When looking through the wallet category on Goingecko, the @AmbireWallet native token $WALLET is distinct due to multiple factors:
54% of circulation supply is staked.
$1.2M worth of buybacks have occurred recently (50M tokens, 5% of total supply).
The first mass public wallet to support Pectra's EIP-7702 on Mainnet.
This upgrade allows multiple txns to be batched together (Ex. revoke all approvals in one txn) and enables you to pay gas with various other tokens.
____________________________
Competitor Valuation
Ambire $13.6M MC, $13.6M FDV.
Top wallet tokens currently are:
Safe $323M MC, $532M FDV.
Trust Wallet $343M MC, $825M FDV.
TLDR:
WALLET has no supply overhang, has over 50% of the supply staked, is doing buybacks, and is at a FDV of ~61x less than Trust Wallet.
Show original
7.98K
36
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.