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 on 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% the supply staked, is doing buybacks, and is at a FDV of ~61x less than Trust wallet

8.46K
39
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.