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 -0.65%


Ethereum / USD
ETHUSD


$ 3,496.45

-$22.73
-0.65%



Volume 14.87 b


Change -$22.73


Open $3,496.45


Circulating 117.91 m


Market Cap 412.27 b





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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 1.70%


Luna Coin / USD
LUNAUSD


$ 0.01

$0.00
1.70%



Volume 0


Change $0.00


Open $0.01


Circulating 1.71 m


Market Cap 12.62 K





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RUNE -3.02%


THORChain / USD
RUNEUSD


$ 7.06

-$0.21
-3.02%



Volume 46.7 m


Change -$0.21


Open $7.06


Circulating 224.41 m


Market Cap 1.58 b





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SOL -2.09%


Solana / USD
SOLUSD


$ 146.14

-$3.05
-2.09%



Volume 2.48 b


Change -$3.05


Open $146.14


Circulating 299.9 m


Market Cap 43.83 b





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AVAX -0.55%


Avalanche / USD
AVAXUSD


$ 54.42

-$0.30
-0.55%



Volume 639.58 m


Change -$0.30


Open $54.42


Circulating 220.29 m


Market Cap 11.99 b





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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.

The post New Non-Custodial, Cross-Chain Browser Wallet to Compete with MetaMask by Focusing on DeFi and NFTs first appeared on BitcoinExchangeGuide.

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