Competitive ecosystem

Offering Customer Protection services to end-users, Wallet Warden doesn't compete with popular solutions of on-chain monitoring such as Chainalysis or Elliptic. Moreover, we integrate with them to provide full compliance and threat intelligence to our customers.

Direct competitors

Being a young niche in this industry, there are no go-to shops as direct competition yet, unlike the non-custodial wallets market, for example, where Metamask settled at the top for a couple of years already.

1. Redefine is one of our strongest direct competitor with a reach set of active risk mitigation features. Their end-to-end solution is chain-agnostic, offering customer protection even before the user sings the transaction, by on-chain analysis, untill the moment it's settled and committed in the blockchain. The user workflow is somewhat similar, involving, like ours, an customer informing step followed by user's educated decision.

2. Harpie is one of the fastest growing competitors with a different approach, but targetting the same pain points. Secures only browser-based wallets.

3. PocketUniverse is a smaller competitor of us, achieving customer protection by simulating every transaction generated and providing users insights about their actions. Once the user is informed and approval signal is given by them, PocketUniverse's solution lets the transaction follow-through it's normal workflow of Metamsk -> Default RPC provider (Infura in this case) -> Blockchain. Their transaction monitoring software is triggered only by browser-based non-custodial wallets and accessing it is possible only by their browser extension.

Indirect competitors

Our indirect competition consists of customer protection features offered by custodial wallets to attract audience from this market. So far, despite important announcements in this area by big names, users who understand the risks imposed by storing assets in the custody of others seem to trust more their non-custodial control than a centralised, not transparent entity.

Another indirect competition that we can face could come from partnerships between smart contract security-enhancing protocols, such as Lossless.io, and either node providers, such as Infura/Alchemy, or non-custodial wallet providers, such as Metamask/TrustWallet. Until January 2023, no such partnerships have been announced. Also, even if they will be announced, Wallet Warden still holds an upper hand in this regard due to our chain-agnostic nature, one that is almost impossible to be achieved by protocols such as Lossless because of how isolated smart contracts are on their native network.