a proprietary gas algorithm to provide customers with higher transaction throughput. Ape Mode will provide an “indispensable edge” for DeFi and NFT users, according to Dubié.
Because XDEFI Wallet is focusing on DeFi and NFTs as part of its strategy to take on MetaMask, it includes some “made for NFT” capabilities.
According to the press release, XDEFI provides automatic in-wallet NFT detection as well as a collectable grid display.
XDEFI will offer crypto trading as a wallet platform, with users able to buy cryptocurrencies with fiat via payment gateway service Ramp.
Mechanism Capital, Sino Global Capital, Morningstar Ventures, Alameda Research, CoinGecko, and other investors had previously invested $6 million in XDEFI Wallet.
